Post B8p1fKjMBWRzNH8aum by The_Universality@mastodon.novotnykrystof.com
 (DIR) More posts by The_Universality@mastodon.novotnykrystof.com
 (DIR) Post #B8ozgCFyyYxrTUgLGS by protonprivacy@mastodon.social
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       EU fines Google $1 billion over its search and Play StoreEuropean Union regulators fined Google €890 million last Thursday, saying the company broke the bloc’s digital competition law.The penalty, worth about $1 billion, closes two investigations the European Commission opened in March 2024. Alphabet, Google’s parent company, takes in roughly that much revenue in a day.https://proton.me/blog/google-eu-fine-antitrust-play-search
       
 (DIR) Post #B8p1fKjMBWRzNH8aum by The_Universality@mastodon.novotnykrystof.com
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       @protonprivacy I do not understand when did we got to a point in giving big companies fines that they can recuperate in day while fining people for small law violations at least 10% of their monthly income.And we don't even know how the money will be used by the EU.
       
 (DIR) Post #B8pcllNXiWT840rb0K by VedaDalsette@mstdn.social
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       @protonprivacy Nowadays, isn't a billion dollars to Google just chump change?
       
 (DIR) Post #B8pxN7YUE66Gdn4bDs by daemon_byte@mastodon.social
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       @protonprivacy revenue is not the same as profit. And right now google doesn't have any of that. That billion will sting because they need it for Gemini.
       
 (DIR) Post #B9pvZeO6lJZvMaFysq by rejzor@mastodon.social
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       @protonprivacy It's not really a fine if it doesn't painfully hurt them. It's just business if they get fined few hundred millions that they earn back in 1 month...
       
 (DIR) Post #BANdRiQoOaXAe0SHJ2 by Quantillion@mstdn.io
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       @protonprivacy The only sanction worth any salt is for the corp to be *switched off* for a given period.