They didn't even wait half a year to show their hand. That's how confident they are.
408 karma · joined June 23, 2022
They didn't even wait half a year to show their hand. That's how confident they are.
These kinds of laws are written by people who clearly do not understand the relationship between the tech giants and traditional media, and have no comprehension of who holds the leverage.
It's an understandable fear. It's just a sad fact that they are an effective global duopoly so if they chicken out there's no alternative for people to turn to. More competition would help with this, but the threat of the lawsuit floodgates opening would still be there and create a chilling effect on payment processing. That has to be handled by legislation, but that's going down a whole other thorny road with many possible bad outcomes. The legislation we get may introduce new problems even worse than the ones it attempted to solve.
But I think it's still worth trying. The present situation is very bad for the future of an open internet.
They have less to fear about "professional executives" worming their way in because Valve is not a publicly traded company, unlike the other examples you mentioned. It's private, Gabe Newell calls the shots at the end of the day. There's no real avenue for people to buy their way onto a board of directors and exert influence on the company from on high, or oust its historic leadership. Valve's pretty well protected from that. But it can't protect itself from sloth induced by a lack of competition.
Starting to feel like Reuters isn't worth my time anymore. Too many clickbaity titles like this lately.
We have the Internet Archive, we have Wikipedia page histories, but everything else is ephemeral. If Archive.org ever goes the way of the Library of Alexandria, we'll have lost irreplaceable knowledge of the web itself, and the cultures that existed on it. It will live on only in living memory, but this is also transient, and soon nobody will live who remembers what this time period was like. Wikipedia will not reflect it, you'd have to dig through page histories to find fragments, like historians and archaeologists sifting through ancient manuscripts and ruins for clues.
A potential dark age is forming, and avoiding it right now hinges entirely on the continued efforts of two donation-funded organizations, one of which makes it increasingly harder to view the past, the other facing legal disputes that could see it shut down. I think we need to make archiving the present important, so it does not become a mysterious, inscrutable past for our descendants.
Google definitely wants to stay in this market, but I don't think the EU has as much leverage as they think.
And this is setting aside the costs of compliance to avoid more fines. Even if the costs are less than another fine, they're not nothing. You're looking at an entire year's profits from the EU essentially being wiped out by this fine, plus reduced profits going forward due to increased compliance costs and probably losing sales. And this is your best case scenario.
It would not take a 100 billion dollar fine to make Google leave the EU, it would only take another fine like this one.
To be sure the company won't be in trouble financially, their global revenue can cover the fine, but that doesn't stop the EU from potentially being a net loss for the company going forward. Abandoning the EU would be a drastic step, though. It's going to be interesting to see how they adapt to this. Another fine on this scale and I think they will pull out.
>SEC. 406. COPPA.
>(a) In General.—Nothing in this Act shall be construed to relieve or change any obligations that a covered entity or another person may have under the Children’s Online Privacy Protection Act of 1998 (15 U.S.C. 6501 et seq.).
>(b) Updated Regulations.—Not later than 180 days after the enactment of this Act, the Commission shall amend its rules issued pursuant to the Children’s Online Privacy Protection Act of 1998 (15 U.S.C. 6501 et seq.) to make reference to the additional requirements placed on covered entities under this Act, in addition to those already enacted under the Children’s Online Privacy Protection Act of 1998 that may already apply to some of such covered entities.
Not exactly new rules, but they're making sure this doesn't overwrite anything they already enacted "for the children".
Equifax also relies on employers to report data to them, so if your employer doesn't, then the existence of the Work Number is irrelevant. In the era of ubiquitous side gigs where people get paid as contingency workers rather than wages or salaries by the company, you run into issues relying on the Work Number, even before factoring in all the other types of income.
https://en.wikipedia.org/wiki/Charles,_King_of_the_United_Ki...
Well not the only problem, there's also the fact ships are limited to water deep enough to carry them, so you can't go too far from the coast or navigable rivers. Granted, in Europe, there are lots of navigable rivers that make waterborne logistics fairly simple if you have the boats. Ask the Vikings.