4 ms·

Up to 10%* Assuming they won't go with the maximum amount early on.

by Oarch 4y ago

bigDinosaur 4y ago
Jumping to such colossal fines is probably an excellent way to annoy the US, too, and given the current security/economic/political/world/universe situation I'd wager that the US would lean heavily on the EU to reach some kind of compromise. These companies aren't just big themselves, they also have the most powerful country on the planet willing to exert pressure to make them stay powerful. I'd be very surprised if Apple/Google/etc. ever paid 20% of global revenue even if they blatantly violate much of what the EU wants.
- MichaelCollins 4y ago
  > Jumping to such colossal fines is probably an excellent way to annoy the US, too, and given the current security/economic/political/world/universe situation The US military having bases in Europe is a mutually beneficial arrangement, not some sort of charity America is giving Europe. The US threatening to withdraw from those bases for the sake of Apple would be supreme stupidity. Not impossible, but supremely stupid. There are much bigger fish in this sea than a handful of tech companies, large as they are. Apple is a small drop in the bucket compared to the vast commercial and industrial scope of America's global priorities.
- jeltz 4y ago
  That would be really stupid. The fines are set by courts, not politicians. So by pressuring politicians the US just makes an enemy out of the EU without changing the verdict. Good thing though is that GDPR shows that most European courts try to keep fines low for offenders actin in good faith.
  - bigDinosaur 4y ago
    The US leveraging its immense economic and political power would be...really stupid? Do you think it doesn't do that? I'm confused. It does that all the time, and if I was a US citizen I would expect it to do just that, although obviously preferably in favour of consumers (which this legislation very possibly is, so to be clear I'm not saying it'd actually be a good thing if the US used its influence to water anything down).
- unity1001 4y ago
  If the US was able to 'exert pressure', things would not come to this point. And no, the US is not the 'most powerful country on the planet'.

Up to 10%* Assuming they won't go with the maximum amount early on.

by Oarch 4y ago

Up to 10%* Assuming they won't go with the maximum amount early on.

Jumping to such colossal fines is probably an excellent way to annoy the US, too, and given the current security/economic/political/world/universe situation I'd wager that the US would lean heavily on the EU to reach some kind of compromise. These companies aren't just big themselves, they also have the most powerful country on the planet willing to exert pressure to make them stay powerful. I'd be very surprised if Apple/Google/etc. ever paid 20% of global revenue even if they blatantly violate much of what the EU wants.

MichaelCollins 4y ago
> Jumping to such colossal fines is probably an excellent way to annoy the US, too, and given the current security/economic/political/world/universe situation The US military having bases in Europe is a mutually beneficial arrangement, not some sort of charity America is giving Europe. The US threatening to withdraw from those bases for the sake of Apple would be supreme stupidity. Not impossible, but supremely stupid. There are much bigger fish in this sea than a handful of tech companies, large as they are. Apple is a small drop in the bucket compared to the vast commercial and industrial scope of America's global priorities.
jeltz 4y ago
That would be really stupid. The fines are set by courts, not politicians. So by pressuring politicians the US just makes an enemy out of the EU without changing the verdict. Good thing though is that GDPR shows that most European courts try to keep fines low for offenders actin in good faith.
- bigDinosaur 4y ago
  The US leveraging its immense economic and political power would be...really stupid? Do you think it doesn't do that? I'm confused. It does that all the time, and if I was a US citizen I would expect it to do just that, although obviously preferably in favour of consumers (which this legislation very possibly is, so to be clear I'm not saying it'd actually be a good thing if the US used its influence to water anything down).
unity1001 4y ago
If the US was able to 'exert pressure', things would not come to this point. And no, the US is not the 'most powerful country on the planet'.