And why you don’t really see major conglomerations openly fighting back against EU regulations, only individual companies. Because they are scared to death of the EU fines that are based on percentage of total revenue.
Something like the main Samsung company getting hit with one of the big fines would literally alter global economy, either way. Since the payment would be enourmous, and if they refuse to pay they’d be blocked from operating in the EU.
And why you don’t really see major conglomerations openly fighting back against EU regulations, only individual companies. Because they are scared to death of the EU fines that are based on percentage of total revenue.
Something like the main Samsung company getting hit with one of the big fines would literally alter global economy, either way. Since the payment would be enourmous, and if they refuse to pay they’d be blocked from operating in the EU.