3 ms·

I hope Trump fines EU for all these non-sense fines they impose on American companies. Feels like EU is trying to compensate for their high debt.

jamespo 9y ago
Much like the US fines EU banks?
- perseusprime11 9y ago
  Are the fines comparable? Why do they get fined?
  - jamespo 9y ago
    http://www.bbc.co.uk/news/business-38412816 http://www.bbc.co.uk/news/business-38412816
  - ebalit 9y ago
    http://money.cnn.com/2014/06/30/investing/bnp-paribas-sanctions-fine/index.html http://money.cnn.com/2014/06/30/investing/bnp-paribas-sancti... BNP, a french bank, was fined 8.9 B$ for operations run outside the US but with countries on which the US had an embargo.
matthewmacleod 9y ago
This is not a valid complaint. Fining companies for breaking competition law is totally legitimate.
- perseusprime11 9y ago
  Sometimes when you go to google search, it will prompt you to download the their app, download chrome, use their native weather, news, etc. It is part of how they iterate on their core search product. If they decide to show Google shopping, isn't that their product decision?
  - danielbarla 9y ago
    Yes, it is. The problem comes in when a company which controls a significant percentage of one platform (search, in this case), uses that advantage to muscle in to other areas. This is seen as a bad thing, because beyond the consumers are left with an unbeatable giant. Unlike normal market leaders, however, this giant doesn't need a superior product, but only apply leverage (given by their other positions). This is the very essence of anti-trust / monopoly laws. Competition is a good thing.
  - matthewmacleod 9y ago
    Yes, but literally everything they do with their product is "their product decision" – that doesn't mean it's legal.
  - mirekrusin 9y ago
    If you're not a monopoly, you can do whatever you want. Things change when you are a monopoly - ie. you have more than 50% of market share (maybe it's more than 50%, I don't know EU threshold) - then special rules apply - in general you can't use your monopoly position to control other markets. Prompting to download Chrome may be against EU law. They could give a list of modern browsers if detected an old one for example. I actually don't understand why are they not forced to change it just like Microsoft was few years back? This law is in power to avoid single company gaining total control.
walterstucco 9y ago
Your us companies can sell their products and ads to your us rednecks We won't miss you

jamespo 9y ago

Much like the US fines EU banks?

perseusprime11 9y ago
Are the fines comparable? Why do they get fined?
- jamespo 9y ago
  http://www.bbc.co.uk/news/business-38412816 http://www.bbc.co.uk/news/business-38412816
- ebalit 9y ago
  http://money.cnn.com/2014/06/30/investing/bnp-paribas-sanctions-fine/index.html http://money.cnn.com/2014/06/30/investing/bnp-paribas-sancti... BNP, a french bank, was fined 8.9 B$ for operations run outside the US but with countries on which the US had an embargo.

matthewmacleod 9y ago

This is not a valid complaint. Fining companies for breaking competition law is totally legitimate.

perseusprime11 9y ago
Sometimes when you go to google search, it will prompt you to download the their app, download chrome, use their native weather, news, etc. It is part of how they iterate on their core search product. If they decide to show Google shopping, isn't that their product decision?
- danielbarla 9y ago
  Yes, it is. The problem comes in when a company which controls a significant percentage of one platform (search, in this case), uses that advantage to muscle in to other areas. This is seen as a bad thing, because beyond the consumers are left with an unbeatable giant. Unlike normal market leaders, however, this giant doesn't need a superior product, but only apply leverage (given by their other positions). This is the very essence of anti-trust / monopoly laws. Competition is a good thing.
- matthewmacleod 9y ago
  Yes, but literally everything they do with their product is "their product decision" – that doesn't mean it's legal.
- mirekrusin 9y ago
  If you're not a monopoly, you can do whatever you want. Things change when you are a monopoly - ie. you have more than 50% of market share (maybe it's more than 50%, I don't know EU threshold) - then special rules apply - in general you can't use your monopoly position to control other markets. Prompting to download Chrome may be against EU law. They could give a list of modern browsers if detected an old one for example. I actually don't understand why are they not forced to change it just like Microsoft was few years back? This law is in power to avoid single company gaining total control.

walterstucco 9y ago

Your us companies can sell their products and ads to your us rednecks We won't miss you