I think EU is just building Meta’s monopolistic moat. It creates a chilling effect on challenger tech companies who may not be able to pay these fines. And yet they still know they might be arbitrarily fined.
Oh the other hand, one might say — “don’t be monopolistic and you won’t have to pay the fines”. But does this stand up under scrutiny? But how does a company compete with a monopoly without having any monopolistic traits? Duopolies by definition are very close to monopolies.
It’s like the EU is saying “no one be like these guys, but please would someone compete with them for the sake of our market!”
Oh the other hand, one might say — “don’t be monopolistic and you won’t have to pay the fines”. But does this stand up under scrutiny? But how does a company compete with a monopoly without having any monopolistic traits? Duopolies by definition are very close to monopolies.
It’s like the EU is saying “no one be like these guys, but please would someone compete with them for the sake of our market!”