EU to charge Apple under Digital Markets Act, impose a fine of up to $50 million per day - GSMArena.com news (m.gsmarena.com)
from sabreW4K3@lazysoci.al to technology@beehaw.org on 15 Jun 05:46
https://lazysoci.al/post/14670868

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Zedstrian@lemmy.dbzer0.com on 15 Jun 06:20 next collapse

Good on the EU for supporting consumer rights over corporate profits.

Beaver@lemmy.ca on 15 Jun 06:54 next collapse

Man I love the EU

Knuschberkeks@feddit.de on 15 Jun 07:25 collapse

Sometimes. But sometimes (like next week for example) they are also trying to implement mass surveillance of all EU-Citizens’ private communication.

sleepybisexual@beehaw.org on 15 Jun 10:08 collapse

Eu is basically a bipolar legal monkey, sometimes they so something good. Other times they do chat control

speaker_hat@lemmy.one on 15 Jun 10:28 collapse

Paradoxically, due to these charges, EU profit from the consumer rights.

Eggyhead@kbin.run on 15 Jun 06:24 next collapse

Namely, the fact that Apple charges a "Core Technology Fee" for developers who want to "steer" users to offers outside of its App Store. There's also an additional 3% that goes to Apple if a developer uses its payment processor.

onlinepersona@programming.dev on 15 Jun 10:26 collapse

Hmmm… 18,250M per year or 18.25B per year. For a trillion $ company, that’s 0.18%. Wasn’t that supposed to be more?

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B0rax@feddit.de on 15 Jun 10:36 next collapse

In the article it says it is 5% of their global revenue each day. That is a lot of money, I have no doubt that they will fix it.

TexMexBazooka@lemm.ee on 15 Jun 11:51 collapse

You’re comparing their revenue to their stock market valuation. Apple to oranges.

onlinepersona@programming.dev on 15 Jun 12:03 collapse

Ah, I thought 1T was their revenue. My bad.

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Tja@programming.dev on 15 Jun 20:13 collapse

Even in that case, 18.25B is 1.8% of 1T, not 0.18%.

onlinepersona@programming.dev on 15 Jun 20:18 collapse

Correct. Brain added one 0 to the trillion 😅

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