> a reasonable option to function in society that doesn’t involve a large wealth transfer to facebook
There are so many people out there functioning in society just fine without Facebook. And Facebook tried to have an ad-free Facebook product for EU where people could just pay money for the services they apparently depend on -- a perfectly fair transaction, and the EU fined them for that, now mandating that Facebook has to offer a product to EU users for €0 but is only allowed to monetize it with ads that no advertiser would buy because untargeted ads are a waste of money. See the banner ads of the late 90s. Or I suppose the EU regulators would also be satisfied if FB just provided the services to Europeans as a charity.
I don't have a personal dog in the race, and don't own any shares of Meta, but I think the regulators don't know what they're doing, and as such, would prefer that they don't go too far in the area of social media, advertising and tracking until they figure it out.
There are so many people out there functioning in society just fine without Facebook. And Facebook tried to have an ad-free Facebook product for EU where people could just pay money for the services they apparently depend on -- a perfectly fair transaction, and the EU fined them for that, now mandating that Facebook has to offer a product to EU users for €0 but is only allowed to monetize it with ads that no advertiser would buy because untargeted ads are a waste of money. See the banner ads of the late 90s. Or I suppose the EU regulators would also be satisfied if FB just provided the services to Europeans as a charity.
I don't have a personal dog in the race, and don't own any shares of Meta, but I think the regulators don't know what they're doing, and as such, would prefer that they don't go too far in the area of social media, advertising and tracking until they figure it out.