Companies really should consult lawyers when expanding to a new country.

Those penalties don't always have exemptions for stopping service. In fact it might have the opposite to avoid trying to put political pressure by doing that.

Doesn't mean it is a regulated industry which is actually a very narrow term.

Remember you are generally required to follow regulations to collect sales tax which covers almost every company. That doesn't mean you are a regulated industry.

Medicine is a regulated industry. You can’t work as a doctor without an MD and good standing with the local licensing agency.

Banking is a regulated industry. You can’t start a bank without first asking permission. Your employees are held to higher standards than other industries, and with criminal repercussions for intentional or negligent violations.

Etc.

Summarizing the salient bits here:

>>>> Those penalties don't always have exemptions for stopping service. In fact it might have the opposite to avoid trying to put political pressure by doing that.

>>>> Doesn't mean it is a regulated industry which is actually a very narrow term.

>>> What is a regulated industry? I'm not aware of it as a legal term. Basically all industries are regulated in my understanding to a greater or lesser degree. Even in a lesser one, you can run up against those regs

>> [insert blurb about concrete instances of "regulated industries", where an intensional definition was clearly desired instead (not an incomplete, extensional definition)]

> Not a very operational definition. You can't start a hot dog stand without permission either.

So, from the top: some industries are regulated. But, oh, not all industries which are subject to regulation are what we would call "regulated industries" -- that's "a very narrow term."

Great! What exactly is the definition of that very narrow term?

The immediate response to that inquiry was several supposed examples of "regulated industries".

But that's not a satisfactory response, because it doesn't generalize. For instance, a hot dog stand is subject to regulation ("you can't start a hot dog stand without permission either") -- but is it a so called "regulated industry" (which, remember, "is actually a very narrow term")?

And then we have your response:

> That’s because restaurants are, believe it or not, also a regulated industry.

The sarcasm is cheeky, but it still doesn't provide a meaningful answer to the original question: if not all industries which are regulated are "regulated industries", then what exactly does "regulated industry" mean?

So, a couple questions for you:

1) How do you know that restaurants fit the original commentator's definition of "regulated industry"? Were you told that restaurants are among the set of "regulated industries", which you've accepted without understanding why?

2) If you actually do know what makes restaurants a "regulated industry" (not merely just regulated), why not share the definition?

3) Alternatively, could it be that neither of the first two question apply: you made your comment without first comprehending the conversation?

The definition was provided by linking to the description on the Cambridge dictionary.

The examples were likely provided because it's often easier to understand a definition with additional examples.

> a type of business that is controlled by government rules

And here's the comment that kicked off this sub-thread:

> Often the rules that require things of a company have penalties for non-compliance.

> [...]

> Doesn't mean it is a regulated industry which is actually a very narrow term.

So a regulated industry is a type of business that is controlled by government rules, but (per the aforementioned comment) not all businesses which are controlled by government rules are regulated industries.

So, again, I think the response of

> That’s because restaurants are, believe it or not, also a regulated industry.

is a bizarre blend of unhelpful and rude.

Perhaps you and I will just have to agree to disagree on that point.

Banks are regulated industry. If you want to start a bank you have to submit your business plan to regulators for approval, and then operate within very strict rules with criminal penalties for intentional deviation, and government inspectors who come by to make sure everything is by the book.

Twitch, a video game streaming service, being regulated in the way investment banks and nuclear power stations are regulated is a weird claim to make.

Telecommunications is generally a regulated industry in most countries, as is broadcast media

> Twitch ... being regulated in the way investment banks and nuclear power stations are regulated is a weird claim to make

You are literally responding to an article that explicitly says Twitch was fined by the regulatory body in charge of telecommunications, not a "general commerce [regulator]"

That doesn't say anything about if those consequences are good, bad, or moral.

Probably cuts down on the performative exits >.> Facebook in the EU, in an attempt to bully regulators.

Sender pays clearly has backfired but I don't know if there's a solution that satisfies everyone outside of gov't footing the bill a la public roads and calling it an economic multiplier. Because yes internet is a series of tubes and all but video sites are sending couches to everyone, making it FedEx's problem, and then acting shocked when FedEx wants paid for large item delivery.

Hackers for some reason really hate the "we charge a flat rate to everyone averaged across normal usage so almost everyone doesn't have to think about metering but then charge outliers more" pricing model. It works the same for roads, once you're driving semis the price goes up. XPO doesn't go "well we shouldn't have to pay for our road damage because the stuff we deliver is requested by our customer."

Or is that my misunderstanding something?

All web service operators including Twitch have signed an NDA about their cost of data transfer. But there are some estimations. 50-90 billions in KRW per year (from a financial report by Daishin Securities)