101–110 of 361 posts
Earlier quoted context omitted.
A better argument is simply that the US routinely (and selectively) enforces its rules well beyond its borders. So why shouldn't anyone else with the clout needed...
Can't wait for the chinese or indian SEC to start suing US nationals for different exotic financial wrongdoings on some half hidden rule
>EU is “concerned that Google has made it harder for rival online advertising services to compete in the so-called ad tech stack.” There are plenty of competitors in the ad tech space. China created TikTok. Korea created KaoKaoTalk. Even Japan created Line. Meanwhile, the EU, for all it's antitrust regulation, hasn't created anything substantial. Perhaps, it's the burdensome regulation that's the problem.
Yes, and that's great. They don't want surveillance Capitalism.
Without surveillance capitalism, prices for services would go up or would cease to be free.
The ad-driven business model is a legitimate one.
I assume that you use a free service from Google/Facebook/Microsoft? So you must not care about surveillance capitalism either. At least not care enough.
Before anyone makes the argument that the EU should have no jurisdiction over an American entity, please remember that Google sells its services in Europe. It's well within the jurisdiction of the EU to regulate how anyone does business here. Google Ireland alone had a 50B euro turnover. The breaking up of monopolies used to be in the toolbox of American antitrust policies, back when America enforced antitrust legisl…
On one hand, if Google simply restructured, spun off or sold its EU ad business the competitive landscape wouldn't change that much. I'm not sure whether a new European competitor could ever become a peer to Google if it could only compete in the EU market because of the network effects in the ad business.
Alternatively, the EU having global jurisdiction would have even bigger issue. With that precedent, could Japan or Australia regulate European businesses? Also how would the EU enforce rules outside of its geography? How complaint would the US court system be in enforcing European decisions?
>EU is “concerned that Google has made it harder for rival online advertising services to compete in the so-called ad tech stack.” There are plenty of competitors in the ad tech space. China created TikTok. Korea created KaoKaoTalk. Even Japan created Line. Meanwhile, the EU, for all it's antitrust regulation, hasn't created anything substantial. Perhaps, it's the burdensome regulation that's the problem.
Well said. Europe creates a high amount of regulation. The startup industry gets completely stifled and unable to compete with US nor China. So all they do now is add more regulation.
Should the US break up LVMH given how dominant they are in luxury goods?
break every company up! Each "bet" in Alphabet needs to be broken. Each business unit within Google needs to be broken. Same with Apple. Break that up to between services and hardware. Force them to open up their new silicon. Why can't other companies use the H1 or H2 chips for their headphones? why are we letting Apple have the competitive advantage? Open up the App Store and force new payment methods. Microsoft als…
/sarcasm
break every company up! Each "bet" in Alphabet needs to be broken. Each business unit within Google needs to be broken. Same with Apple. Break that up to between services and hardware. Force them to open up their new silicon. Why can't other companies use the H1 or H2 chips for their headphones? why are we letting Apple have the competitive advantage? Open up the App Store and force new payment methods. Microsoft als…
And microsoft is walking scot free. They can happily control operating systems, office tools, a slice of search, ides, ads within their os, are allowed to buy large game makers and soon ai. As a bare minimum they should be forced greater compatibility with running their software on linux and ideally be banned from doing ads, ai and gamedev.
And microsoft is walking scot free. They can happily control operating systems, office tools, a slice of search, ides, ads within their os, are allowed to buy large game makers and soon ai. As a bare minimum they should be forced greater compatibility with running their software on linux and ideally be banned from doing ads, ai and gamedev.
Google's search and ad dominance on the other hand are less convenient for governments.
Google will rather split up the internet by pulling out of Europe than follow this. And isn't ads the only profitable business Google has? If they sell it, there Google search, Gmail etc couldn't exist.
EMEA is Google's second largest market, and it's not even close for competition. There is no way Google would be willing to cut revenue by $90 billion annually. It would be corporate suicide. The single greatest loss event of investor capital in history. They'll comply, just like Apple will comply with the DMA. They have a fiduciary responsibility to their shareholders. Unlike the U.S., E.U lawmakers can't be bought.
I'm curious if you're so naive to believe that or if you were trolling and wrote that with a straight face. Because cronies like Ursula Von Der Leyen would like to disagree with you.