where does the money from these fines go to? to the people affected or just gov coffers?
Goverment coffers fund public works.
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EU fines Google €890M for competition breaches over search and apps
81–90 of 199 posts
Re: EU fines Google €890M for competition breaches over search and apps
#82where does the money from these fines go to? to the people affected or just gov coffers?
These fines go toward the EU's general budget as "other income" which reduces the amount that member states must contribute annually for the budget to balance. So the EU partially funds itself by leveraging fines like this on AliExpress, Google, Meta, Apple, etc. and the trickle-down savings to member states is then (presumably) used to fund public works and social services locally.
Re: EU fines Google €890M for competition breaches over search and apps
#83[flagged]
Mistral and ElevenLabs seem to be doing pretty well. Also, here in the U.S., we’ve managed to screw up so badly on data privacy and basic rights that the EU has been systematically replacing their entire tech stack with sovereign components.
By what metric is Mistral competitive? And ElevenLabs is incorporated in the USA
Re: EU fines Google €890M for competition breaches over search and apps
#84I hope these fines will fund NLNet.
Re: EU fines Google €890M for competition breaches over search and apps
#85Earlier quoted context omitted.
this comment always comes up and it's _wrong_. The goal of the regulation is to get the operators to comply, which they usually do after fines (EDIT: and litigations and whining, of course), because the costs of infractions are increased if they don't comply.
If the cost of penalties doesn't exceed the cost of the offence then it's a winning move to offend. The correct solution to this is to have fines scaled to the value of a company and an exponential doubling of fines for every re-offence that falls under the same category of crime with a cooling off period after a few years.
The fines do scale with noncompliance, if Google were to continue to offend they would get a daily fine that is retroactively applied to the full duration.
Re: EU fines Google €890M for competition breaches over search and apps
#86[flagged]
Re: EU fines Google €890M for competition breaches over search and apps
#87Re: EU fines Google €890M for competition breaches over search and apps
#88Earlier quoted context omitted.
If the cost of penalties doesn't exceed the cost of the offence then it's a winning move to offend. The correct solution to this is to have fines scaled to the value of a company and an exponential doubling of fines for every re-offence that falls under the same category of crime with a cooling off period after a few years.
Because the goal isn’t to punish, it’s to get them to do what the law wants them to do. The fine is supposed to be a slap on the wrist - the actual desired behaviour is compliance
That is the incorrect way to apply fines.
The first fine should sting and the second should be damaging to a company and the third should be crippling.
The EU has been fining Google for years to no avail.
Re: EU fines Google €890M for competition breaches over search and apps
#89For Google this is just like parking tickets to UPS. A cost of doing business in town.
The maximum fine the EU can impose with the DMA is "10 % of its total worldwide turnover in the preceding financial year". I think this would hurt even Google. And I think a billion dollars is not nothing.
Last year Google had $400 billion revenue so it's a massive amount of money, and they are allowed up to 20% for repeat offenders!
Re: EU fines Google €890M for competition breaches over search and apps
#90Earlier quoted context omitted.
The maximum fine the EU can impose with the DMA is "10 % of its total worldwide turnover in the preceding financial year". I think this would hurt even Google. And I think a billion dollars is not nothing.
EU is just 1/20 of world population, why 10%? Seems dishonest. EU human valued 2x more of other human?
India is doing 10% as well.
The reasoning is very simple just "carry a big stick", multinational companies need to fear the fines to want compliance.