3 ms·

Every company would get fined for anticompetitive behaviour, regardless of where are based.

by sofixa 7mo ago

wqaatwt 7mo ago
Well yes, but because there are approximately zero EU tech companies that can be affected by these fines and regulations there is very little political pushback against them. In a certain sense it’s a way for EU to clawback at least a small slice of all that money flowing to the US.
- sofixa 7mo ago
  https://www.edpb.europa.eu/news/national-news/2023/personalised-advertising-french-sa-fined-criteo-eur-40000000_en https://www.edpb.europa.eu/news/national-news/2023/personali...
- hermanzegerman 7mo ago
  Why should there be pushback against antitrust measures? It's what keeps markets alive
  - philipallstar 7mo ago
    Well, not necessarily; lots of things keep markets alive, including making it easier for people to start companies. But that aside, it's the selective enforcement of antitrust measures that's my point.
    - hermanzegerman 7mo ago
      Where is the selective enforcement? They also enforce antitrust in other sectors than big tech. You just don't read that much about it in the news
    - sofixa 7mo ago
      > Well, not necessarily; lots of things keep markets alive, including making it easier for people to start companies If those companies then got smothered or acquired by big oligo/mono polies, that only gets you so far. > it's the selective enforcement of antitrust measures that's my point What is selective about it? I linked in the sibling comment a fine for the biggest European digital ad company. And it's trivial to find the EU blocking anticompetitive behaviour or potential for it in every domain. Alstom and Siemens wanted to merge their train division to create a European champion in train manufacturing to better compete with Chinese companies, and they got denied. Because for the EU competition in Europe is more important than EU companies being able to compete globally (because the EU market is in their purview, global ones are not).

Every company would get fined for anticompetitive behaviour, regardless of where are based.

by sofixa 7mo ago

Every company would get fined for anticompetitive behaviour, regardless of where are based.

Well yes, but because there are approximately zero EU tech companies that can be affected by these fines and regulations there is very little political pushback against them. In a certain sense it’s a way for EU to clawback at least a small slice of all that money flowing to the US.

sofixa 7mo ago
https://www.edpb.europa.eu/news/national-news/2023/personalised-advertising-french-sa-fined-criteo-eur-40000000_en https://www.edpb.europa.eu/news/national-news/2023/personali...
hermanzegerman 7mo ago
Why should there be pushback against antitrust measures? It's what keeps markets alive
- philipallstar 7mo ago
  Well, not necessarily; lots of things keep markets alive, including making it easier for people to start companies. But that aside, it's the selective enforcement of antitrust measures that's my point.
  - hermanzegerman 7mo ago
    Where is the selective enforcement? They also enforce antitrust in other sectors than big tech. You just don't read that much about it in the news
  - sofixa 7mo ago
    > Well, not necessarily; lots of things keep markets alive, including making it easier for people to start companies If those companies then got smothered or acquired by big oligo/mono polies, that only gets you so far. > it's the selective enforcement of antitrust measures that's my point What is selective about it? I linked in the sibling comment a fine for the biggest European digital ad company. And it's trivial to find the EU blocking anticompetitive behaviour or potential for it in every domain. Alstom and Siemens wanted to merge their train division to create a European champion in train manufacturing to better compete with Chinese companies, and they got denied. Because for the EU competition in Europe is more important than EU companies being able to compete globally (because the EU market is in their purview, global ones are not).