alt Hacker NewsBig corp penny slap on the fingers. I dont this amount will change behaviour or incentive to make larger profit.
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throwfaraway135 • today at 3:45 PM
From Claude: The €200 million penalty equals around 0.4% of the global turnover reported last year by Temu's parent company PDD Holdings.
According to Eurostat, the average gross annual salary in the EU is around €39,800 per year for full-time employment. The average net salary comes to roughly €2,461 per month, or about €29,500 net per year.
0.4% of an average worker's gross annual salary = roughly €159.
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It sets precedent, and has already led to a (by Chinese foreign policy standards) fairly vicious response [0][1][2].
This is also part of the EU's larger tariffs against China [3].
[0] - https://www.globaltimes.cn/page/202605/1361926.shtml
[1] - https://www.globaltimes.cn/page/202605/1362200.shtml
[2] - https://www.globaltimes.cn/page/202605/1362161.shtml
[3] - https://www.ft.com/content/e28fe696-ac30-4543-a105-febc82789...