this post was submitted on 31 Oct 2023
907 points (98.5% liked)

Technology

55715 readers
5725 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] kautau@lemmy.world 10 points 8 months ago (2 children)

They will. This was most likely planned by their legal team in advance, will cost Facebook a negligible amount compared to their revenue and marked as a “risk.” And when they settle it will be a planned business expense, like a fine

[–] frezik@midwest.social 5 points 8 months ago (1 children)

What would it have cost Facebook to come up with a different name?

[–] frunch@lemmy.world 3 points 8 months ago

~$1,000,000,000,000 USD, which is why they're trying to do it the "easy way"

[–] SeabassDan@lemmy.world 3 points 8 months ago (1 children)

The legal fees alone while it gets dragged out in court will definitely hurt the smaller company.

[–] squiblet@kbin.social 5 points 8 months ago (1 children)

That's the strategy, of course. Throw a ton of lawyers at it and hope the other company just gives up.

[–] kautau@lemmy.world 2 points 8 months ago

Yeah they don’t even need to hire a law firm. They pay millions of dollars in retainer every year to keep lawyers on staff, so this is just someone’s day job to go through the motions