> I think legal language that prevents this would likely be a net good thing.
Language that protects end user data across changes in company ownership basic doesn’t exist.
For one thing, if the company goes bankrupt, the data is an asset of values, and the court will allow them to void prior contracts so that they can sell off assets and pay their debts.
This is legal for the same reason pensions get zeroed out during bankruptcies and acquisitions.
If the new owners can steal retirement money from current and former employees, you can bet they can sell whatever treasure troves of data the company has amassed.
Language that protects end user data across changes in company ownership basic doesn’t exist.
For one thing, if the company goes bankrupt, the data is an asset of values, and the court will allow them to void prior contracts so that they can sell off assets and pay their debts.
This is legal for the same reason pensions get zeroed out during bankruptcies and acquisitions.
If the new owners can steal retirement money from current and former employees, you can bet they can sell whatever treasure troves of data the company has amassed.
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