Most of their revenue is NA and developing world. Europe userbase doesn't seem too major.
For $6.8b/year worth of eu ads they'll just open up another datacenter.
I think it also has a lot to do with showing YoY numbers growth to investors. You can't just shut down operations in a large headcount market like that. Similar reason why India is attractive to some western companies regardless of relatively lower revenues.
Please take a seat. Someone from angry Meta mob will attend you shortly.
Lol
They cant afford to close in europe. Imagine getting banned from both, the euro zone and china
Do you understand how financials work? Their cash holdings did not take a hit from stock price dropping. But more over, doing this doesn't require any financial muscle power. In fact, this is exactly what a dying company with 0 financial muscle could and would do.
> Meta said today: 'We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organisations and services, rely on data transfers between the EU and the US in order to operate global services." > 'If a new transatlantic data transfer framework is not adopted and we are unable to continue to rely on SCCs (standard contractual clauses) or rely upon other alternative means of data transfers from Europe to the United States, we will likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe. It's not a threat. Meta disclosed this to investors as a potential risk.
let’s ask the real question. pip at microsoft? since when?
My username is from the Amazon PIP saga last week!
glad u found a better place