Comment by mentalgear
5 days ago
A good start, but far from enough regarding the societal damage (anti-competitive, anti-user, psychological harm especially of minors, proliferation of radicalisation) they did.
5 days ago
A good start, but far from enough regarding the societal damage (anti-competitive, anti-user, psychological harm especially of minors, proliferation of radicalisation) they did.
*insert Mike Myers One Million Dollars meme
they made more than the fine, so it's just reduced profit a little. mere higher cost of business and continue as usual.
The EU made a serious point that these are the first time they are issuing those fines as as such have capped them as a signal to show that they are serious but also that they aren’t taking the maximalist approach some in the US are accusing them of.
They can legally go for 10% of global revenue if I’m not mistaken as the top level of fines and both Apple and Meta would be wise to not find themselves as repeat offenders as a result.
The DMA fines are not supposed to be punitive damages, they're a tool to correct behavior, like the GDPR.
If Apple & co don't comply there are higher amounts that can be imposed, but the idea is that the companies will comply before that.