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It's not that they shouldn't but that they won't because every government is skittish to kill their own golden calves. It's easy to penalize foreign companies
by Spivak 3y ago
It's not that they shouldn't but that they won't because every government is skittish to kill their own golden calves.
It's easy to penalize foreign companies because it's not your country's income that's affected.
- hfkwer 3y agoSo you're simply partaking in whataboutism? What does this bring to the discussion?
- Spivak 3y agoThat I a think this is going to eventually come to a political head and be resolved with a treaty rather than EU courts because Google's (and Facebook with the end of the data sharing agreement) redress is going to be appealing to the US. US tech companies have a very strong narrative right now that the EU's privacy and antitrust regulations are in effect, even if not intentional, a money extraction scheme. The EU has sued Google now 7 times under this statute as well as multiple times targeting Facebook, Amazon, Microsoft, and Apple. It's getting really hard to argue that they're not just going after the deepest (foreign) pockets with laws that are vague enough you could make a case against any medium sized tech company. The EU fined Luxottica $125 million and explicitly allowed them to merge with Essilor.