| ▲ | nradov 7 hours ago |
| I don't necessarily disagree with this ruling, but it's sad that EU governments now take in more revenue from fining US tech companies than from taxing local tech companies. An entire continent is on the path of becoming parasites instead of builders. Will they ever adopt a growth and abundance agenda again? |
|
| ▲ | amarcheschi 7 hours ago | parent | next [-] |
| Maybe companies that break eu/local rules could respect the law |
| |
| ▲ | arpinum 7 hours ago | parent [-] | | Hard to respect vague laws. Apple can't read the regulators' minds and figure out their interpretations, or instantly pivot when regulators change their minds. | | |
| ▲ | dns_snek 6 hours ago | parent | next [-] | | You don't need to read minds to know that abusing your dominant market position in one market to disadvantage your competitors in a different market (advertising) has a very high likelihood of breaking competition rules. That's a textbook example of anti-competitive behavior. When did they change their minds, can you provide a link to a previous regulatory decision which approved this behavior? | |
| ▲ | Steve16384 7 hours ago | parent | prev | next [-] | | So, like being a citizen then? | |
| ▲ | jltsiren 6 hours ago | parent | prev [-] | | All laws are inherently vague. Some actions are clearly legal and some are clearly illegal. Between them, there is a gray zone, where it can be impossible to say in advance what's legal and what isn't. If you are an amoral profit maximizer, like the average publicly traded company, it's often rational to take risks by entering the gray zone. Sometimes nobody cares that you do that. Sometimes you manage to get a favorable court ruling. And sometimes the expected gains outweigh the eventual fines. It's almost always easy to comply with the laws by playing it safe. But shareholders don't like that. |
|
|
|
| ▲ | geon 5 hours ago | parent | prev | next [-] |
| > EU governments now take in more revenue from fining US tech companies than from taxing local tech companies Do you have a source for that, or did you just make it up? |
|
| ▲ | jncfhnb 7 hours ago | parent | prev | next [-] |
| If the US tech companies stop behaving this way, maybe. |
| |
| ▲ | nradov 7 hours ago | parent | next [-] | | Sure. I'm not here to defend bad behavior by US tech companies. Just pointing out the sad contrast in terms of lack of growth and innovation by EU tech companies. | | |
| ▲ | tacker2000 7 hours ago | parent | next [-] | | How is the EU tech company lack of growth related to fining companies for not obeying the law? Yes, Europe is a laggard in tech, but I don't see any relationship here. Even if they wouldn't fine these companies, EU would still lag, and now that they are fining them, EU companies are not at an advantage, nor growing faster. | |
| ▲ | hnbad 6 hours ago | parent | prev [-] | | The US is in the middle of a recession if you exclude the AI bubble. Even if you include the AI bubble it's barely avoiding stagflation. I'm not sure "growth and innovation" accurately serves as a contrast between the US and EU tech companies right now. |
| |
| ▲ | vnchr 7 hours ago | parent | prev [-] | | Or the US tech companies could abandon EU markets | | |
| ▲ | piva00 7 hours ago | parent | next [-] | | They could, it could be a blessing for competitors in the EU. But they won't because the EU is a huge market and money speaks, while that happens they need to comply with the laws. Stop breaking the laws and you stop being fined, it's pretty simple for multi-billion/low-trillion market cap companies, innit? | |
| ▲ | lenkite 6 hours ago | parent | prev | next [-] | | It would be terrific if this happens. Can give room for alternatives to grow in the EU. Even the rest of the world would love it. So far only China has managed alternatives - and only thanks to govt exclusion. US behemoths just eat everyone else up - even in the global South. | | |
| ▲ | linhns 4 hours ago | parent | next [-] | | I’d love alternatives that work well, but having used the said Chinese ones, I got no choice but to stick to the behemoths. Telegram may eat a bit into the messaging dominance, but that’s it. | |
| ▲ | tt24 5 hours ago | parent | prev [-] | | I’m sorry to disappoint you but the EU is unable to create any usable alternatives to US tech chiefly due to lack of SWE talent (among other things). Anyone remotely competent sees the 40k senior SWE salaries offered by European tech companies and immediately crawls through glass just to work at a mid-tier company in the Northern California area of the United States. | | |
| ▲ | lenkite 5 hours ago | parent [-] | | Once they pay "modern" US health insurance (esp after a layoff) and also need to raise a family, the vast majority will crawl back through lava. | | |
| ▲ | tt24 5 hours ago | parent [-] | | Still no - PPP (that’s after expenses such as food, healthcare, housing, etc) is significantly higher in the United States. | | |
| ▲ | lenkite 5 hours ago | parent [-] | | I believe that would be true (after food, housing, healthcare, taxes, child-care, etc) only for a very narrow band of senior SWE's. And you are still not considering employment protection. And for junior or mid-level SWE's, not at all true for the overwhelming majority. | | |
| ▲ | tt24 4 hours ago | parent [-] | | This is true not only for SWEs, but for the median worker in the United States. |
|
|
|
|
| |
| ▲ | hnbad 5 hours ago | parent | prev [-] | | You must believe that US companies are trying to enter and stay in hostile markets out of the sheer kindness of their hearts. Have you considered that not being present in the second biggest market by GDP may actually be a massive liability by creating a massive opportunity for competitors that will be far better adapted to stricter regulatory conditions? You could just as well advise US car manufacturers to stick to building cars like the Cybertruck and ignore markets that consider it unsafe. |
|
|
|
| ▲ | epolanski 7 hours ago | parent | prev [-] |
| US tech companies already avoid paying jackshit by moving to Ireland. So apple Ireland sells services and devices to apple italy on which the profit is all in Ireland. |