EU fines Apple, Meta millions for breaching tech competition rules
EU fines Apple, Meta millions for breaching tech competition rules
techcrunch.com
EU fines Apple, Meta millions for breaching tech competition rules | TechCrunch
14 comments
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Meta’s chief global affairs officer Joel Kaplan accused the Commission of trying to “handicap successful American businesses while allowing Chinese and European companies to operate under different standards
We all see where this is going, right? Anti-competitive behaviour now being framed as “USA #1” patriotism and actively defended by MAGA via tariffs and trade policy.
People outside the US need to stop using American platforms.
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Drop in the bucket
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Actually, this was news was posted earlier today (here) and someone commented the following:
EU fines generally have a bad track record when it comes to stopping companies from trying to get away with stuff, but they do have an excellent track record when it comes to making them stop.
Differently put: You won't see the EU levy another fine against Apple for this because Apple doesn't fancy getting slapped with a 40bn fine. If your main armament is big enough all you'll ever need is shots before the bow.
Can't say for sure it is true, but if it is it would definitely have a serious effect.
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Millions for companies worth TRILLIONS is like fining ordinary people a few pennies.
If the fine doesn't HURT, then it's not going to be effective.
Corporations should be fined at least the value of 50% of the profits from the timeframe they were committing those crimes. If they've been breaking the law for years, then the fine will likely be tens or hundreds of billions of dollars.
If the law doesn't compel these companies to act ethically, they simply won't.
14 comments
gasp millions?! They're done for now!
500 million euro for apple and 200 million for meta