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by qqcqq
655 days ago
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This puts the total fines from the EU on American tech businesses at $14.8B in the last few years: https://loeber.substack.com/p/20-no-more-eu-fines-for-big-te... I think this substack is good, it makes a pretty clear case that US tech companies may not leave Europe any time soon, but they wield the power in the relationship much more so than the Europeans. Those regulators are overplaying their hands. |
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If, and that is a big if, American big tech decided to pull back from Europe, I wouldn’t be surprised if it ended up being a good thing for the local market in anything but the short term.
It’s very hard to compete with them (even in the local US market). Their disappearance from a market as big as the EU would likely spark competition.