Honestly Meta is just plain stupid. These formats are an informal way to avoid strong regulation but solve problems and used in many settings of govermental regulation as a first try.
Snubbing them will increase the chance of hard regulation.
I guess Zucki, Meta and SV folks (proofed on HN itself) just drunk too much "EU is declining because of regulation" and it will end like Lightning and Apple.
I guess Zucki, Meta and SV folks (proofed on HN itself) just drunk too much "EU is declining because of regulation" and it will end like Lightning and Apple.