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The EU has seen poor results with fines. The big tech companies (Google, Amazon, etc) pay them with the change they find in their couch cushions. Then, they con
by ScottFree 7y ago
The EU has seen poor results with fines. The big tech companies (Google, Amazon, etc) pay them with the change they find in their couch cushions. Then, they continue doing whatever they want to do. It doesn't dissuade them.
- tyfon 7y agoWe haven't really seen the "end game" deployed by the EU yet (4% of global annual turnover fines). I suspect when that happens the companies will launch a massive PR campaign and fight it in court but eventually lose. If they pull out of the EU or pay I have no idea. Edit: seems like 4% of alphabets 2018 global revenue [1] is "only" 5.44 billion dollars. Wonder if it can be applied multiple times. [1] https://www.statista.com/statistics/266206/googles-annual-global-revenue/ https://www.statista.com/statistics/266206/googles-annual-gl...