Nemeski@lemm.ee to Technology@lemmy.worldEnglish · 11 months agoApple says third-party app marketplace creators must have €1,000,000 'letter of credit'9to5mac.comexternal-linkmessage-square42fedilinkarrow-up1301cross-posted to: europe@feddit.de
arrow-up1301external-linkApple says third-party app marketplace creators must have €1,000,000 'letter of credit'9to5mac.comNemeski@lemm.ee to Technology@lemmy.worldEnglish · 11 months agomessage-square42fedilinkcross-posted to: europe@feddit.de
minus-squareMuehe@lemmy.mllinkfedilinkEnglisharrow-up17·11 months ago The highest GDPR fine was 1.2 billion. This isn’t the GDPR but the DMA. That said, fines there are even steeper, 10% of global revenue for the first offence, 20% for repeated offences.
minus-squareUriel238 [all pronouns]linkfedilinkEnglisharrow-up6·11 months agoThis is what I hoped to see. Apple’s at actual risk of harm (or pissing off its shareholders) by messing with the EU. Here in the States, our regulatory departments are entirely captured so there’s little to stop corporate anti-competitive shenanigans.
minus-squaredependencyinjection@discuss.tchncs.delinkfedilinkEnglisharrow-up2·11 months agoI am by no means an expert but this seems like a ludicrous response from Apple. They can’t take this fight as, like you say, pissing off the shareholders will force them to change direction; if the EU do start talking about repercussions.
This isn’t the GDPR but the DMA. That said, fines there are even steeper, 10% of global revenue for the first offence, 20% for repeated offences.
This is what I hoped to see. Apple’s at actual risk of harm (or pissing off its shareholders) by messing with the EU.
Here in the States, our regulatory departments are entirely captured so there’s little to stop corporate anti-competitive shenanigans.
I am by no means an expert but this seems like a ludicrous response from Apple.
They can’t take this fight as, like you say, pissing off the shareholders will force them to change direction; if the EU do start talking about repercussions.