True but with this (lousy) deal Meta ensures no legal precedent will be set and it publicly establishes a baseline of terms and installment payments all the states have agreed to accept. That turns a serious existential threat into, essentially, a capped business tax. The negotations with TikTok and YouTube will start with these terms and end not far from them.
The clever thing Meta did was make 30% of the money they're giving the states ($5.3B) conditional on the states getting both TikTok and YouTube to agree to the same terms. They're basically incentivizing the enforcers to find a way to force the same terms on their biggest competitors.
Comments
True but with this (lousy) deal Meta ensures no legal precedent will be set and it publicly establishes a baseline of terms and installment payments all the states have agreed to accept. That turns a serious existential threat into, essentially, a capped business tax. The negotations with TikTok and YouTube will start with these terms and end not far from them.
The clever thing Meta did was make 30% of the money they're giving the states ($5.3B) conditional on the states getting both TikTok and YouTube to agree to the same terms. They're basically incentivizing the enforcers to find a way to force the same terms on their biggest competitors.