No they won't but okay.
Europe is in danger of regulating its tech market out of existence
361–370 of 761 posts
Re: Europe is in danger of regulating its tech market out of existence
#362I wish targeted advertising was made completely illegal here, I am sure our society would greatly benefit from that.
I have some excellent news for you about the legality of targeted advertising under the GDPR. The GDPR is very clear about this. Advertising is not a legitimate interest or a functionally-required data processing, ergo, it may only be done with user consent. And that user consent may not be coerced in any way at all , you may not even refuse access to services if users reject their data being used. It's taking a whil…
[flagged]
Re: Europe is in danger of regulating its tech market out of existence
#363Earlier quoted context omitted.
Except EU doesn’t have big tech.
Anything that gets close gets bought or killed by non-european giants. Tencent buys basically all game companies, microsoft buys basically all communication companies (skype, nokia come to mind), google buys basically everything. Even ARM is owned by Softbank after starting out in the UK. The Automotive industry and ASML are just about the only things resistant to this because they're so large already; Automotive act…
They can't buy anything unless Europeans are willing to sell.
Re: Europe is in danger of regulating its tech market out of existence
#364Earlier quoted context omitted.
For what is worth, I think Meta is lying about it, or at least playing the victim card too strongly. > They’re demanding that Meta provide free full services without personalized ads or a monthly fee for users. Meta is being sued because their paid plan is not honest - they are currently asking for 10€/month which is disproportionate - for comparison, a Business Standard Google Workspace account with 2Tb and Gemini c…
The price looks reasonable to me after looking at the average revenue per user. https://www.statista.com/statistics/234056/facebooks-average...
I don't think reasonable prices are based on what the potential maximum profit per user is. Normally it's based on the expense per user plus a percentage for profit.
Re: Europe is in danger of regulating its tech market out of existence
#365Earlier quoted context omitted.
EU didn't go into an uncontrolled spree investing every company that had .com in its name and ruined thousands of lives and wasted billions of dollars. EU usually doesn't let companies to grow uncontrollable sizes that the government is completely controlled by them not the citizens. The existence of Big Tech means that the government did a very poor job in protecting the consumers and the free and fair market
> EU didn't go into an uncontrolled spree investing every company that had .com in its name and ruined thousands of lives and wasted billions of dollars. This is the thing that so many Americans in tech don't seem to understand. VC Twitter is full of smugposting about how the US has "$5 trillion market-cap of startups" and the EU doesn't. And what they miss is that the EU doesn't want Silicon Valley. It doesn't want…
AAPL's profit is roughly equivalent to the GDP of Slovakia.
Re: Europe is in danger of regulating its tech market out of existence
#366Earlier quoted context omitted.
I’m living in Europe, I'm deeply disappointed by the current situation. The problems run much deeper than just regulations; they extend far beyond politics. 1. VCs outright avoid investing in deep tech, with only rare exceptions. 2. Founders overwhelmingly choose to build small, sustainable companies, steering clear of big tech. 3. Employees consistently prefer consulting jobs and value vacation days over equity. 4.…
from a personal and social perspective, I see nothing wrong with it. In fact, even in the EU we still ahve a lot of BS startups. We imo need more sustainable businesses, that value actual societal value/value to consumers or businesses over growth and shareholder value.
[flagged]
Re: Europe is in danger of regulating its tech market out of existence
#367Earlier quoted context omitted.
> Every large company in every industry wants to do this. And the point of regulation is to stop it and bring balance. Or are you happy with mono-/oligopolies?
I'm fine with regulation to prevent monopolies / duopolies. In practice, regulation almost never actually does that. Every major industry is a monopoly or duopoly if you're even a bit generous with the term. I'm just pointing out there is nothing unique here with tech or data. And the politics are mostly theater that often makes things more monopolistic, not less.
I think you're making a mistake confusing the way things are today in terms of market concentration with the way things were in the past. In terms of market concentration in the US at least, things were massively different even 20 years ago.
Adding a link to the Boston Fed report on it from a couple years ago: https://www.bostonfed.org/publications/current-policy-perspe...
Re: Europe is in danger of regulating its tech market out of existence
#368Did I miss anything?
Subtitle says "Poorly designed laws are forcing global firms to leave." I didn't see anything in the article that elaborates on the "poorly designed" part or any company that is forced to leave. Instead, the article uses a number of totally irrelevant examples to argue... nothing. I am really confused.
Re: Europe is in danger of regulating its tech market out of existence
#369Earlier quoted context omitted.
Nobody is against regulation that disfavors large incumbents to support competition instead. You'll struggle to find people who are against the Digital Markets Act for this reason. It literally only targets the potential monopolists. However, virtually every other piece of regulation does the opposite. Regulation usually gets trotted out after the downside of doing [new innovation] is experienced. This always happens…
Specifically with AI I don’t want to experience the downside of innovation before we regulate because of how wide spread its use already is, and it’s problems have already become apparent. For example, it’s being used to job screen applicants even though we have proven that AI models still suffer from thing like racial bias. Companies don’t disclose how their models are trained to negate bias or anything like that ei…
[dead]
Re: Europe is in danger of regulating its tech market out of existence
#370I might be talking out of my depth, as I don’t live in Europe, but I’ve heard the same paraphrased headlines like these since at least 2016. Has status quo been swayed one way or another since then? Theoretically speaking, wouldn’t legislating away the top US players open the market to the local companies a la Naver in SK, WeChat in China or Line in Japan? I understand I’m dumbing it down, but assuming such legislati…
I don't get this article. Title is "Europe Is in Danger of Regulating Its Tech Market Out of Existence". But then the subtitle says "Poorly designed laws are forcing *global firms* to leave." (emphasis mine) Then you see a picture of an Apple Vision Pro. I've only skimmed through the article and there are 11 mentions of Apple and 12 mentions of Meta, then some mentions of X and such. These aren't even "global" firms,…
Same. I didn't see any explanation or example about "poorly designed" or "leave". And yes Vision Pro is completely irrelevant and very confusing. To me the entire article is just a well-formatted rant adapted from a random reddit post.