Reply to post: Re: You call that a banhammer?

Nervous Facebook CEO Mark Zuckerberg passes Turing Test in Congress

Anonymous Coward
Anonymous Coward

Re: You call that a banhammer?

Yes, we need that, no we won't get it. In the US (and a lot of other places) money talks. Google and Facebook are the top two data slurpers, and even after the reaction to recent events, their combined market value is over $1.5 trillion.

In rough terms, that's the equivalent of the GDP of Canada. Or Russia. Or South Korea. Or all the Gulf nations put together. So US markets place the same value on cushion-boy Zuck and his data-pimping business as they would on the entire national output of all 50+ million people of South Korea. Clearly that is sensible, but Wall Street and the 1% clearly have far too much to lose by regulating these companies, and that's why the proposed legislation (that the Trumplicans won't pass anyway) is so timid and irrelevant.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2022