Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

EU approves legislation to regulate Apple, Google, Meta, and other tech firms

macrumors.com

Post reply on HN
Print view View original

101–110 of 930 posts

Re: EU approves legislation to regulate Apple, Google, Meta, and other tech firms

#101

Post by Zenst »

nojito wrote: post #31
carlycue wrote: post #29

Music to my ears. Apple is a junkie that's addicted to the App Store & services revenue. By opening up their walled garden, it forces them to be more proactive to regain some of that lost revenue. I guarantee the car, the AR/VR and their other underdeveloped products would've progressed so much faster if Apple depended on new product categories to grow their revenue. Right now, they're feeling too cozy.

Imagine thinking that punishing success is the way to go. Europe loves propping up failing companies and industries. Not very surprising that they would go after a company with barely a 30% share of the market.

Well it will be a source if fines that they love, which will be handy in paying all those subsidies they are giving other large companies like Intel to build a fab.

Just wished they were proactive about such things instead of letting them fester on in the public eye's for years, but then - how would they make all that lovely income from large fines and PR.

Re: EU approves legislation to regulate Apple, Google, Meta, and other tech firms

#102

Post by izacus »

ericmay wrote: post #67
izacus wrote: post #28

Earlier quoted context omitted.

And now you'll be able to choose WHILE still keep using iOS which is much better for you as a consumer. This being bad for "regular people" is typical monopolistic corporate scaremongering. Apple has proven that they're more than capable of providing secure devices that provide choice with their MacBook series.

Kind of. So the primary issue is that Apple collectively bargains on behalf of customers against developers. So if you take something like privacy rights, Apple can say "hey, we've got all of these users and if you want to participate in the ecosystem you have to not track their data" - as an example. Now what happens is that companies like Facebook and others who really want to get your data without that pesky Apple…

Apple has completely forgotten their privacy bargains in China when their profits were threatened. They've also special-cased their own Ad data collection (a business that's growing in revenue) to be opt-out. So your trust in Apple collectively bargaining in your interest is misplaced because they ALREADY haven't proven themselves to be trustworthy (and they repeatedly lied and misled in their marketing and court hearings when it trusted them). They're an unaccountable and unelected corporation, not a government.

I prefer to put my trust in "collectively bargained" and voted for GDPR (and similar) legislation which affects all apps, all corporations. This gives us both choice (critical for freedom), market competition (critical for healthy economy and society - growing up in socialist single-choice markets wasn't fun) AND privacy across the board.

I honestly don't understand your penchant to cross your fingers and hope a for-profit corporation will protect you over actually ensuring they do via privacy legislation.

Re: EU approves legislation to regulate Apple, Google, Meta, and other tech firms

#103

Post by Zenst »

superb-owl wrote: post #5

This is huge. Forcing Apple to allow app side-loading, third-party payments, etc is going to wrest away control of the iOS ecosystem (and eat pretty heavily into their revenues [1] [1] https://www.cnbc.com/2022/01/10/apple-implies-it-generated-r... I hope some of these regulations spill over into the U.S. and the rest of the world.

Oh, I'm sure Apple can drag this out for years and year in the courts lobbing health and safty arguments etc.

Re: EU approves legislation to regulate Apple, Google, Meta, and other tech firms

#104

Post by waffleiron »

caramelcustard wrote: post #76
Bayart wrote: post #43

Earlier quoted context omitted.

Considering corporate « success » in a capitalist environment amounts to the accumulation of wealth and power outside of the commons, yes, it's absolutely the way to go.

"...amounts to the accumulation of wealth and power outside of the commons..." Considering that we're talking about a publicly traded company, "the commons" (as you decided to label them) have the ability to purchase stocks (the right to recieve a certain percentage of in of the aformentioned company as well as voting power). The legislation doesn't address anything regarding stocks and if anything, it requires compa…

> "the commons" (as you decided to label them)

This is a defined term and doesn't mean a group/class of people (as you seemed to have interpreted it).

https://en.wikipedia.org/wiki/Commons

Re: EU approves legislation to regulate Apple, Google, Meta, and other tech firms

#105

Post by Youden »

988747 wrote: post #8
superb-owl wrote: post #5

This is huge. Forcing Apple to allow app side-loading, third-party payments, etc is going to wrest away control of the iOS ecosystem (and eat pretty heavily into their revenues [1] [1] https://www.cnbc.com/2022/01/10/apple-implies-it-generated-r... I hope some of these regulations spill over into the U.S. and the rest of the world.

I wonder if it would make more financial sense for Apple to withdraw from EU market, rather than complying. The numbers for 2021 are pretty much in line: $89B - Apple sales in Europe (including some non-EU countries, most notably UK) $85B - Apple AppStore revenue worldwide. The question is: which one has more potential for growth.

How could it make more financial sense to withdraw?

As long as Apple keeps selling iPhones, there's still profit to be made, App Store be damned.

Re: EU approves legislation to regulate Apple, Google, Meta, and other tech firms

#108

Post by izacus »

oneoff786 wrote: post #94
VyseofArcadia wrote: post #85

I really hope Sony and Nintendo are classified as gatekeepers as well because this > Allow users to install apps from third-party app stores and sideload directly from the internet. would be huge for Playstation and Switch owners.

It might kill off consoles entirely tbh

Not even close.

Re: EU approves legislation to regulate Apple, Google, Meta, and other tech firms

#109

Post by hamandcheese »

s1k3s wrote: post #89

I can't make up my mind if this is good or bad. On one hand, FAANG has a huge advantage over anyone else on the market, but they did build that product and they did spend their own money to do it. I'd be curious if there are any other occurrences in history of something so big ending up regulated by the government?

Apple has benefited fabulously for well over a decade. And I’m sure the EU will remain a profitable market even with these regulations in place.

With these changes, Apple will go from being one of the richest companies in the world to… still one of the richest companies in the world.

Re: EU approves legislation to regulate Apple, Google, Meta, and other tech firms

#110

Post by s1k3s »

hamandcheese wrote: post #109
s1k3s wrote: post #89

I can't make up my mind if this is good or bad. On one hand, FAANG has a huge advantage over anyone else on the market, but they did build that product and they did spend their own money to do it. I'd be curious if there are any other occurrences in history of something so big ending up regulated by the government?

Apple has benefited fabulously for well over a decade. And I’m sure the EU will remain a profitable market even with these regulations in place. With these changes, Apple will go from being one of the richest companies in the world to… still one of the richest companies in the world.

Yes sir, I get that. My point was they’re there for a reason. They must be doing something right.
Post reply on HN