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Google loses EU appeal and is fined a record $4B

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Re: Google loses EU appeal and is fined a record $4B

#21

Post by saalweachter »

athenot wrote: post #11
caldarons wrote: post #2

While I am in favour of efforts like the GDPR to protect users data, I wonder if all this anti-bigtech sentiment is actually justified and where it will eventually lead to

With a small fine, it's just an annoying cost of doing business. With this ruling, there's a possibility it may actually change the risk/benefit assessment for companies that insist on doing whatever they want with user data. Maybe the lines of business which require promiscuous data sharing in order to be profitable will stop operating in the EU, and give rise to other business models. Whether these newer ones will…

... wasn't the case about Android app bundling, not user data?

Re: Google loses EU appeal and is fined a record $4B

#22

Post by p-e-w »

drexlspivey wrote: post #4

That’s 1.45% of their annual revenue or 5.2% of their annual net profit.

Which is essentially nothing. Imagine an individual, caught committing an illegal act of this magnitude for the third time, being fined 1.45% of their annual pre-tax salary, with no other consequences.

Speeding tickets are costlier than this in many jurisdictions.

Re: Google loses EU appeal and is fined a record $4B

#23

Post by nielsole »

davidguetta wrote: post #20
RandomWorker wrote: post #13

That increases the budget of the eu parliament with 2.2% on a yearly basis if paid out in one go. [1082B for 2014-2020, 4B/1082B*6y~2.2%] A loss of 4B is a decrease of revenue by 1.5% for google. [googles revenue was 256B in 2021 4/256~1.5%]

Quoted post unavailable.

The budget is publicly available: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELE...

Re: Google loses EU appeal and is fined a record $4B

#24

Post by bzxcvbn »

RandomWorker wrote: post #13

That increases the budget of the eu parliament with 2.2% on a yearly basis if paid out in one go. [1082B for 2014-2020, 4B/1082B*6y~2.2%] A loss of 4B is a decrease of revenue by 1.5% for google. [googles revenue was 256B in 2021 4/256~1.5%]

The budget of the EU parliament? What do you mean? The budget of the parliament was about 740k€ in 2022.

Did you mean the budget of the EU itself? It's about what you said (180B€ in 2022). Of course, that doesn't account for individual member States' budgets. The EU's budget is dwarfed by the aggregate of all members' budgets, and it is lower than most of the big EU countries' budgets.

Re: Google loses EU appeal and is fined a record $4B

#25

Post by rvz »

metadat wrote: post #10
rvz wrote: post #7

Earlier quoted context omitted.

It is a long time coming and still a long way to go and the surveillance big tech giants should pay a high price for abusing and violating the privacy of hundreds of millions of users. It's a shame that this fine is too generous to Google and it won't scare them. It should be much larger than that and should be in the multi-billions of dollars.

Quoted post unavailable.

> What? Did GPT3 write the parent comment?

No. Why do you think that is?

> This is a multi-billion dollar fine, a $4.1B fine.

As it should be the standard and nothing less than that. Even so, this one is a 'generous' multi-billion dollar fine that won't scare them.

I am saying it needs to be much higher than that. GPT-3 cannot explain itself or its own comments, can it?

Re: Google loses EU appeal and is fined a record $4B

#27

Post by wongarsu »

legitster wrote: post #15

So... What's the end result? Google has to charge for Android? Ask users their search preference?

I think this is about Google's Android certification, that allows manufacturers to ship Android with any google app. Some like the Play Store are basically required by users, but Google makes it a "get all or none" deal with a lot of other demands, which includes a google search widget.

Re: Google loses EU appeal and is fined a record $4B

#28

Post by statusfailed »

davidguetta wrote: post #20
RandomWorker wrote: post #13

That increases the budget of the eu parliament with 2.2% on a yearly basis if paid out in one go. [1082B for 2014-2020, 4B/1082B*6y~2.2%] A loss of 4B is a decrease of revenue by 1.5% for google. [googles revenue was 256B in 2021 4/256~1.5%]

Quoted post unavailable.

It mostly funds projects:

> Approximately 94% of the EU budget funds programmes and projects both within member states and outside the EU. Less than 7% of the budget is used for administrative costs, and less than 3% is spent on EU civil servants' salaries.

From [0], see also [1]

[0]: https://en.wikipedia.org/wiki/Budget_of_the_European_Union#P...

[1]: https://www.europarl.europa.eu/about-parliament/en/organisat...

Re: Google loses EU appeal and is fined a record $4B

#29

Post by WastingMyTime89 »

davidguetta wrote: post #20
RandomWorker wrote: post #13

That increases the budget of the eu parliament with 2.2% on a yearly basis if paid out in one go. [1082B for 2014-2020, 4B/1082B*6y~2.2%] A loss of 4B is a decrease of revenue by 1.5% for google. [googles revenue was 256B in 2021 4/256~1.5%]

Quoted post unavailable.

Negotiate trade agreements for the second largest market in the world. Make harmonised law and regulations and operate the courts associated. Finance infrastructure projects and the development of the poorest members. Manage various cooperation efforts between members in sector like education.

Re: Google loses EU appeal and is fined a record $4B

#30

Post by mhh__ »

davidguetta wrote: post #20
RandomWorker wrote: post #13

That increases the budget of the eu parliament with 2.2% on a yearly basis if paid out in one go. [1082B for 2014-2020, 4B/1082B*6y~2.2%] A loss of 4B is a decrease of revenue by 1.5% for google. [googles revenue was 256B in 2021 4/256~1.5%]

Quoted post unavailable.

The EU has a GDP of almost 20 Trillion, what kind of magnitudes of cash would you expect?
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