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Americans have been complaining about the EU fining American companies because they “lost” since at least the Microsoft penalties. And it has been a demonstr
by thawaya3113 5y ago
Americans have been complaining about the EU fining American companies because they “lost”
since at least the Microsoft penalties.
And it has been a demonstrable lie right from the beginning, that only works because sites like HN, being US focused, will only post EU fines on American companies, and ignore the ones on European ones.
But European regulators have almost always cracked down harder on European companies than American ones.
Here, for example, is a list of the 25 largest GDPR fines from a couple of years ago.
https://www.tessian.com/blog/biggest-gdpr-fines-2020/ https://www.tessian.com/blog/biggest-gdpr-fines-2020/
The vast majority of fines are against European companies (even if you slot the European subsidies of American companies, like Google Ireland, under the U.S.). Unsurprisingly the largest fines tend to be against massive U.S. companies for the simple reason that they have the most data, but despite the U.S. dominating online services, and as you state, EU companies “losing” online, GDPR has fines far more EU companies than US ones.
- CaptainZapp 5y agoMay I add this chart to the discussion? http://fingfx.thomsonreuters.com/gfx/editorcharts/EU-GOOGLE-ANTITRUST/0H0012Y9L1DV/index.html http://fingfx.thomsonreuters.com/gfx/editorcharts/EU-GOOGLE-... Sure, a lot of American tech companies on the list, who were fined for their absolutely egregious and illegal actions. Daimler, Scania, DAF, Saint Gobain, Philips, Deutsche Bank and others are very European companies. It just seems more an issue that the American press in general just isn't very interested what happens in the rest of the world. Except if it involves an American company that is. If you don't believe that I suggest that you compare international reporting in The New York Times (arguably one of the papers with the highest proportion of international news) with a Frankfurter Allgemeine, or Neue Zürcher Zeitung, say.
- jollybean 5y agoAgain more evidence against your own point. That's anti-trust regulation and the majority of the fines clearly going to foreign companies. I don't have the data, but I'll bet $1000 that the majority of US anti-trust fines are nor targeted towards foreign companies, rather domestic. Europe imposes regulatory sanctions it seems for GDPR and anti-trust that disproportionately target foreign companies that seems clear.
- jollybean 5y ago"The vast majority of fines are against European companies" ? The vast majority the fines are to American companies. Literally on top of the list Google, Amazon, FB etc. make up 80% of the fines. Google is paying $100M and Voda is paying $5M and you're saying they are targeted equally ...