• BrikoXOPM
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      6 months ago

      Of course. EU latest laws changed the fines to a percentage of annual revenue to make them effective, but US is still collecting pennies with their settlement agreements.

      • ColeSloth@discuss.tchncs.de
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        6 months ago

        But how could you define a percentage for every little thing that may come up? When is the percentage decided during the case, and who decides it?

        • BrikoXOPM
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          5 months ago

          Fines and other sanctions are decided by the European Commission under Digital Markets Act (DMA) and Digital Services Act (DSA).

          • ColeSloth@discuss.tchncs.de
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            5 months ago

            So really it’s just the same thing with an extra step. They decide how much money it should cost the company, look of the companies profits, and give a percentage that matches the value they wanted.

            • BrikoXOPM
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              5 months ago

              Even at the lowest 1% fine of annual revenue would have been 17 million. So no, 3 million =/ 17 million. At maximum 6% it would have been 102 million.

    • Trollception@lemmy.world
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      6 months ago

      That’s a fairly hefty fine if their profit is 136 mil. Not sure if I’m reading that correctly but it amounts to multiple percentage points of profit for the entire company.

    • givesomefucks@lemmy.world
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      6 months ago

      Anytime there’s a settlement it’s included that “we dont admit we did this, but here’s some money for it”.

      For a company to actually have to admit guilt, it has to go to trial.