Amazon, Microsoft, Meta and others accused by rivals of not respecting new EU competition rules (www.cnbc.com)
from throws_lemy@lemmy.nz to technology@lemmy.world on 16 Jan 2024 14:09
https://lemmy.nz/post/5610740

#technology

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Gazumi@lemmy.world on 16 Jan 2024 17:45 next collapse

Accused? Probably evidenced sufficiently.

AshMan85@lemmy.world on 16 Jan 2024 18:50 next collapse

Regulate the monopolies

madeinthebackseat@lemmy.world on 16 Jan 2024 18:54 collapse

When you’re never held accountable, this is what you would expect, correct?

When they are penalized, the punishment only reinforces that the crime was a good decision.

diffusive@lemmy.world on 16 Jan 2024 20:08 collapse

Penalties for DMA is 10% of global turnover for first offense and 20% of global turnover for subsequent offenses and, eventually, further penalties like the prevention to acquire companies.

DMA is not a joke (and I <3 EU, DMA is a very balanced law aggressive on the big player and not impacting small players)

madeinthebackseat@lemmy.world on 16 Jan 2024 22:34 collapse

Let me know when the EU collects it. I have my doubts.

diffusive@lemmy.world on 17 Jan 2024 10:30 collapse

EU always escalate slowly. Eventually it enforces though (e.g., USB-C, GDPR).

Given the companies are almost all US based and US historically have been very defensive of their businesses (not only in IT) this seems a pretty reasonable approach for avoiding diplomacy escalations.

IMO DMA will be fully enforced in 3-4 years (and collecting some Billions here and there in the process). First in line for the few initial billions: Meta and Microsoft. We’ll see what comes next