Europe Pub (PieFed)European Union fines Google €2.95 billion
www.euractiv.com/section/tech/news/eu-fines-goo…
cross-posted from: https://lemmy.world/post/35489688
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Less than what Elon will personally be paid by his board.
I think we need to rethink fines.
Did elon's ridiculously high payment of $60 billion or whatever it was go through? And what was that just for one year?
The intrinsic value of the entire company is not more than 10 billion. The stock market is a joke.
no bananaThey've proposed a new scheme where he gets paid $1000bil over 10 years or something
Holy shit, you did not make a typo, that is real they're proposing to give him that. Holy shit, or Unholy shit as the case may be
It's pretty insane
As I referred to classically, it refers to 2,000 years ago or more. Which for a few centuries they had been subjugated by the Greeks and then Romans, the rulers of which adopted Eastern norms and declared themselves God and ruled as an all-powerful monarch.
He will get that if he increases the company value by 800% in the next ten years. (Or so I've read)
UnderpantsWeevil
Southrydge Freedom
C1pherIt is hard to appreciate anything the European Union is doing with their chat control.
I do not know if they are also trying to put everyone into the masturbatorbase, for national security purposes many governments now need to know every page you have considered whacking off to.
Also just so happens connecting your likeness and ID to your IP allows them to see everything you do and say online.
For the kids. The kids that will also have everything they do and say recording.
Your acting like every country doesn't do this I'm sure every country has some kind of record of what you do online it's why tor browsers and VPNs exist
Part of the difference now is that before it was the National Security type people that had the information, no the politicians themselves will be able to access it, as well as numerous outside groups able to hack the system. So it is a world of difference even if the internet is compromised on a basic level. Especially now with these computer programs able to sort and make assumptions however unfounded about people.
Rose56
HubiWhen the EU's former competition Commissioner, Margrethe Vestager, announced those preliminary findings she warned that the only effective remedy – should the violations be confirmed – would be for the EU to break up Google.
No other option would resolve the "inherent" conflict of interest flowing from Google's dominance of all sides of the ad market, Vestager suggested two years ago.
Yes please.
Cassaoh, oups there goes the "trade-deal" with trump - good riddance
RidderSportThis is 0.1% of Google's net worth.
But almost 1% of Alphabet's revenue in 2024 (350 billion USD) and around 2.5% of their earnings (112 billion USD). Won't ruin them, but definitely hurts. And bear in mind that the revenue and earnings are worldwide while the fine is EU-specific. If you compared to EU earnings, the number would be even higher.
https://abc.xyz/assets/a3/91/6d1950c148fa84c7d699abe05284/2024q4-alphabet-earnings-release.pdf
I just hope they really stick to the fine and won't drop the charges...
Fuck the fines, start jailing those in charge. It ALWAYS happens, and fines has not once stopped them.
If I break the law, I go to jail. If large companies break the lawz they have to pay a small tax.
What the hell?