European Commission fines Google €2.95B over abusive ad tech practices

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.

The EU has 450M (+80M for UK & similar non-eu countries that are likely to follow the EU on such regulations) population to the US' 350M.

The moment the likes of Google, or Meta, or Microsoft, or whomever else leave the EU, they immediately create a market gap. A market gap that will then in short order be filled with a European company that, because of the population sizes, has a notable comparative advantage to the US tech company.

+ As much as HN's readership loathes to admit it, regulations like this are "Good, Actually". Google's monopolist practices are bad for both advertisers and services showing ads. Any would-be competitor that arises from Google leaving the market would, by virtue of being forced by law to not be so shitty, be the better option. (And yes, this does also apply to pretty much all of the other big tech regulations as well.)

Like, c'mon. "Monopolies bad" is capitalism 101. Even the US' regulators thought Google was going too far.

Regulation may be good, but understand, actually, recognize, that it is also suffocating. People bragging that they have no weeds in their fields, when they have no fresh crops either....

This is plainly untrue if you're talking about tech beyond the mag-7 sized supergiants.

> Regulation may be good, but understand, actually, recognize, that it is also suffocating. People bragging that they have no weeds in their fields, when they have no fresh crops either....

And yet it is the tech giants in the US, oh so praised for their size, that are the "weeds" in many regards.

What good is Google when it's reliant on an advertising monopoly itself built entirely on monopolistic and fraudulent exploitation of the rest of the economy.

What good is Amazon when it's reliant on crushing all other retail and local manufacturing?

I give them money, and in return I get stuff that "all other retail" failed to provide.

That's good.

Amazon crushed all other retail in the first place and therefore, now all other retail can't provide some stuff and you buy them from amazon

That isn't good.

Man I am thinking of this as an ouroboros. Amazon got big because they crushed all other retail and they crush all other retail because they are big.

I think that the ouroboros that I am talking about should be known as the monoboros (get it? I am trying to have some fun by mixing monopoly and ouroboros, I hope you don't mind it)

Or just call this ouroboros a monpoly, man. it hurts me sometimes that you can't bring change in this world because of the way the world is right now and that bad things can happen in this world and its far far from perfect. I don't get how you guys or even anyone stays optimistic, I really wish to be a optimist logically but I can't come to that conclusion other than the fact that hey I run on emotions and bad emotions lead to bad things happening for me personally so I need to shut down bad emotions just so that they happen better for me. But that seems a little like running away from the truth. Should I feel okay running away from truth?