alt Hacker NewsIt is a nationalistic thing. When foreign governments fine "American" companies, they get all up in arms, while constantly asking the US Government to provide better consumer protections and promote competition.
This position commonly ignores that these fines are against these companies position within the market for which they're fined. Meaning that the EU will look at the EU profits and fine relative to those, so they aren't fining the "American" side/profits of the company but rather their "EU" (or Italian in this case) balance sheet.
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The EU moved to fining on the basis of global revenues a long time ago to avoid companies using accounting to hide local revenues and avoid fines.
Then again, it could be seen as a tit for tat move regarding how the US applied its laws extraterritorialy using the dollar as a medium so it's bit harsh to complain about the EU when the US started the whole thing.
> When foreign governments fine "American" companies, they get all up in arms
Which is ironic, because Apple is more aligned with China than the US:
Apple CEO Tim Cook "secretly" signed an agreement worth more than $275 billion with Chinese officials, promising that Apple would help to develop China's economy and technological capabilities - https://www.macrumors.com/2021/12/07/apple-ceo-tim-cook-secr...
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This whole procedure started after Meta (that meta) reported apple to the authority, it's not even an investigation that was started by the authority of its own volition