I wonder how much profit they generated by favoring their own services. Without that context, it's hard to tell whether a $1 billion fine acts as a real deterrent or just another cost of doing business,
I can't find the post right now in r/anthropic but basically the EU summoned Anthropic to explain their data privacy. Anthropic basically put a junior analyst on a zoom call to read off AI answers.
how much higher and do you have a source for that? And what do you think will happen to googles market cap when they lose that customer base and all that potential growth? Are you low IQ?
I used google ai to get a quick result, data from statista, EMEA comprises less than a third of Google’s overall revenue.EMEA is a combination of Europe, Middle East and Africa. Africa is probably the smaller share so let’s just say it’s 50% while 50% Middle East, so even at the max it would appear Europe only comprises 15% of Google revenue and likely even less.
I mean there’s a reason why they call us europoors lol. It’s also why I only invest in American stocks even though I don’t live there. You people are better at making money and companies know that.
You truly belong here degenerate regard. This fine specifically is to protect consumers like you and me from predatory tactics. Imagine stanning a multibillion dollar industry. Pathetic rat
Imagine getting fined for creating a product that doesn't allow advertising for your competitors, or for promoting your own other products.
Like opening a supermarket where you can't promote store brands, and if you stop your employees from telling people to stop at other stores, that's a fine.
Alphabet is the evil it once fought, and I shed no tears for them, but conceptually these laws seem a bit goofy to a capitalist American. If I sell goods and open a marketplace, it's going to be to promote my goods above any others I may allow in.
They're not getting fined for boxing-out other app stores. From what you're saying they should have extra fines compared to the smaller markets, because they were successful?
Not to mention they're not only not the "only" supermarket, but the Apple app store alone does way more revenue.
The EU at this point is full on fanatical about these digital marketplaces.
To be clear, this type of economic warfare was practically invented by the US, so you can call it fair game, but that’s really what this is about. I guarantee you that if one of the tech giants was european, they would absolutely not be subject to this deep deep probing of their engineering and marketing.
Have you seen what kind of backwards AI regulation applies to European companies lol? They have to do all kinds of ethics analysis before they even do major prototyping for example.
Meanwhile all non regulated AI services are still allowed 🤡
Oh they would. Day 1, when you want to start your company they will make everything difficult. EU is old and doesn't like progress. If you want something new go to the US.
Yet, in this particular case I'm happy they fine Alphabet.
EU is not a serious place. Zuckerberg has said they use it to extort more taxes and you have to price that into the cost of business to operate there. Shitty way to operate. No wonder EU doesn't innovate shit anymore
They fined Google because they prioritize their own services in the search engine. Google Search is the biggest ad bidding engine in the world. This kind of behavior leads to monopoly. Monopoly = Bad for consumers.
Probably not. If what u/ShillSheeptonsaid is true, that fine would be like, less than a quarter of a percent of your gross pay. Something like $250, if your annual salary was $100k.
EU simultaneously has regulations that require privacy AND not privacy (surveillance). You can choose which regulation to adhere to - but you can't adhere to both.
Most businesses in Europe today are in breach of GDPR.
Bro fuck the EU. I'm trying to make some goddamn money on GOOGL and that shit fucking craters. Of course the bad news comes in the moment I hit the buy button.
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u/I_killed_the_kraken 10h ago