EU fines Apple 500M euros, Meta 200M euros for breaking competition rules | CBC News (www.cbc.ca)
from CowsLookLikeMaps@lemmy.ca to world@lemmy.world on 23 Apr 2025 15:30
https://lemmy.ca/post/42776874

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Bishma@discuss.tchncs.de on 23 Apr 2025 16:09 next collapse

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

als@lemmy.blahaj.zone on 23 Apr 2025 16:34 next collapse

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

Docus@lemmy.world on 23 Apr 2025 18:30 collapse

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.

Rocketpoweredgorilla@lemmy.ca on 23 Apr 2025 16:45 collapse

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.”