EU negotiators agree landmark law to reign in US tech giants(france24.com)
france24.com
EU negotiators agree landmark law to reign in US tech giants
https://www.france24.com/en/europe/20220325-eu-negotiators-agree-landmark-law-to-reign-in-us-tech-giants
2 comments
This is huge and long coming. Bravo to the EU!
It will enable more competition in critical markets, across the EU ( at least, if big tech companies decide to comply only within the EU and keep their platforms closed elsewhere, but IMHO that wouldn't last long). It will curtail monopolies/oligopolies.
That's the kind of thing ( like GDPR or standardising phone charger formats or investing in infrastructure) that makes Eurosceptics hard to take at face value.
> Violation of the rules could lead to fines as high as 10 percent of a company's annual global sales and even 20 percent for repeat offenders.
That's how fines are done. They'll no longer be "cost of business".
An article with some more detail, including when the new rules would apply (that I've submitted on HN but seems that the post is dead): https://www.axios.com/europe-agrees-on-big-new-package-of-te...
It will enable more competition in critical markets, across the EU ( at least, if big tech companies decide to comply only within the EU and keep their platforms closed elsewhere, but IMHO that wouldn't last long). It will curtail monopolies/oligopolies.
That's the kind of thing ( like GDPR or standardising phone charger formats or investing in infrastructure) that makes Eurosceptics hard to take at face value.
> Violation of the rules could lead to fines as high as 10 percent of a company's annual global sales and even 20 percent for repeat offenders.
That's how fines are done. They'll no longer be "cost of business".
An article with some more detail, including when the new rules would apply (that I've submitted on HN but seems that the post is dead): https://www.axios.com/europe-agrees-on-big-new-package-of-te...
While they're at it, can they agree to outlaw the use of irritatingly illiterate American English in Europe? It makes my brain weep and the souls of all my dead English teachers wail in anguish.
ASIDE: Why do Americans hate the word ON and leave it out of sentences. But love the word OF[F] so much they put it in twice?
* I got a new cat Tuesday
* I fell off of my bike