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Apple and Meta fined millions for breaching EU law

ca.finance.yahoo.com

291–300 of 635 posts

Re: Apple and Meta fined millions for breaching EU law

#291

Earlier quoted context omitted.

Extortion is a stretch. Nobody is being forced to use these services.

Tell that to the embedded Facebook trackers ubiquitous throughout the web

> embedded Facebook trackers

And most social trackers and google analytics, and adsense, and most captcha alternatives or stripe anti fraud scripts.

People have sold their audience to FAANG for 2 decades now.

And let's not think too much about the Android and iOS ecosystems (phone, TV, "assistants" etc.).

Re: Apple and Meta fined millions for breaching EU law

#292
post #102

Earlier quoted context omitted.

US companies are free to not operate in Europe. There's nothing special about US software engineering vs. software engineering made elsewhere from a purely technical and know-how point of view. The key difference is availability of capital and appetite for risk that make US exceptional by enabling a speed of scaling and execution not possible anywhere else (well, other than China). If US companies that can't be bothe…

Perhaps the same regulations that US companies keep running afoul of are the regulations that prevent European investors from putting money behind European startup competitors. The EU has some extremely strong consumer protection laws, which is excellent for consumers, but it comes with downsides too.

> Perhaps the same regulations that US companies keep running afoul of are the regulations that prevent European investors from putting money behind European startup competitors.

Nah, it's all the capital which gets invested into the US caused by the dollar's role in international payments that drives the US exceptionalism is tech.

Like, 65% of world equity value relates to 4% of the world population. That's not sustainable long-term, and if something cannot go on forever, then one day it will stop (and we might be seeing that start to happen now).

Don't get me wrong, the US market has a bunch of advantages (large, one language, standard regulation) but it's mostly all the capital sloshing around that drives the outperformance of the US tech companies.

Re: Apple and Meta fined millions for breaching EU law

#293
post #22

I hope this will make Apple finally comply with EU law and allow app side loading on iOS. Real side loading, not the joke they implemented since iOS 17.

Generally, as a society, we hold that a contract cannot be modified without both parties’ agreement. When you bought that phone, it was with the completely clear, overt, and in no way uncertain understanding that it does specifically X Y Z, and does not do A B C. Now, without additional payment to the counterparty, you’re demanding your phone do A B C. What am I missing? According to accepted understandings of contracts, how are you possibly in the right? How are you possibly in a position to demand government use force to modify a contract you accepted before to somehow benefit you more at a cost to your counterparty?

Re: Apple and Meta fined millions for breaching EU law

#295

Earlier quoted context omitted.

> "pay or consent" advertising model, Wait, so the EU has made it illegal to sell a paid service while also offering an alternative where the user pays via seeing ads?

Under the GDPR, it’s illegal to treat PII like currency. You can’t gate a service behind PII consent.

Whack. Let consumers and sellers decide what to do with their own data

Re: Apple and Meta fined millions for breaching EU law

#296

> while Meta drew a penalty of €200 million for its "pay or consent" advertising model, which requires that European Union users pay to access ad-free versions of Facebook and Instagram Wait, isn't pretty much all web content is like this nowadays? You have to buy youtube premium to avoid ads, how is it different?

Pay or have your information harvested and sold. Its extortion.

You must be either broke and/or paranoid. If it matters to you, pay up. If it doesn't, you get to use a service for free.

Re: Apple and Meta fined millions for breaching EU law

#297
post #22

I hope this will make Apple finally comply with EU law and allow app side loading on iOS. Real side loading, not the joke they implemented since iOS 17.

Generally, as a society, we hold that a contract cannot be modified without both parties’ agreement. When you bought that phone, it was with the completely clear, overt, and in no way uncertain understanding that it does specifically X Y Z, and does not do A B C. Now, without additional payment to the counterparty, you’re demanding your phone do A B C. What am I missing? According to accepted understandings of contra…

Parts of the contract can be illegal, this is completely within the power of the EU to enforce a crackdown on illegal contracts.

Re: Apple and Meta fined millions for breaching EU law

#298

> Apple faces a €500 million fine for breaching the regulation’s rules for app stores, while Meta drew a penalty of €200 million for its "pay or consent" advertising model, > The procedural fines fall short of the two giant penalties issued by the EU executive under its antitrust laws last year: €1.8 billion to Apple for abusing its dominant position while distributing music streaming apps, and €797 million to Meta f…

> "pay or consent" advertising model, Wait, so the EU has made it illegal to sell a paid service while also offering an alternative where the user pays via seeing ads?

No. They just made it illegal for Meta specifically to do it, and they’re reserving judgment for anyone else on their hit list covered by the DMA. The DMA is not neutral laws on neutral principles despite the PR and the extra layers of indirection, it targets American and Chinese companies specifically because that’s what it was designed to do.

Re: Apple and Meta fined millions for breaching EU law

#300

Earlier quoted context omitted.

It’s funny to see a “share this page on Facebook” option at the bottom of the press release.

EU comission has been fined for breaching GDPR they designed themselves https://www.reuters.com/world/europe/first-eu-court-fines-eu...

A government that is not above its own laws. Surprisingly difficult for some people here to appreciate.
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