EU to hit Apple with €500m fine over antitrust music streaming complaint from Spotify
EU to hit Apple with €500m fine over antitrust music streaming complaint from Spotify
Apple will be slapped with a hefty fine, according to a new report.
I fucking love the EU. I wish we were still in it. 😞
The same EU that wanted to force backdoors and spyware on all devices by LAW. Luckily it didnt go true.
You're right and it is a real problem. But consider that the EU is a huge contributor to the stability of Europe, and the world as a whole. War between EU member states is unthinkable, that wasn't the case 80 years ago.
tl;dr/highlight (to the titled fine):
While the verdict isn't public until its announcement "early next month", the report suggests Apple unfairly prevented apps from suggesting payment methods outside of the App Store.
Spotify submitted their (first) complaint in 2019.
Took quite a few years…
As it always does in politics. However if sth happens it's still worth it
How much would that be for a middle class person in relation? $10?
This isn't the only fine though. It's one of several they've been hit by in recent years and more might be coming. They are also getting bigger over time.
It's not like the EU will just give up after one fine.
As an economic union they have a lot of power in cases like this.
They could ban them entirely if they wanted.
In the meantime, Apple rakes in exponentially more and more money.
Not enough, this is toll tax for them.
Is Apple making over €500m in profit in the EU specifically as a result of anticompetitive practices involving music?
I'm all for punishing white collar crime severely, but the goal for the EU seems to be to set the fines so they're not especially punitive, but still high enough that the offender would have saved money by just playing by the rules. That's a damn sight better than what we usually get in the US.
fines will get bigger if Apple doesn't correct its "anticompetitive practices"
I am also wondering where that amount comes from. Though I do not think it should be based on profit. A company can also be unprofitable on purpose in a region in order to destroy the competition an gain market share. Then after conquering the market they increase the prices again.
In this case I suppose it also be difficult to quantify the fine. Of course the duration of the anti-competitive behaviour should also be taken into consideration and apples low willingness to better itself. Is there any article explaining the 500m euro?
Pffft. Loose change for apple.
Good
Ah, yes, the mushroom eating the fungus.