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by terrabiped 501 days ago
Nice story, but it doesn’t really match the reality I’ve seen.

One example: I was involved in the implementation of Article 15/17 at one of the FAANG companies. Throughout the process, we had many meetings with governmental bodies in the EU and, specifically, with the European CMOs (many of these are government controlled in Europe). It was clear as day that all they wanted from us was to pay up. It was literal extortion and had nothing to do with helping the "creatives" or fair competition or anything else.
1 comments
exceptione 501 days ago
Man, that sounds unfair. If I would be the owner of a FAANG company, I would tell the EU to fuck themselves instead of using them as a piggy bank. Why do those FAANG companies still want to do business there? It almost sounds like the EU wants companies to pay taxes and fines if they violate the law.

An alternative theory is that you were not in every relevant meeting.

I am sorry for the sarcasm, but I totally don't buy it. And you understand why.

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terrabiped 501 days ago
> I would tell the EU to fuck themselves instead of using them as a piggy bank. Why do those FAANG companies still want to do business there?

Maybe because no one makes business decisions based on emotions? The situation could be unfair but you might still choose to continue to engage just because it's beneficial for the company for all other reasons. All things considered, they still make money in that region, maybe not as much as they would have made otherwise.

> An alternative theory is that you were not in every relevant meeting.

I'm telling you what we heard directly from the gov agencies and you're saying that I wasn't in the right meetings? Maybe, but I at least have some first-hand knowledge to share here and not just snarky comments.

> I am sorry for the sarcasm, but I totally don't buy it. And you understand why.

No, I don't understand why and I'm not very interested in continuing this conversation either. You don't seem to have much to add it.

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exceptione 501 days ago
Well, let me be clear. No government can extort you here. There are laws. If you found the government agency in violation of the law, you should take it to the right court.

(A FAANG company usually has a lawyer or two. In an extreme case a fine would have been handled as a settlement for a complex series of violations by the company. The FAANG lawyer would understand it if the company still had a case or not. We know that FAANG companies have been in violation of various laws. Maybe FAANG got lucky and got a deal. That is unfair, I think a market access ban for several years is more fair for all people. The EU doesn't have a Trump. What you experienced was most likely competent and educated personnel from its executive branch. But you did not understand what your company did wrong. Hate me now, thank me later for giving a reality check.)

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