> EU has realized American companies got a hell lot of expendable cash so they enjoy milking them xD
EU has realised American companies have become highly optimised wealth extraction machines and aren't providing nearly as much value as they are extracting, while also violating local privacy laws and skirting taxes.
The value void that Uber leaves will easily be filled, which is merely an app to buy services that have existed as long as the horse and cart. Keeping Uber benefits no one in the EU.
It's an indirect Marshall plan for europe. Since EU is unable to grow a shred of infotech, at least give them some scraps to add to the EU budget (At least, i hope that is where the fines end up).
European organizations are often fined as well, it's just that the amount of fines depends on the income of an organization. This means that big American companies jump out more, because they tend to have bigger incomes. Here's a database of fines for GDPR:
Ah yes, the poor-poor American companies who assume that they God-given right to every single scrap of data on their users that they possibly can. Under the guise of "we and our 1400 partners would really like to track your every breath"
1400? https://www.theverge.com/ (to pick a site at random) has 3,615 in the optional cookies setting alone, and a further 514 in the “strictly necessary” section. I think they might be lying on the last point.
