alt Hacker NewsThey are too big to fail but they aren’t too big to have to pay out a huge settlement. Facebook annual revenue is about it twice that of the entire global recording industry. The strategy these companies took was probably correct but that calculation included the high risk of ultimately having to pay out down the line. Don’t mistake their current resistance to paying for an internal belief they never will have to.
> They are too big to fail but they aren’t too big to have to pay out a huge settlement. Facebook [...]
I think it's pretty clear from history that they are too big to have to pay out a huge settlement.
First, they never had to. There was never a "huge" settlement, nothing that actually did hurt.
Second, the US don't do any kind of antitrust, and if a government outside the US tries to fine a US TooBigTech, the US will bully that government (or group of governments) until they give up.