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Swedish court says Google is to pay $1.5B to Klarna in antitrust damages

reuters.com

111–120 of 135 posts

Re: Swedish court says Google is to pay $1.5B to Klarna in antitrust damages

#111
post #60

Earlier quoted context omitted.

Quite. At least Google delivers some value to society, despite being mostly evil. Klarna is exclusively parasitic, getting people needlessly into debt and pushing a buy now pay later mentality for luxury products.

And burritos

A local pizza place here in sweden puts leaflet in my mailbox and yes you can order pizza and pay with klarna

Re: Swedish court says Google is to pay $1.5B to Klarna in antitrust damages

#112
post #91

People aren't going to like this, but taking a page from Apple, Microsoft, Sony (iPhone, Xbox, Playstation), the solution to constant antitrust charges stemming from competitors on your platform....is to kick them off the platform. You can't be anti-competitive if you have no competitors.

That is even more obviously anti-competitive. Not that we've seen any effective enforcement against it...

Epic games sued both Apple and Google for anti-competitive behavior on the respective platforms.

Google was ruled a monopoly, Apple was not. Every took notes.

Re: Swedish court says Google is to pay $1.5B to Klarna in antitrust damages

#113

The problem is Google/Apple and these people that self-identify as platforms" should probably divest from providing any 1st party services on their "platforms".

What Europe needs to do is actually compete. China appears to be successfully competing so much so in certain areas the United States had to ban certain things.

There is no reason why there can’t be a search engine or any other major service or hardware system originating from Europe other than all the red tape, the EU puts in the way they kill small companies before they even get a chance to get bigger You can’t come up with a new idea and monetize it if you have to make it open to everyone from the start.

Arm processors, for example, originated in the EU, the EU, or I should say Europe, has Linux, and there have been other pioneering forms of technology and software and hardware over the years, but the environment in the EU kills off small companies. You can’t share everything at the beginning of a company’s life.

I’m still waiting for Linux on the desktop, Linux running on Arm computers sold by a company with both hardware and software working together as one in a user-friendly manner to the average person, you go to a store or you go online, you buy it, you take it home, you use it. On day one, within the first ten minutes of plugging it in, there really is no excuse.

After thirty-five years, of not having something workable for the average person to use, and there again, I don’t mean what is currently out there which is nothing, And no, it’s not Apple’s responsibility or Nvidia or AMD to make that happen where is that new European start-up up?

Forcing companies of any size to give free infrastructure rides isn’t the way to compete in any industry.

Re: Swedish court says Google is to pay $1.5B to Klarna in antitrust damages

#114
post #26

Earlier quoted context omitted.

All of the free services are just part of the ad sales funnel. Never forget, the consumer never benefits, they are only the cattle to be fattened up. Them not launching in Europe gives the local market a chance to build up its own players. China was very successful in this thanks to the Great Firewall.

>Them not launching in Europe gives the local market a chance to build up its own players Exactly! This is what is genius about Trumps tariff strategy, as you correctly point out. Blocking Chinese EVs gives a chance to bully up local players.

local players in Europe or the United States have had 50, 60 years to build up to compete, Ford and GM in the United States, and Chrysler when they were around, didn’t learn anything after the oil embargo in 1972, 73.

They just continued on making bad cars, making no improvements, not adjusting to the new environment, other than begging the government to save them., US steel was the same way. Note the executives at the top of all these companies had no hesitation in blaming their workers on the production line for all their troubles.

The game plan is still not to compete. I sometimes wonder, I should say I believe that no one at Ford or GM at the top even cares about cars. There doesn’t seem to be any love whatsoever. It’s just another MBA at the top making a commodity.

One thing Europe has going for them is that there are a few car companies in Germany and Italy that seem to still care about the joy of driving, of making a good car, although that seems to be disappearing too.

Re: Swedish court says Google is to pay $1.5B to Klarna in antitrust damages

#115
post #113

The problem is Google/Apple and these people that self-identify as platforms" should probably divest from providing any 1st party services on their "platforms".

What Europe needs to do is actually compete. China appears to be successfully competing so much so in certain areas the United States had to ban certain things. There is no reason why there can’t be a search engine or any other major service or hardware system originating from Europe other than all the red tape, the EU puts in the way they kill small companies before they even get a chance to get bigger You can’t com…

The actual reason for China success is a lot more red tape, whenever an American or European company wants in. Oftentimes, allowing them in only if they give up trade secrets and technologies. To be like China, EU needs to go harder against American companies and then use it as a bargaining chip.

Also, Europe does not have Linux. It does not own it and linux is not exclusive to Europe.

Re: Swedish court says Google is to pay $1.5B to Klarna in antitrust damages

#116
post #76

Earlier quoted context omitted.

But does that apply to shopping? I have often had a look at Google shopping results but very rarely clicked one. I think when searching for an answer ai assist is often sufficient but not for where you are buying?

> I have often had a look at Google shopping results but very rarely clicked one. Pretty sure that tab is all ads, so its all garbage, in some cases some of the results look like scams.

It's not all ads. Indeed it's mostly not.

Re: Swedish court says Google is to pay $1.5B to Klarna in antitrust damages

#117
post #97

So what is the resolution supposed to be? Randomize the results whenever a user searches for a vague product category that is also something that Google provides? The article is pretty light on detail about what "favoring their own service" actually meant. Just that it appeared above Klarna's when a user searched BNPL? It all seems vague and hard to cure. The algorithm is typically very good at surfacing the least sh…

I think the ideal solution is to split up google. And google shouldn't give any special treatment to their own products when ranking search results. That said, a price comparison tool is essentially a specialized search engine, and it makes a lot of sense to gather price comparison information while indexing for search, and I don't think having price comparison built in to a search engine is necessarily a bad thing.…

Google would say they aren't preferencing their product. They are preferencing the merchants who actually sell the products over middlemen who try to extract rents from said merchants. Because they put free links to merchants' product pages in search results.

TBH it's the same as Google not linking to other search engines' result pages in its search results. Why would it, when it can link directly the content the user wants?

Re: Swedish court says Google is to pay $1.5B to Klarna in antitrust damages

#118
post #91

People aren't going to like this, but taking a page from Apple, Microsoft, Sony (iPhone, Xbox, Playstation), the solution to constant antitrust charges stemming from competitors on your platform....is to kick them off the platform. You can't be anti-competitive if you have no competitors.

That is even more obviously anti-competitive. Not that we've seen any effective enforcement against it...

No? Apple in the EU?

Re: Swedish court says Google is to pay $1.5B to Klarna in antitrust damages

#119

Earlier quoted context omitted.

IMO the fines do have an effect - Google now withholds a lot of launches from the EU, sometimes temporarily until they have time to have lawyers check them against DMA requirements, but mostly permanently. Ironically the part of Google most likely to persist in launching for the EU is Ads, since money is at stake. All the free, consumer-benefiting services are most likely to be curtailed in the face of aggressive reg…

> All the free, consumer-benefiting services If they stop providing value to users, they are putting their ad business at risk. It's never free, providing value to share holders is a top priority.

There are also all the free services that just build goodwill. Those are the most at risk. Of course the "ad carriers" are treated better, since again money is on the line. But any non-essential. feature thereof is also potentially killable.

Re: Swedish court says Google is to pay $1.5B to Klarna in antitrust damages

#120
post #97

Earlier quoted context omitted.

I think the ideal solution is to split up google. And google shouldn't give any special treatment to their own products when ranking search results. That said, a price comparison tool is essentially a specialized search engine, and it makes a lot of sense to gather price comparison information while indexing for search, and I don't think having price comparison built in to a search engine is necessarily a bad thing.…

Google would say they aren't preferencing their product. They are preferencing the merchants who actually sell the products over middlemen who try to extract rents from said merchants. Because they put free links to merchants' product pages in search results. TBH it's the same as Google not linking to other search engines' result pages in its search results. Why would it, when it can link directly the content the use…

Google is a middle man extracting rents from the merchants. I'm pretty sure merchants that pay for google ads get preferential treatment in google shopping results. Is it any worse than PriceRunner? Probably not, although I haven't used PriceRunner so I don't know.
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