24 points | by ch_sm an hour ago
5 comments
https://archive.is/58cyT
> Companies that breach the DSA risk fines of as much as 6% of their annual global sales.
It's nuts that this is all they can manage. Like, take 30% or 40% -- that might actually encourage compliance.
I think they'll comply, but almost entirely not because of small fines.
The point of fines is to correct bad behavior, not to bankrupt businesses which create jobs.
"must also file transparency reports, detail risk mitigation plans and pay an annual fee to the European Commission."
This is just another shake down. Quickly becoming the least business friendly place on Earth.
For billion dollar US megacorporations? Yes, it better be, finally (even though this is a slap on the wrist they will pay). Look at China's rules for internet companies there. Or how friendly the US was with TikTok.
https://archive.is/58cyT
> Companies that breach the DSA risk fines of as much as 6% of their annual global sales.
It's nuts that this is all they can manage. Like, take 30% or 40% -- that might actually encourage compliance.
I think they'll comply, but almost entirely not because of small fines.
The point of fines is to correct bad behavior, not to bankrupt businesses which create jobs.
"must also file transparency reports, detail risk mitigation plans and pay an annual fee to the European Commission."
This is just another shake down. Quickly becoming the least business friendly place on Earth.
For billion dollar US megacorporations? Yes, it better be, finally (even though this is a slap on the wrist they will pay). Look at China's rules for internet companies there. Or how friendly the US was with TikTok.