Meta Fined $843M by EU over Marketplace Ads

Re:Meta Fined $843M by EU over Marketplace Ads by ahmeneeroe-v2 on Thursday November 14, 2024 @11:51AM (#42138110)

I wonder if the next administration will put a stop to this EU trade war against US Big Tech, or if they will let specific companies (e.g. Meta & Google) continue to suffer due to a (perceived or real) bias against that admin during their 2016-2020 tenure and their political campaigns.

I imagine at the very least that the company formerly known as Twitter will be protected.

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Re:Meta Fined $843M by EU over Marketplace Ads by ouddv on Thursday November 14, 2024 @12:12PM (#42138401)

> I imagine at the very least that the company formerly known as Twitter will be protected.

verified: https://www.the-independent.com/news/world/americas/us-polit...

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Re:Meta Fined $843M by EU over Marketplace Ads by tossandthrow on Thursday November 14, 2024 @11:56AM (#42138163)

This is politics. The US act exactly the same way against EU companies: https://www.pharmavoice.com/news/ftc-request-novo-catalent-d...

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Re:Meta Fined $843M by EU over Marketplace Ads by ahmeneeroe-v2 on Thursday November 14, 2024 @12:03PM (#42138258)

That's kind of my point. This isn't "consumer protection", it's a shakedown of a US company by the EU.

I think that the incoming US administration will seek to play politics more aggressively than the current admin.

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Re:Meta Fined $843M by EU over Marketplace Ads by tossandthrow on Thursday November 14, 2024 @12:07PM (#42138318)

Probably - or at least that is the rhetorics.

However, it is not clear that this is not in balance already. The discussion thread seems to believe that the EU is being harsher to the US than the other way around.

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Re:Meta Fined $843M by EU over Marketplace Ads by piva00 on Friday November 15, 2024 @03:18AM (#42144890)

Shakedown? It's the fucking law, either these companies follow it if they want to do business or they get punished.

I understand that the US justice system has a very porous concept of who has to follow the law or not but that's not how it should work.

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Re:Meta Fined $843M by EU over Marketplace Ads by aurareturn on Thursday November 14, 2024 @11:55AM (#42138148)

Well, Tim Cook was talking to Trump about EU legal issues. Trump made public statements about it.

One reason Meta and Google's stocks have not boomed after the election is they're seen as more liberal in Trump's circle.

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Re:Meta Fined $843M by EU over Marketplace Ads by ahmeneeroe-v2 on Thursday November 14, 2024 @12:00PM (#42138226)

Exactly what I was thinking. Apple is seen as neutral by Trump admin. X as an ally. And Meta/Google as enemies

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Re:Meta Fined $843M by EU over Marketplace Ads by olliebrkr on Thursday November 14, 2024 @12:07PM (#42138307)

Based on their stock and wealth, I don't think Meta and Google are exactly suffering. They've been getting away with this shit for, well, decades.

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Re:Meta Fined $843M by EU over Marketplace Ads by ahmeneeroe-v2 on Thursday November 14, 2024 @12:22PM (#42138556)

What does that have to do with anything? You don't become an economic super power by letting poorer countries tax your richest companies.

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Re:Meta Fined $843M by EU over Marketplace Ads by olliebrkr on Thursday November 14, 2024 @12:25PM (#42138599)

but you can become an economic super power by avoiding tax smaller companies pay?

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Re:Meta Fined $843M by EU over Marketplace Ads by ahmeneeroe-v2 on Thursday November 14, 2024 @03:59PM (#42141146)

Tax strategy is so integral to large corporations' business strategy that "tax strategy ≈ business strategy" is basically a true statement for them.

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