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Can you think of any that actually would have applied under these rules? These markets are basically entirely dominated by American companies.
by pta2002 3y ago
Can you think of any that actually would have applied under these rules? These markets are basically entirely dominated by American companies.
- jiofj 3y agoThat's basically what I'm saying. We have nothing. It's shameful.
- jlpcsl 3y agoNo, it is shameful that US allows such huge monopolies in the first place. These should not exist at all and should be broken up before becoming so huge.
- bilal4hmed 3y agoUmm none of these companies are monopolies. For everyone in the list there is another option Europe just doesn't have any companies at all
- thomholwerda 3y ago10 of the world's largest 50 companies by revenue are European. https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue https://en.wikipedia.org/wiki/List_of_largest_companies_by_r...
- deleted 3y ago[deleted]
- runako 3y agoThis list actually surprised me. The European companies on the list fall into 3 categories: commodities (e.g. petroleum or mining), utilities, and automakers.
- Ajedi32 3y agoInteresting list. The only European companies I recognize are car companies; Volkswagen, Fiat Chrysler, and Mercedes-Benz. The rest are all energy or mining companies, with the exception of Schwarz Gruppe which is apparently a retail chain? It's also surprising how many of the American companies are healthcare-related, and how the relative ordering changes to favor tech and oil companies when you sort by profit instead of revenue.
- nottorp 3y ago> For everyone in the list there is another option Yep. WhatsApp and FB Messenger. Two options. Except that they seem to be owned by the same company.
- bilal4hmed 3y agoSignal, iMessage, Telegram, Line, WeChat, Element, SMS ...the list goes on n on
- nottorp 3y agoYeah and if you put it that way Brave or Opera are viable browser alternatives that should be regulated :) Only ubiquitous thing in that list is SMS. Which is crap and that's why no one uses it any more, and no one ever liked to use it.
- bilal4hmed 3y agoThey are viable options. I dont know about regulated, but them not being used is their problem. IE6 was king and then phoenix unseated them, followed by firefox. So people have options, them not using the other option is their issue
- em-bee 3y agonone of these are options when the only way to talk to my landlord or my customer is whatsapp.
- ohgodplsno 3y agoEurope's definition of monopoly is one that actually makes sense, unlike the US's bafflingly stupid version. You do not need over 50% to be a monopoly.
- ilikehurdles 3y agoMore like, no other financial and investment markets are as liquid and stable as America’s, which attracts the world’s innovators and investors. The US should not replicate the failure and incompetence at the helm of the EU and other major bureaucracies.
- manuelabeledo 3y ago> The US should not replicate the failure and incompetence at the helm of the EU and other major bureaucracies. Yeah, protecting consumers and allowing fair competition, what a shame.
- ilikehurdles 3y agoI like that entirely vibes-based reddit discourse has made its way onto this platform.
- pb7 3y agoFair competition from who? Certainly not the EU.
- manuelabeledo 3y agoYou missed the point. It doesn't matter where competition comes from, this whole campaign is about loosening the grip a handful of companies ("gatekeepers") have over de facto monopolies. In short, this would benefit smaller players everywhere.
- tomatocracy 3y agoSpotify arguably would have qualified if they had included an "online music service" category alongside "online video service" (where YouTube was designated). The fact that this was left out is interesting.
- rsynnott 3y agoSpotify is _way_ below the minimum market cap (75bn, I think).
- tomatocracy 3y agoTrue. Including market cap in the definition is another oddity in this - why not just look at the size of the active user base?
- runako 3y agoSpecifically so that EU companies like Spotify wouldn't be included. (I am guessing there is a specific carve-out in the law that exempts Deutsche Telekom, which is bigger than $75b, and Vodafone, which is close.)
- rsynnott 3y agoDT is primarily a telecom, so already subject to a lot of regulation about carriage and so on. Not sure it would do anything if they were included; it’s not like they’re saying (or could say) “yeah, you can’t phone people who use O2 with this phone”. IMO the most surprising omission is Telegram (presumably due to the market cap thing). I would have thought they’d be quite keen to bring _that_ into the net.
- runako 3y agoLooks like Telegram is private (so harder for observers to accurately value) and likely still would be well under the size cap (support for the notion that the size cap is there to exclude EU companies).
- noirscape 3y agoNot for the Digital Markets Act, but the German clothing company Zalando is iirc large enough to qualify under the stipulations of the Digital Services Act (which is more focused on digital moderation if I'm not mistaken, rather than anti-monopolist behavior). Last I checked, Zalando sued the CJEU because they were unhappy with the designation.
- pgeorgi 3y agoZalando objects that for everybody else users were counted, while for them it was visitors (a much looser association, they argue). The decision will sharpen DSA's profile, one way or the other.
- betaby 3y agoMercedes and BMW with their car software?