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Google loses EU appeal and is fined a record $4B

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Re: Google loses EU appeal and is fined a record $4B

#11

Post by athenot »

caldarons wrote: post #2

While I am in favour of efforts like the GDPR to protect users data, I wonder if all this anti-bigtech sentiment is actually justified and where it will eventually lead to

With a small fine, it's just an annoying cost of doing business. With this ruling, there's a possibility it may actually change the risk/benefit assessment for companies that insist on doing whatever they want with user data.

Maybe the lines of business which require promiscuous data sharing in order to be profitable will stop operating in the EU, and give rise to other business models. Whether these newer ones will be better or worse is not yet known, though the gamble in the EU is that it won't be worse.

Re: Google loses EU appeal and is fined a record $4B

#14

Post by xani_ »

caldarons wrote: post #2

While I am in favour of efforts like the GDPR to protect users data, I wonder if all this anti-bigtech sentiment is actually justified and where it will eventually lead to

Breaking the law that applies to is not a sentiment. The same law punished small companies too

Re: Google loses EU appeal and is fined a record $4B

#16

Post by yieldcrv »

typon wrote: post #9

What amount would these EU fines have to be to make companies like Google and Facebook decide to exit the EU?

probably 15-20% of annual revenue

its psychology, the board or ceo would react preemptively based on the idea that shareholders would react on their behalf

shareholders (if they have voting power at all) would react for the same result at higher fine amounts than that

Re: Google loses EU appeal and is fined a record $4B

#17

Post by WastingMyTime89 »

zmgsabst wrote: post #3
caldarons wrote: post #2

While I am in favour of efforts like the GDPR to protect users data, I wonder if all this anti-bigtech sentiment is actually justified and where it will eventually lead to

I expect some kind of: - common carrier status for “platforms” - PII laws, broadly

For your first point, that’s more or less what the Digital Market Act is and it was adopted in July. They call “platforms” “gatekeepers” but you got the idea of it. It should become enforceable by Q3 2023.

Re: Google loses EU appeal and is fined a record $4B

#18

Post by markdestouches »

RandomWorker wrote: post #13

That increases the budget of the eu parliament with 2.2% on a yearly basis if paid out in one go. [1082B for 2014-2020, 4B/1082B*6y~2.2%] A loss of 4B is a decrease of revenue by 1.5% for google. [googles revenue was 256B in 2021 4/256~1.5%]

Gives you a good perspective on how big google is and how much influence it potentially has.

Re: Google loses EU appeal and is fined a record $4B

#20

Post by davidguetta »

RandomWorker wrote: post #13

That increases the budget of the eu parliament with 2.2% on a yearly basis if paid out in one go. [1082B for 2014-2020, 4B/1082B*6y~2.2%] A loss of 4B is a decrease of revenue by 1.5% for google. [googles revenue was 256B in 2021 4/256~1.5%]

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