186
EU fines Meta $840 million for ‘abusive practices’ on Facebook Marketplace
(www.courthousenews.com)
this post was submitted on 14 Nov 2024
186 points (99.5% liked)
Technology
59347 readers
6180 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.