As a European this angers me also. We have smart and hardworking people, we could be succesful. Instead every bit of ambition gets regulated into the ground and we yoink money from tech giants instead of getti g things done ourselves.
all these big tech companies should stop providing services to anything that means EU/European countries governments, basically a ban. ALL: google, x, meta, amazon, ai companies, other services providers, 3rd parties, etc. losing money? fk it, they will make more after. EU countries have no tech giants, no alternatives. This way maybe europe will learn that they aren't the rulers of the world and 18th century finished long ago.
Whilst it sounds like a lot of money, the fine is roughly the revenue Google makes in two weeks just for displaying beauty ads targeting vulnerable teenage girls.
Europe is basically an economic graveyard masquerading as a developed continent because their only real industry now is regulatory extortion against companies they cannot even dream of inventing. It is honestly pathetic seeing them run the infinite money glitch of slapping fines on tech giants instead of fostering a single shred of actual innovation which is exactly why the US market is the only place where real capital goes to multiply. You have these bureaucratic dinosaurs in the EU gutting their own energy sector to the point of suicide while their immigration policy just accelerates the decay ensuring they will never see a decent return on investment ever again. The US keeps ripping to the moon because investors know exactly where the smart money belongs far away from a continent that treats success like a crime and prefers to tax its way into total obscurity while the rest of the world moves on without them.
Reddit is full of radical leftists. You can insult and falsely claim anything but the moment you say anything that may be the slighest against migrants you are the devil and need to be purged. Crazy lefists, even more funny they gather in a gambling reddit fueled by capitalism. Cucks
This is not a big deal when you can just raise you CPC 1 cent for 1 day, and you get all your money for this fine. Google can literally print money, and own pretty much all online marketing.
record fine sounds scary until you do the math, $4.7b is about two and a half weeks of alphabet profit. that's not a punishment, that's the eu invoicing them for a decade of android
The infinite loop, I'm a company owner in EU (BE).
There are so many rules and administrative work, documentation, legal requirements, it's not only that you need to comply with them, you need to actually do work and ask things to administration and actively send them documents through obscure means. Failing to do any of them puts you at risk of massive fines and problems.
Trying to export to another EU country as a EU company is just worthless, the countries are very small and will instantly cripple you with even more strenious adminstrative work and rules, and delays etc... it's not always clear what is the correct way to do things right, so you can expect fines in the future.
The countries are 10M inhabitants usually, to achieve a market size of US, you'd basically cripple yourself in admin over 20 countries or so, with massive legal, account and adminsitrative fees; basically a fully fledged legal department in your company.
Now a US company coming to EU doesn't have to deal with any of that, the rules are only valid or enforced for local companies.
You cannot grow a EU company to the size of a US company, the EU and its members put rules in place to ensure it will never ever happen, at the size of a small company you'll need to deal with overhead that will absolutely cripple you, it's impossible to grow like US companies.
We will never get a Google, Uber, Amazon, Tesla, Aliexpress, OpenAI etc... in EU. Never.
important edit: Not saying these companies are good or bad, I'm saying that EU will never have a giga corp from within that they can properly regulate, all giga corps will always be outside entities doing whatever their parent country allows them todo and EU trying to somehow fine them while the majority of their operations stays entirely outside of enforceable EU actions.
Amazon destroying retail in EU can't be regulated by EU, it's a netloss for EU in terms of revenue. As a EU ecomm company you can't compete with Amazon because you simply have more rules taxes and overhead to follow while you're significantly smaller.
An italian company tried to compete with OpenAI in the early chat days, their government and EU rapidly took the lead and fined them massively then proceeded to impose tons of things and audit they should obey, the company was still a small startup, it died instantly. Now almost all AI providers are outside EU.
It's fine that EU regulates for the greater good but at the end of the day, if all local companies die and you end up depending on outside unregulated companies, did your action really benefit your cause ?
Most governments in EU use American companies for almost all of their services, they don't even pretend.
Yes although it has similarly become much more difficult in the US in the past 20 years to become “the next Amazon”. Antitrust laws have been enforced, M/A’s blocked, states can effectively regulate/tax sales even without physical presence etc. Predatory growth strategies like undercutting market prices by using profits from other divisions are now frowned on. For your one recent example (OpenAI) as this is entirely a digital product I don’t see what would have prevented the same growth strategy of paying top dollar salaries to build a superior product and targeting the US market first.
At somepoint there are people whose entire carreer and future is bureacracy, you can expect them to innovate in there.
Every single person or department is trying to make changes for the better, in a mega ultra fragmented region & governments and you get nice results.
They all work for the the better in isolation, from their bureaucracy and focused on bureaucratic results, only when you consider that bureaucracy only adds up and each new person or elected wants to leave a mark, then it's a never ending cycle of adding things.
Please tell me this is sarcasm because you can't seriously suggest hundreds of millions of EU citizens will happily switch off from google services lol
Im not sure i fully understood why it's easier for a company outside of the EU to export to multiple countries within the EU, than for a business within the EU to do the same.
So far as i know Brexit has ruined a lot of British exports to the mainland.
from what I understand, its because US companies can grow and then have the option operate within the EU when ready, as a side quest. So when they decide to do it, they are more more successful, and maybe not add things the EU won't agree with and keep is US only (I'm imagining certain US-only tech features that would be cool to have but break GDPR or something). You can't take risks within the EU, you get spawn camped by EU laws.
So the EU don't have exemptions for Small and Medium companies, and basically actively cripple itself before the sme can even become successful?
This is dumb and putting ideology before practicality. China don't give a shit about any of this which is how they are able to grow massively. EU is like a trust fund baby living off of its inheritance while making really self-sabotaging decisions.
The core issue is that the population is extremely happy when new regulations come out, they fail to realize that said regulation only can applies in most cases to local companies and Google/Meta/Apple or whatever will continue their business as usual.
SME now have not only new regulations but also new periodic admin work that generally has to be done or finalized by a consultant/lawyer/accountant to avoid fines, irrespective of following the rules, all EU companies have a new fine they need to constantly pay.
There are many exemptions, but to qualify you need to follow through with paper work, it's expensive and extremely time consuming, lawyer or consultants need to be involved and you need to periodically prove that you still apply. It's unsure if it's cheaper in the end to get the exemption.
Lastly all helps and exemptions require massive capital to deploy with consultants and take months to have results (speaking 5k-50k€ upfront). When I was starting I couldn't afford that, I only started to get help and some exemptions / rebates when I could afford. The companies that can't deploy 10-20k€ like that will just have to play the hard game or hoping nothing happens.
Just this week, I've received a small fine because I didn't declare that I wasn't using copyrighted pictures. Yeah there is a new periodic yearly requirement to do so, no reminder nothing, you just receive an email that looks just like your most basic spam leading to the shadiest platform know to man. Asked my accountant if his account had been hacked and he told me it's legit.
There are so many individual things like that all over the place, every single country, ministry, department, person create their own rules with their own protocol and ways to comply, everything is independent.
About time someone put Goooglless in it's place. Worst browser out there.
ReplyDeleteGoogle could counter attack by reducing the free data cap on gmail from 15GB down to 10GB only within the EU.
ReplyDeleteEu makes most of their money by taxing big tech
ReplyDeleteAs a European this angers me also. We have smart and hardworking people, we could be succesful. Instead every bit of ambition gets regulated into the ground and we yoink money from tech giants instead of getti g things done ourselves.
ReplyDeleteThe EU is such a welfare state. They suckle the United States tit hard.
ReplyDeleteBwahahahahahahahahahahahahahaha get fucked
ReplyDeleteWhy is it the U.S. sues these tech companies for MILLIONS and Europe for BILLIONS . What am I missing?
ReplyDeleteThe former does nothing to a company of this size. Hell, in this thread there's people arguing the latter also does nothing.
Deleteall these big tech companies should stop providing services to anything that means EU/European countries governments, basically a ban. ALL: google, x, meta, amazon, ai companies, other services providers, 3rd parties, etc. losing money? fk it, they will make more after. EU countries have no tech giants, no alternatives. This way maybe europe will learn that they aren't the rulers of the world and 18th century finished long ago.
ReplyDeleteLynch said it best, US innovates, China imitates, and EU legislates
ReplyDeleteOh nose! 4.7 billion dollars?! Cost of doing business and will just be written off. Google doesn’t care
ReplyDeleteBut Google spends 21 billion yearly to be the main search bar in safari.
ReplyDeleteEU fines needs to escalate with the tech world.
Still pissed that Nokia OS is not our universe
ReplyDeleteWhilst it sounds like a lot of money, the fine is roughly the revenue Google makes in two weeks just for displaying beauty ads targeting vulnerable teenage girls.
ReplyDeletehttps://imgur.com/a/KY7R8CG
ReplyDeleteHoly shit lol, the amount of bots that come out whenever the EU is mentioned anywhere is ridiculous and terrifying at the same time
ReplyDeleteEurope is basically an economic graveyard masquerading as a developed continent because their only real industry now is regulatory extortion against companies they cannot even dream of inventing. It is honestly pathetic seeing them run the infinite money glitch of slapping fines on tech giants instead of fostering a single shred of actual innovation which is exactly why the US market is the only place where real capital goes to multiply. You have these bureaucratic dinosaurs in the EU gutting their own energy sector to the point of suicide while their immigration policy just accelerates the decay ensuring they will never see a decent return on investment ever again. The US keeps ripping to the moon because investors know exactly where the smart money belongs far away from a continent that treats success like a crime and prefers to tax its way into total obscurity while the rest of the world moves on without them.
ReplyDeleteIf the infinite money glitch works then why change what works?
DeleteExactly, you don’t see parasites trying to become self-sufficient. That would be madness!
Deleteshut google servers down in EU and see how that goes.
ReplyDeleteMan my portfolio is 🪦
ReplyDeleteEU fining successful companies is the only economic opportunity in Europe
ReplyDelete4,7 billion dollar fine vs 23 trillion dollar economy
DeleteSuccessful companies that need to do more and more predatory and anti consumer practices to stay afloat, yeah, I’d be proud of them too /s
DeleteWhat has your country created lately EuroCuck?
DeleteSo changing the subject plus insults. You must really be out of ideas. We were talking about Google predatory practices.
DeleteCreate nothing of value. Take from those that do. Nice.
DeleteOf the 8 billion people in the world how many could find you on a map?
So long Eurocuck
Give us your money ameriburgers. We europoors need it desperately to fund more shitty politics in our countries and waste it all
ReplyDeleteM-m-m-money, money.
ReplyDeleteGoogle also ”won” a case in Sweden yesterday. Hence, they only had to pay their competitor 1,4 billion € (14 B sek) out of the 7B+ demanded.
ReplyDeleteTo be fair
ReplyDeletehttps://imgur.com/a/TlwPTl6
ReplyDelete
ReplyDeleteLet the reddit booklicking of the EU begin.
"FoLlOw ThEiR LaWs!!"
Imagine being such a self loathing American cuck that you willing to defend EU shakedowns despite your 401k and retirement being looted.
Reddit is full of radical leftists. You can insult and falsely claim anything but the moment you say anything that may be the slighest against migrants you are the devil and need to be purged. Crazy lefists, even more funny they gather in a gambling reddit fueled by capitalism. Cucks
DeleteDamp it so I can buy 🙏
ReplyDeletegoogle gonna find that in the couch cushions
ReplyDelete$20 billion profit per year, so essentially an additional 25% surtax
Delete(*july 4th noises intensify)
they made 132 billion in 2025
Deleteyou mean 20 billion times 8...
DeleteThat means they have to bend over and get fucked in the ass
DeletePeanuts.
ReplyDeleteAt this point, regulatory fines are the only thing keeping the EU’s sluggish economy afloat.
ReplyDeleteso much cope
DeleteSure, a $4,7 billion dollar fine is keeping a $23 trillion economy afloat.
DeleteAnd downn we go
ReplyDeleteWhy don’t they just shut down their European businesses
ReplyDeleteEuropoors will beg them to return
This is why you'll never own a successful business.
DeleteSure, leave the second biggest market. Theses companies break the rules because they know it’s still far more profitable to pay the fines.
DeleteSeems like the rule is "give us money" and they're following the rules. I don't see any principle being uniformly applied.
DeleteThis is not a big deal when you can just raise you CPC 1 cent for 1 day, and you get all your money for this fine. Google can literally print money, and own pretty much all online marketing.
ReplyDeleterecord fine sounds scary until you do the math, $4.7b is about two and a half weeks of alphabet profit. that's not a punishment, that's the eu invoicing them for a decade of android
ReplyDelete2 weeks of profit is 4% of annual profit.
Delete"that's the eu invoicing them for a decade of android"
DeleteYou mean a year of it. It hasn't even been a year since their last 'fine'.
Ok chatgpt
DeleteI feel like more than half of reddit posts and comments are made by AI. Still getting lots of upvotes.
DeleteEven worse when someone just decides to dump paragraph after paragraph of an AI output, without even attempting to summarises or rephrase.
DeleteI'd much rather read my own AI generation if thats what's on offer, im not reading someone else's
And honestly, that's scary to think about
DeleteThat's not scary, that's terrifying
DeleteSo....calls?
ReplyDeleteThe infinite loop, I'm a company owner in EU (BE).
ReplyDeleteThere are so many rules and administrative work, documentation, legal requirements, it's not only that you need to comply with them, you need to actually do work and ask things to administration and actively send them documents through obscure means. Failing to do any of them puts you at risk of massive fines and problems.
Trying to export to another EU country as a EU company is just worthless, the countries are very small and will instantly cripple you with even more strenious adminstrative work and rules, and delays etc... it's not always clear what is the correct way to do things right, so you can expect fines in the future.
The countries are 10M inhabitants usually, to achieve a market size of US, you'd basically cripple yourself in admin over 20 countries or so, with massive legal, account and adminsitrative fees; basically a fully fledged legal department in your company.
Now a US company coming to EU doesn't have to deal with any of that, the rules are only valid or enforced for local companies.
You cannot grow a EU company to the size of a US company, the EU and its members put rules in place to ensure it will never ever happen, at the size of a small company you'll need to deal with overhead that will absolutely cripple you, it's impossible to grow like US companies.
We will never get a Google, Uber, Amazon, Tesla, Aliexpress, OpenAI etc... in EU. Never.
important edit: Not saying these companies are good or bad, I'm saying that EU will never have a giga corp from within that they can properly regulate, all giga corps will always be outside entities doing whatever their parent country allows them todo and EU trying to somehow fine them while the majority of their operations stays entirely outside of enforceable EU actions.
Amazon destroying retail in EU can't be regulated by EU, it's a netloss for EU in terms of revenue. As a EU ecomm company you can't compete with Amazon because you simply have more rules taxes and overhead to follow while you're significantly smaller.
An italian company tried to compete with OpenAI in the early chat days, their government and EU rapidly took the lead and fined them massively then proceeded to impose tons of things and audit they should obey, the company was still a small startup, it died instantly. Now almost all AI providers are outside EU.
It's fine that EU regulates for the greater good but at the end of the day, if all local companies die and you end up depending on outside unregulated companies, did your action really benefit your cause ?
Most governments in EU use American companies for almost all of their services, they don't even pretend.
" An italian company tried to compete with OpenAI in the early chat days" Hahahahaha okay come on though.
DeleteYes although it has similarly become much more difficult in the US in the past 20 years to become “the next Amazon”. Antitrust laws have been enforced, M/A’s blocked, states can effectively regulate/tax sales even without physical presence etc. Predatory growth strategies like undercutting market prices by using profits from other divisions are now frowned on. For your one recent example (OpenAI) as this is entirely a digital product I don’t see what would have prevented the same growth strategy of paying top dollar salaries to build a superior product and targeting the US market first.
DeleteI knew EU was beaureucratic but just didn't know how bad
DeleteAt somepoint there are people whose entire carreer and future is bureacracy, you can expect them to innovate in there.
DeleteEvery single person or department is trying to make changes for the better, in a mega ultra fragmented region & governments and you get nice results.
They all work for the the better in isolation, from their bureaucracy and focused on bureaucratic results, only when you consider that bureaucracy only adds up and each new person or elected wants to leave a mark, then it's a never ending cycle of adding things.
Tldr?
DeleteEU regulates
DeleteEU companies dies
EU forced to use US companies
EU regulates even harder
EU only uses US companies and regulates no one
Yeah the most cancerous companies of the last decades, we will survive without Uber and Google dont worry.
DeleteYou will still have Uber and Google, just no EU companies who can compete with them.
DeleteBolt exists btw
DeleteWe dont need them 🤷
DeleteYou're literally on fucking reddit. If you want to fix the EU, start acknowledging problems instead of denying them.
DeleteMost Europeans need Google, Uber, and everything else.
We dont need any of that to live out lifes. I would argue only Microsoft matter in the big tech at this point.
DeletePlease tell me this is sarcasm because you can't seriously suggest hundreds of millions of EU citizens will happily switch off from google services lol
DeleteIm not sure i fully understood why it's easier for a company outside of the EU to export to multiple countries within the EU, than for a business within the EU to do the same.
DeleteSo far as i know Brexit has ruined a lot of British exports to the mainland.
from what I understand, its because US companies can grow and then have the option operate within the EU when ready, as a side quest. So when they decide to do it, they are more more successful, and maybe not add things the EU won't agree with and keep is US only (I'm imagining certain US-only tech features that would be cool to have but break GDPR or something). You can't take risks within the EU, you get spawn camped by EU laws.
DeleteSo the EU don't have exemptions for Small and Medium companies, and basically actively cripple itself before the sme can even become successful?
DeleteThis is dumb and putting ideology before practicality. China don't give a shit about any of this which is how they are able to grow massively. EU is like a trust fund baby living off of its inheritance while making really self-sabotaging decisions.
The core issue is that the population is extremely happy when new regulations come out, they fail to realize that said regulation only can applies in most cases to local companies and Google/Meta/Apple or whatever will continue their business as usual.
DeleteSME now have not only new regulations but also new periodic admin work that generally has to be done or finalized by a consultant/lawyer/accountant to avoid fines, irrespective of following the rules, all EU companies have a new fine they need to constantly pay.
There are many exemptions, but to qualify you need to follow through with paper work, it's expensive and extremely time consuming, lawyer or consultants need to be involved and you need to periodically prove that you still apply. It's unsure if it's cheaper in the end to get the exemption.
Lastly all helps and exemptions require massive capital to deploy with consultants and take months to have results (speaking 5k-50k€ upfront). When I was starting I couldn't afford that, I only started to get help and some exemptions / rebates when I could afford. The companies that can't deploy 10-20k€ like that will just have to play the hard game or hoping nothing happens.
Just this week, I've received a small fine because I didn't declare that I wasn't using copyrighted pictures. Yeah there is a new periodic yearly requirement to do so, no reminder nothing, you just receive an email that looks just like your most basic spam leading to the shadiest platform know to man. Asked my accountant if his account had been hacked and he told me it's legit.
There are so many individual things like that all over the place, every single country, ministry, department, person create their own rules with their own protocol and ways to comply, everything is independent.
"We will never get a Google, Uber, Amazon, Tesla, Aliexpress, OpenAI etc... in EU. Never."
DeleteGood?
Looking at the insidious, illegal and straight up evil things corporations you listed do... I'm glad.
"Tesla"
Also ... rotfl. You do know EU has two of the five biggest car companies (VW Group & Stellantis) ... right?