EU rejects Apple's changes: Company could be fined 10% of global turnover
1–10 of 107 posts
Re: EU rejects Apple's changes: Company could be fined 10% of global turnover
#2wow, 38B could really impact them. Maybe they'll stop the malicious compliance scheme then
Re: EU rejects Apple's changes: Company could be fined 10% of global turnover
#3what a clickbait site. There are no sources that say Apple will be fined anywhere close to that. The journalist has just read the maximum punishment of the crime... You can also go to jail for speeding
Re: EU rejects Apple's changes: Company could be fined 10% of global turnover
#4what a clickbait site. There are no sources that say Apple will be fined anywhere close to that. The journalist has just read the maximum punishment of the crime... You can also go to jail for speeding
There are tons of sources that help you understand what the punishment is for not following the DMA:
> The DMA would constrain gatekeepers’ behaviour while forcing them to proactively open up to more competition. Those in breach of the rules face penalties of up to 10% of their yearly turnover and repeat offenders face being broken-up.
https://www.bruegel.org/blog-post/regulating-big-tech-digita...
More info: https://en.wikipedia.org/wiki/Digital_Markets_Act
Re: EU rejects Apple's changes: Company could be fined 10% of global turnover
#5what a clickbait site. There are no sources that say Apple will be fined anywhere close to that. The journalist has just read the maximum punishment of the crime... You can also go to jail for speeding
Of course there are no sources that say Apple will be fined close to that. That's because the title states that Apple could be fined close to that
Re: EU rejects Apple's changes: Company could be fined 10% of global turnover
#6> could be fined up to 10% of its worldwide turnover
That "up to" makes me nervous that 10% won't happen, but I love the idea of smacking companies with real fines for not complying / maliciously complying with laws.
Re: EU rejects Apple's changes: Company could be fined 10% of global turnover
#7wow, 38B could really impact them. Maybe they'll stop the malicious compliance scheme then
I could see some apple investors being very unhappy that apple leadership brought this on instead of complying with the EU.
$38B in fines (or up to $72B) is not going to be well received by the markets.
Re: EU rejects Apple's changes: Company could be fined 10% of global turnover
#8> could be fined up to 10% of its worldwide turnover That "up to" makes me nervous that 10% won't happen, but I love the idea of smacking companies with real fines for not complying / maliciously complying with laws.
It wont happen immediately. Fines will likely happen in the same way that they have for the GDPR violations, which are effectively doubling for every major offence, and are now up to 1.2bn EUR in the case of Meta, for example.
Re: EU rejects Apple's changes: Company could be fined 10% of global turnover
#9> could be fined up to 10% of its worldwide turnover That "up to" makes me nervous that 10% won't happen, but I love the idea of smacking companies with real fines for not complying / maliciously complying with laws.
Frankly even 1 % of their worldwide turnover would be a huge slap in the face.
Re: EU rejects Apple's changes: Company could be fined 10% of global turnover
#10wow, 38B could really impact them. Maybe they'll stop the malicious compliance scheme then
I wonder what lawyer at Apple thought that the EU would not investigate Apple's malicious compliance, or Apple has done this to see how far the EU will go.
This isn't US legislation where you can find loopholes, EU legislation prohibits malicious compliance and not following "the spirit" of the law, the latter Apple has publicly admitted to doing.