this post was submitted on 23 Apr 2025
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EU fines Apple, Meta millions for breaching tech competition rules (techcrunch.com)
submitted 1 day ago by Sunshine@lemmy.ca to c/buyeuropean@feddit.uk
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[โ€“] huppakee@lemm.ee 5 points 1 day ago (2 children)

Maybe i should have copy and pasted their follow-up comment as well:

Well, it's sufficient. Using larger calibres for the opening salvo would increase the risk of companies succeeding in fighting fines before court, and companies generally have some kind of creative interpretation of the law at the ready to justify what they're doing. Fining companies into bankruptcy or out of competition for a first offence is rather hard to justify, for repeat offenders, though? Companies continuing their behaviour after having received a warning fine have no excuse, now the gloves come off otherwise you're perceived as a paper tiger.

I think their point is that giving a small fine the first time is enough reason for them to change their behaviour because they know they could get a much higher fine (for example $40 Bn). I don't know how true this is, didn't research it, but it sounds plausible.

[โ€“] IsoKiero@sopuli.xyz 4 points 1 day ago

That's pretty much it. At first you get slapped on the wrist and if you just treat it as a cost of doing business without any changes you'll soon find out that it's not a one time fee, nor that it stays the same. I think with GPDR the maximum (one time) fee was up to 10% of companys turnover (not gross profit). With Apples ~390 billion revenue that would roughly round up to 40 billion per fine.

And even if you have endless supply of money there's still options to shut the whole business down if it's deemed illegal. It might be a damn slow process, but if you just stubbornly try to fight it with lawyers and money it just doesn't work.

[โ€“] SpaceNoodle@lemmy.world 1 points 1 day ago (1 children)

And yet we keep seeing the same headlines over and over. Maybe putting one's head on a pike would be a more effective deterrent - it's worth a shot.

[โ€“] Szewek@lemm.ee 3 points 1 day ago (1 children)

The heads are outside the EU's jurisdiction. But I would like to see the EU showing it has the power to limit a company's activities on the common market if they do not follow the rules (idk how exactly, I guess hard bans would be very, very difficult to implement in this case).

[โ€“] SpaceNoodle@lemmy.world 1 points 1 day ago* (last edited 1 day ago) (1 children)

Or maybe just one of those ~~$4~~ $40 BN fines