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Facebook has, as far as I know, never been punished by the U.S. for data gathering.
I also don't believe they are not allowed to sell data to all foreign countries and companies. Would congress be this upset if Bytedance was a French company? Or even a Saudi company?
I'm no fan of China and I don't want them harvesting data in other countries, but the genie is way, way, way out of the bottle at this point and congress coming down hard on a single company won't do a thing. This is performative bullshit.