Do you think the EU will enforce the law for non-US and non-EU companies like TikTok will disclose them? It will be interesting to see if they will uphold the law equally to all.
The challenge is growth. Employees of so called "practical" startups, will compare compensation/wlb options of working at the startup vs fast growing unicorn. Without growth, it is hard to keep great talent (at least that has been my experience).
Also, big tech/unicorn can just spin up a new product line to compete in the same market as the startup. In some situations, they might sell for loss to gain market share (e.g. microsoft teams vs slack).
If I objectively look at this problem, there a three issues
1. How might you know it's violating
2. How might you remove "violating" content without violating free speech
3. How do you remove people from the equation.
For #1 and #2, the reviewer gives the example of Jan 6th riots, where individuals organized on FB and other platforms before the event and ended up rioting in DC. How do you know that the individuals wanted to riot before hand? The president himself called everyone to visit DC. What about BLM protesters who used social media platforms to organize in-person events, which ended up in riots and burning down shops. Should we pre-ban any gatherings? NYTimes is simply insuniating that FB should spy on people and curb their privacy, so things like Jan 6th won't happen.
For #3, I believe FB instituted oversight group for this purpose. It is 3rd party reviewers and their decision is binding. I am hoping more and more decisions are made by the group.
Either ways, there is no doubt that there is a contention between growth, free speech and violating content.