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Google and Apple lose their court fights against the EU and owe billions in fines (abcnews.go.com)

submitted 1 month ago by return2ozma@lemmy.world to c/technology@lemmy.world

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[–] rand_alpha19@moist.catsweat.com 67 points 1 month ago (1 children)

I'm glad that corporations are actually receiving fines that are commensurate with their earnings and scale. Hopefully it's enough to get them to not do this shit.

[–] Railcar8095@lemm.ee 10 points 1 month ago (1 children)

This is still a footnote on their quarterly reports. These are multi trillion companies.

[–] rand_alpha19@moist.catsweat.com 5 points 1 month ago

You say that like I'm unaware - maybe I should needlessly remind you that most of these fines are generally in the millions of dollars. A step in the right direction is not a bad thing.

Regardless, I'm not sure shareholders will think of it that way if the anti-trust practices continue and the fines accrue. The EU likes to be punitive when their orders are ignored.