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> This is Google's third EU antitrust fine. Previously, the search giant was fined in a shopping case and an online advertising case. Apparently, "three strikes and you're out" only applies to individuals, who with a repeat offense of this magnitude would have their lives destroyed by the justice system, and get locked away for a decade or more.
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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Its true that some of it gets stolen by local corruption but overall this is the source of many good things that folks can actually see around them, in places that wouldn't get any otherwise.
What amount would these EU fines have to be to make companies like Google and Facebook decide to exit the EU?
That’s 1.45% of their annual revenue or 5.2% of their annual net profit.
Which is essentially nothing. Imagine an individual, caught committing an illegal act of this magnitude for the third time , being fined 1.45% of their annual pre-tax salary, with no other consequences. Speeding tickets are costlier than this in many jurisdictions.
Quite lucrative.
> Android has created more choice for everyone, not less Did it? I can choose between an iOS phone and an Android phone. I may be able to choose from different manufacturers on the Android side, but on the software side there are just two options.
> This is Google's third EU antitrust fine. Previously, the search giant was fined in a shopping case and an online advertising case. Apparently, "three strikes and you're out" only applies to individuals, who with a repeat offense of this magnitude would have their lives destroyed by the justice system, and get locked away for a decade or more.
I don't think three-strikes laws exist anywhere other than in the US to be honest.
There's even judges who love baseball so much they quote it in opinions lol.
> This is Google's third EU antitrust fine. Previously, the search giant was fined in a shopping case and an online advertising case. Apparently, "three strikes and you're out" only applies to individuals, who with a repeat offense of this magnitude would have their lives destroyed by the justice system, and get locked away for a decade or more.
> This is Google's third EU antitrust fine. Previously, the search giant was fined in a shopping case and an online advertising case. Apparently, "three strikes and you're out" only applies to individuals, who with a repeat offense of this magnitude would have their lives destroyed by the justice system, and get locked away for a decade or more.
We really need the equivalent of jail time for companies. Clearly after a certain size, fines do not cut it. Jailing executives is too hard, so laws should exist that remove the company from a market for x years or something, like if they were in a cell.
Do you mean "too difficult" or "too bigger punishment"? Either way, I disagree. If they reap the reward of huge salaries, they ought to take some of the risks.
> Android has created more choice for everyone, not less Did it? I can choose between an iOS phone and an Android phone. I may be able to choose from different manufacturers on the Android side, but on the software side there are just two options.
Before I could choose the same manufacturers but things were tied to those. I knew if I switched from Nokia to Sony for example, it would be completely different. In a way Android resulted in the choice to switch between manufacturers to be painless. Realistically, now you can choose whatever non apple device you want and know everything will continue to work.