←back to thread

398 points ChrisArchitect | 1 comments | | HN request time: 0.208s | source
Show context
jjani ◴[] No.45141781[source]
Going to pre-empt the comments that always pop up in these topics saying "Google/Meta/Apple will just leave the EU at this rate": Google still has around $20 billion yearly reasons to remain active in the EU. Talking Europe yearly net profit here, post-fine. No, they're not going to say "screw this fine, you can take your $20 billion per year, we're leaving!". The second that happens, shareholders will have Sundar's access revoked within the hour.

There is a number of countries where Google has to deal with large levels of protectionist barriers (not the EU, these fines aren't that) and they still operate there. Korea is just one example. Because there's still a lot of money to be made. China isn't a counterexample: Google stopped operating search in China because at that point there was not a lot of money to be made for them in search there.

replies(12): >>45141980 #>>45142009 #>>45142120 #>>45142501 #>>45142511 #>>45142596 #>>45142965 #>>45143127 #>>45143496 #>>45146021 #>>45147755 #>>45162530 #
pendenthistory ◴[] No.45142511[source]
No, they will not leave the EU because the EU is not reading the room right now. You think Trump will do nothing to protect FAANG? To be honest, despite being European, I'm surprised the US has let itself be pushed around for so long. I don't say I agree with it, it's just realpolitik.
replies(7): >>45142684 #>>45142740 #>>45142778 #>>45142797 #>>45142980 #>>45145882 #>>45146815 #
1. ◴[] No.45142740[source]