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EU fines Meta $840 million for ‘abusive practices’ on Facebook Marketplace
(www.courthousenews.com)
this post was submitted on 14 Nov 2024
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Cost of doing business, shakedown for protection money, etc.
I was going to say, it's starting to sound more like the EU is just taking kickbacks in a circuitous legal manner rather than via a shady under the table deal with men and trench coats exchanging packages of unmarked bills.
I mean, in the last 5 months how many times has the EU fined meta or google?
If you really want to make a message that sticks, you ban the danger sites from operating in your collective and then fine them for their past misdeeds.
If you want to be seen as lenient, you then set down a list of objectives that the site must adhere to in order to be reinstated in the collective.
Anything short of that is just lining your pockets. I mean, what is the money being used for?
EU fines are working. Not in the sense that they would prevent companies from trying to do shit, but in the sense that they shape up once it has been levied: Understand that those 800m are a shot before the bow. If the behaviour continues, there's going to be daily punitive fines that very quickly become very unaffordable.
Goes towards the EU budget, reducing the amount the member states have to pay in. In other words Berlaymont doesn't gain anything from levying fines, their budget stays the same.