this post was submitted on 31 Oct 2023
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[–] kautau@lemmy.world 10 points 1 year 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 1 year ago (1 children)

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

[–] frunch@lemmy.world 3 points 1 year ago

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

[–] SeabassDan@lemmy.world 3 points 1 year 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 1 year 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 1 year 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