On: Everything everywhere is securities fraud

[simonh]

So if I live in Russia and but a US company's shares, I can sue the US company under Russian law? Or the same for China? Or Saudi Arabia? Cool!

[jtbayly → simonh]

If you live in Europe you can sue a US company because you visited their website.

GDPR

[simonh → jtbayly]

Only if the US company chooses to provide goods and services to customers in the EU and collects their personal data.

The case in point is like a US web company only providing services to US customers, but some Europeans who VPN'd into the US web site and pretended to be Americans sued it under the GDPR anyway. In this case the proxy company holding the Toyota shares takes the role of the VPN.

[jtbayly → simonh]

> Only if the US company chooses to provide goods and services to customers in the EU and collects their personal data.

That’s what I said. Visit their website.

[Retric → jtbayly]

Companies chose to respond to HTTP get requests from Europe, they don’t have control over who buys their shares.

Similarly, if I only sell food outside the US I am not beholden to US food labeling laws even when someone imports my product into the US.