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by OldHand2018
2140 days ago
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> This will be Nadella's Albatross. It certainly has the danger of being like Bayer's acquisition of Monsanto and all the Roundup liability. TikTok is facing many privacy lawsuits including the same Illinois biometric law problem that Facebook is currently trying to resolve. You'll remember that Facebook attempted a $550 million settlement, but the judge rejected it as being far too little. So now it is $650 million and as far as I've heard the judge has yet to accept or reject it. Facebook has admitted that this lawsuit could potentially cost them up to $45 billion if it goes to a jury. I've seen commentary that TikTok will try to resolve all the lawsuits quickly so it can be acquired. But Facebook has been trying to settle their lawsuit for 6 months or more, and TikTok doesn't have that kind of time. There are many out there that certainly must have far more insight into this than me, but I am definitely skeptical about this idea. |
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