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€1.2B GDPR fine for Meta

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Re: €1.2B GDPR fine for Meta

#21

Post by croes »

oaiey wrote: post #12
hunglee2 wrote: post #4

"The current conflict between EU privacy laws and US surveillance laws are also a problem for all other large US cloud providers, such as Microsoft, Google or Amazon" Globalised tech companies caught in the middle here, hard to see how they can continue to service global markets without a huge per-country localisation effort. Ones that could do it will increase cost (passed onto users of course), those that cannot wi…

Yes indeed. If you do business in a country, adhere to the rules of this country. Simple. True globalization (one global rulebook) is a probably not to achieve, considering all the different aspects of societies in this world (degree of capitalism, degree of privacy, degree of social class responsibility, degree of liberal society, degree of ...). The G7 countries (aka US, EU, JP, Australia) are lucky to have a rough…

Not simple because the US CloudAct contradicts EU GDPR

Re: €1.2B GDPR fine for Meta

#24

Post by matsemann »

capableweb wrote: post #17
avianlyric wrote: post #16

Earlier quoted context omitted.

Last I checked the US government taxed US corporations based on profits. One would assume that if US corporations are making less profit due to fines, then they’re also paying less taxes to the U.S. government.

Generally I don't think you count profits that never happened as "cost to the taxpayer". What if Facebook spend 2B USD on a product that was supposed to be wildly successful, but it failed big time, does that count as "costing the US tax money" as they never made the profit they could have made?

The point you're missing here is that it's US regulations ("we can look at your customers' data at any time and you can't even notify them") that makes it so that US companies are losing lots of money and customers from the EU. So it's not a company making a wrong bet or so. It's companies being directly hampered by their connection to the US.

Re: €1.2B GDPR fine for Meta

#26

Post by PedroBatista »

0zemp2c wrote: post #18

[flagged]

Yes, it probably will get down-voted but because of all-encompassing statements like "the EU has no digital economy, they know it, and their citizens don't want to be without US tech" and "make Euro citizens choose - the apps they like, or EU bureaucracy", not because the EU "woke" skinny jeans wearing mob controls HN and wants to make you a freedom loving martyr.

Re: €1.2B GDPR fine for Meta

#27

Post by christkv »

avianlyric wrote: post #16
capableweb wrote: post #13

Earlier quoted context omitted.

Is Meta a government entity now? Last time I checked, it was a public for-profit company, the money they pay the fine with is money they extracted from other companies, not from the government itself.

Last I checked the US government taxed US corporations based on profits. One would assume that if US corporations are making less profit due to fines, then they’re also paying less taxes to the U.S. government.

That income is never repatriated and just sits in offshore accounts to avoid paying us taxes.

Re: €1.2B GDPR fine for Meta

#29

Post by hnbad »

0zemp2c wrote: post #18

[flagged]

Oh no, what will the EU ever do without ... Meta?

You're not being downvoted because people don't like what you have to say, you're being downvoted because your grandstanding demonstrates a lack of knowledge of basic economics and legal knowledge.

The company at stake here is not Meta Platforms in the US but Meta Platforms Ireland Limited in the EU, a subsidiary. That company exists for tax avoidance reasons but it's the company operating every Meta app in the EU according to its apps' EU terms of service.

How about US companies get to choose - keep abusing the human rights of their users, or continue to operate and do business in a Western market with 440 million consumers.

Of course the CLOUD Act and its harmful consequences to international trade for American online services companies are another topic but I doubt you're defending the warrantless secret surveillance that one enables.

Re: €1.2B GDPR fine for Meta

#30

Post by rmm »

matsemann wrote: post #11

> “It took us ten years of litigation against the Irish DPC to get to this result. We had to bring three procedures against the DPC and risked millions of procedural costs. The Irish regulator has done everything to avoid this decision, but was consistently overturned by the European Courts and institutions. It is kind of absurd that the record fine will go to Ireland - the EU Member State that did everything to ensu…

Wait. 10 years?

So $120m/year fine?

That’s a rounding error

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