this post was submitted on 11 Sep 2024
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575
Google and Apple lose their court fights against the EU and owe billions in fines (abcnews.go.com)
submitted 1 week ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 10 points 1 week ago (1 children)

This is still a footnote on their quarterly reports. These are multi trillion companies.

[โ€“] [email protected] 5 points 1 week ago

You say that like I'm unaware - maybe I should needlessly remind you that most of these fines are generally in the millions of dollars. A step in the right direction is not a bad thing.

Regardless, I'm not sure shareholders will think of it that way if the anti-trust practices continue and the fines accrue. The EU likes to be punitive when their orders are ignored.