Indonesia's vice president resigns as tech firms contest AI copyright plans
Published November 12, 2026 · Updated November 12, 2026 · 4 sources
Indonesia's vice president has resigned, and Meta, TikTok and Google are contesting planned AI copyright revisions. Meta and Alphabet closes are shown.
The exposed companies and what ATLAS says about each
Price change between the last close before the event and the latest available close. It is a coincidence in time, not a cause-and-effect relationship.
Named in the story as opposing Indonesia's planned AI copyright law revisions; operates social platforms in the country. · Communication Services
Meta is named in the story as opposing Indonesia's planned AI copyright law revisions, and it operates social platforms in the country [4]. Its close was $628.77 on November 11 and $625.74 on November 12, down 0.48% between the two closes. This is a coincidence in time and not evidence that the news moved the shares.
Price between closes
$628.77 → $625.74Close of November 11 and November 12
Fair value (ATLAS)
$688.27Fair range: $565.69 to $952.26The price ($625.74) is 9.1% below that figure.
Chance of a rise in 1 month
49%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $580.52 and $672.18; 9 in 10, between $509.77 and $765.47.
Named in the story as opposing Indonesia's planned AI copyright law revisions; Google services are exposed to the rules. · Communication Services
Alphabet is named in the story as opposing the planned revisions, and Google services are exposed to the rules [4]. Its close was $293.45 on November 11 and $296.48 on November 12, up 1.03% between the two closes. This is a coincidence in time and does not show that the news caused the move. For comparison, the S&P 500 fell 0.26% between the same two closes.
Price between closes
$293.45 → $296.48Close of November 11 and November 12
Fair value (ATLAS)
$285.19Fair range: $226.51 to $359.07The price ($296.48) is 4.0% above that figure: close to its fair value.
Chance of a rise in 1 month
49%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $274.45 and $318.94; 9 in 10, between $240.22 and $364.38.
Recent results (EPS)
Oct 282.12 actual vs 2.94 est.Fell short
Jul 229.11 actual vs 2.90 est.Beat expectations
Apr 295.11 actual vs 2.67 est.Beat expectations
Apr 170.15 actual vs 0.22 est.Fell short
Dividend
0.29% dividend yieldNext ex-dividend date: December 7, 2026 · 0.86 $ over the last 12 months
S&P 500 between the same closes (November 11 and November 12): 7,619.38 → 7,599.69 points, −0.26%.
What happened
Indonesia's vice president, Gibran Rakabuming Raka, has resigned, according to an aide, adding to political uncertainty [1][2]. Separately, Meta, TikTok and Google are pushing back on planned revisions to Indonesia's AI copyright law [4]. Meta and Alphabet are included because they are named as opposing those revisions.
Reuters reported that Indonesia's vice president has resigned, according to an aide [1]. The BBC said the aide, Budi Arie, stated that Gibran's resignation letter was submitted directly to Prabowo on Wednesday, and that it remains unclear whether it has been accepted [2].
The BBC linked the news to a turbulent time for Prabowo, who faces a growing rift with his predecessor Joko Widodo. It also followed a Supreme Court ruling that a high-school document used during Gibran's 2024 election campaign was invalid [2]. The ruling prompted more than 100 lawmakers to support a parliamentary initiative that could have paved the way for proceedings to impeach Gibran [2]. The Economist's headline describes the resignation as escalating a destabilising feud [3].
In a separate story, Reuters reported that Meta and TikTok have joined Google in pushing back on Indonesia's planned AI copyright law revisions [4].
What ATLAS data show
ATLAS model estimates put Meta's fair value at $688.27, within a range of $565.69 to $952.26, with the price 9.08% below that value. For Alphabet the estimate is $285.19, within a range of $226.51 to $359.07, and the price is 3.96% above it. These are model estimates, not promises or advice, and they depend on assumptions that can change. Neither figure is based on the Indonesian events.
A coincidence in time between two closes is not causality; many factors move share prices each day. The figures come from closing prices and may change.
What you get with ATLAS
Fair value of each company, with its range, against today's price.
Chance of a rise in 1 month and the normal price range, from a calibrated model.
Earnings: next date, estimated EPS and surprise history.
Dividends and alerts by email when a company reports.
Closing prices, fair value, probabilities, earnings and dividends: ATLAS own data as of November 12, 2026. How we calculate fair value.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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