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EU fines Apple 500M euros, Meta 200M euros for breaking competition rules | CBC News (www.cbc.ca)
submitted 1 year ago* by to c/world@lemmy.world
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[–] 10 points 1 year ago

A friend of mine used to sell weed. His ex ratted him out and he got busted, weed was taken and he got a fine.

"So what are you going to do now?"

"Well, now I just have to sell a little more next month to pay my fine."

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    [–] 7 points 1 year ago

    For the 12 hours it takes them to make that money back, their c-suites will be fuming.

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    [–] 7 points 1 year ago (1 child)

    This is a cost of doing business for them. Make the fines actually proportional and ongoing until they stop breaking the laws

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  • [–] 6 points 1 year ago

    It’s a warning, with the aim of getting them to comply with EU rules. Not a punishment to put them out of business. But repeat offenders can get repeat fines, up to 10% of global revenue (not profits) which is not a cost of business most companies can ignore.

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