Re:Americans Own Less Stuff, and That’s Reason to Be Nervous
by _bxg1 on Tuesday August 14, 2018 @04:50PM
(#17761776)
They do a little bit, but in some cases the federal government has overruled them.
They would if it became unprofitable, between the fines and the costs of compliance. Google was recently fined $5 billion; that's a significant chunk of their annual revenue, of which Europe is probably a minority. Add onto that the cost of updating for GDPR, and the EU is pushing about as hard as they can afford to.
I'm not saying this is a reason for Europe not to take a strong position. I'm just saying their leverage is finite, and less than that of the U.S. government.
They would if it became unprofitable, between the fines and the costs of compliance. Google was recently fined $5 billion; that's a significant chunk of their annual revenue, of which Europe is probably a minority. Add onto that the cost of updating for GDPR, and the EU is pushing about as hard as they can afford to.
I'm not saying this is a reason for Europe not to take a strong position. I'm just saying their leverage is finite, and less than that of the U.S. government.