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That makes me wonder: what about wechat? Surely Tencent has many overseas Chinese users in Europe, and I’m sure they play as or more aggressively as the American majors. Is Europe going to sanction Chinese companies for violations along with American ones?

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Facebook is legally an Ireland company FYI.

Facebook is most definitely American even if their European subsidiary is based in Ireland. That is all moot under the law anyways, as they consider global revenue of any parent company, not just that of the subsidiary.

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