We once worried companies were “too big to fail.”
Are we now living in an era where companies are “too big to be held accountable”?
Meta advances a striking legal theory in its motion to dismiss the whistleblower case brought recently by Psst.org client, Attaullah Baig, former Head of Security at WhatsApp,
Meta argues that given its roughly $160 billion annual revenue, massive market cap, and the absence of any stock-price reaction, even widespread cybersecurity risks at WhatsApp, such as those raised by Attaullah, are “immaterial” as a matter of law.
In effect, Meta is arguing that its sheer scale acts as a shield. If an alleged failure doesn’t immediately tank the stock price, Meta implies this is evidence that a reasonable investor wouldn’t care.
Source: Too big to be held accountable?