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I wonder if the next administration will put a stop to this EU trade war against US Big Tech, or if they will let specific companies (e.g. Meta & Google) contin

I wonder if the next administration will put a stop to this EU trade war against US Big Tech, or if they will let specific companies (e.g. Meta & Google) continue to suffer due to a (perceived or real) bias against that admin during their 2016-2020 tenure and their political campaigns. I imagine at the very least that the company formerly known as Twitter will be protected.

aurareturn 2y ago
Well, Tim Cook was talking to Trump about EU legal issues. Trump made public statements about it. One reason Meta and Google's stocks have not boomed after the election is they're seen as more liberal in Trump's circle.
- ahmeneeroe-v2 2y ago
  Exactly what I was thinking. Apple is seen as neutral by Trump admin. X as an ally. And Meta/Google as enemies
tossandthrow 2y ago
This is politics. The US act exactly the same way against EU companies: https://www.pharmavoice.com/news/ftc-request-novo-catalent-deal-ozempic-lilly/717243/ https://www.pharmavoice.com/news/ftc-request-novo-catalent-d...
- ahmeneeroe-v2 2y ago
  That's kind of my point. This isn't "consumer protection", it's a shakedown of a US company by the EU. I think that the incoming US administration will seek to play politics more aggressively than the current admin.
  - tossandthrow 2y ago
    Probably - or at least that is the rhetorics. However, it is not clear that this is not in balance already. The discussion thread seems to believe that the EU is being harsher to the US than the other way around.
  - piva00 2y ago
    Shakedown? It's the fucking law, either these companies follow it if they want to do business or they get punished. I understand that the US justice system has a very porous concept of who has to follow the law or not but that's not how it should work.
olliebrkr 2y ago
Based on their stock and wealth, I don't think Meta and Google are exactly suffering. They've been getting away with this shit for, well, decades.
- ahmeneeroe-v2 2y ago
  What does that have to do with anything? You don't become an economic super power by letting poorer countries tax your richest companies.
  - olliebrkr 2y ago
    but you can become an economic super power by avoiding tax smaller companies pay?
    - ahmeneeroe-v2 2y ago
      Tax strategy is so integral to large corporations' business strategy that "tax strategy ≈ business strategy" is basically a true statement for them.
ouddv 2y ago
> I imagine at the very least that the company formerly known as Twitter will be protected. verified: https://www.the-independent.com/news/world/americas/us-politics/jd-vance-elon-musk-x-twitter-donald-trump-b2614525.html https://www.the-independent.com/news/world/americas/us-polit...

aurareturn 2y ago

Well, Tim Cook was talking to Trump about EU legal issues. Trump made public statements about it. One reason Meta and Google's stocks have not boomed after the election is they're seen as more liberal in Trump's circle.

ahmeneeroe-v2 2y ago
Exactly what I was thinking. Apple is seen as neutral by Trump admin. X as an ally. And Meta/Google as enemies

tossandthrow 2y ago

This is politics. The US act exactly the same way against EU companies: https://www.pharmavoice.com/news/ftc-request-novo-catalent-deal-ozempic-lilly/717243/ https://www.pharmavoice.com/news/ftc-request-novo-catalent-d...

ahmeneeroe-v2 2y ago
That's kind of my point. This isn't "consumer protection", it's a shakedown of a US company by the EU. I think that the incoming US administration will seek to play politics more aggressively than the current admin.
- tossandthrow 2y ago
  Probably - or at least that is the rhetorics. However, it is not clear that this is not in balance already. The discussion thread seems to believe that the EU is being harsher to the US than the other way around.
- piva00 2y ago
  Shakedown? It's the fucking law, either these companies follow it if they want to do business or they get punished. I understand that the US justice system has a very porous concept of who has to follow the law or not but that's not how it should work.

olliebrkr 2y ago

Based on their stock and wealth, I don't think Meta and Google are exactly suffering. They've been getting away with this shit for, well, decades.

ahmeneeroe-v2 2y ago
What does that have to do with anything? You don't become an economic super power by letting poorer countries tax your richest companies.
- olliebrkr 2y ago
  but you can become an economic super power by avoiding tax smaller companies pay?
  - ahmeneeroe-v2 2y ago
    Tax strategy is so integral to large corporations' business strategy that "tax strategy ≈ business strategy" is basically a true statement for them.

ouddv 2y ago

> I imagine at the very least that the company formerly known as Twitter will be protected. verified: https://www.the-independent.com/news/world/americas/us-politics/jd-vance-elon-musk-x-twitter-donald-trump-b2614525.html https://www.the-independent.com/news/world/americas/us-polit...