What I Am Buying Today.

[crimsonghost747]

(02-07-2022, 12:04 PM)bankerboy Wrote:

(02-04-2022, 12:10 AM)vbin Wrote: Sold out MO today.

Looking at fb and pypl. Hope we see another 20-30% drop in both.

This might happen if they exit Europe. Bloomberg has a nice article today about renewed warnings from Meta given the EU courts say data isn’t safe once it gets to the US.

Meta will not be leaving the EU. They aren't going to abandon a huge market like that. It's all just talk and threats, they are probably trying to get the EU to grant them some special privileges based on the fact that they are a big company. There have been a few similar cases with other large corporations, and I cannot remember a single time that the company went through with their threats. 

Regulatory compliance is a cost of doing business. These big companies know this, but of course they try their best to fight against it. It's usually a pretty futile fight.