this post was submitted on 06 Mar 2024
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Like EU seems to be fining some large amounts for some company and they basically the only ones fighting for privacy laws, repairability etc. I am pretty sure if they don't serve EU they can make better bucks by exploiting and doing things they can't under EU . Am i wrong or missing something ? Why don't they just pack bag and leave ?

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[โ€“] [email protected] 45 points 5 months ago* (last edited 5 months ago) (1 children)

EU is a rich market of 450 million people (Europe is 750). That's a lot of customers.

[โ€“] [email protected] 9 points 5 months ago

This is it. Facebook (or Meta, can't recall which) put a value of something like $40 per user per year on their users' data. With a population of 450M, I don't imagine any company to just walk away from $18B per year when they only get these $1-2B fines every few years.

They probably think of it as a tax that they actually have to pay, or a cost of doing business.