Comment by sigmoid10
9 hours ago
Google just got hit by yet another record antitrust fine by the EU [1]. But as long as they see these fines as cost of doing business, nothing will change. Especially if it always takes almost a decade to push this through the judicial system. Their net income last year alone was $130 Billion.
[1] https://www.reuters.com/world/eu-top-court-dismisses-google-...
Eh, that is if they pay. Trump already made threats for tariffs in regards to those fines.
Which is a federal sales tax against the citizens of the United States countries abroad do not pay no matter how many times taco lies.
You're splitting hairs in this case, while that's unquestionably true, it's irrelevant if there tariffs are only set on one party.
That's why Trump's tariffs on everything was so ... Uh ... "Interesting". If only one party gets the tariffs, you end up with other parties selling the goods instead, which does cause meaningful damage to the tariffed party
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The EU shouldn't be regulating Google like this.
The US should.
The DOJ brought an antitrust case against Google… and won.
Then the judge pretty much decided “no consequences”.
It was the lamest excuse ever.
Something like, "I'm worried about impairing Google's ability to compete in AI" or some nonsense. (Paraphrasing here.)
Looks like all it takes to compete in AI is to issue stock or get a bunch of investors. I don't see how Google would struggle with that. It's completely orthogonal to antitrust enforcement.
Why not both? Countries should be able to signal which business practices are undesirable.
The EU can't realistically bring Google to its knees. The US could.
I say that as a European that's very much in favor of government intervention to fix market distortions.
Yes, laws are laws but one affects a branch, the other a root.
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Hopeless. US already lost against corps. And that will be their downfall.