Define “massive.” Because if it doesn’t substantially cut into their profits then it’s not a fine but just the cost of doing business.
“In case a gatekeeper does not comply with the obligations laid out in the DMA, the Commission can impose fines up to 10% of the company’s total worldwide turnover, which can go up to 20% in case of repeated infringement.”
The way fines should be constructed. As a percentage of something’s worth.
deleted by creator
Meta’s global revenue last year was $134 billion. It would have to be a historic fine to even make a dent. I’m not hopeful. This will be another “cost of doing business” situation.
A $13 billion fine does not look like a “cost of doing business” scenario to me.
They haven’t gotten that fine yet and $13 billion out of $134 billion is absolutely a “cost of doing business” fine. If they still make massive profits at the end of the year, they haven’t been hurt.
Corporations have to be punished and they rarely are.
I agree, they haven’t got that fine, never mind actually paid it. But it would be about a third of their profits, not exactly negligible, and it could double for repeated offences.
Oh you’ll see. It’ll be super massive. It’ll be amazingly punishing!
It’ll be like… 0.2% of their gross.
Then it’ll spend years in legal battles to become 0.05%.
Have you seen the kind of fines the EU hands out? They’re nothing to sneeze at
They COULD do a lot of things. Show me an article if something actually happens.
