this post was submitted on 08 Dec 2024
23 points (89.7% liked)
Europe
1656 readers
595 users here now
News and information from Europe πͺπΊ
(Current banner: La Mancha, Spain. Feel free to post submissions for banner images.)
Rules (2024-08-30)
- This is an English-language community. Comments should be in English. Posts can link to non-English news sources when providing a full-text translation in the post description. Automated translations are fine, as long as they don't overly distort the content.
- No links to misinformation or commercial advertising. When you post outdated/historic articles, add the year of publication to the post title. Infographics must include a source and a year of creation; if possible, also provide a link to the source.
- Be kind to each other, and argue in good faith. Don't post direct insults nor disrespectful and condescending comments. Don't troll nor incite hatred. Don't look for novel argumentation strategies at Wikipedia's List of fallacies.
- No bigotry, sexism, racism, antisemitism, dehumanization of minorities, or glorification of National Socialism.
- Be the signal, not the noise: Strive to post insightful comments. Add "/s" when you're being sarcastic (and don't use it to break rule no. 3).
- If you link to paywalled information, please provide also a link to a freely available archived version. Alternatively, try to find a different source.
- Light-hearted content, memes, and posts about your European everyday belong in [email protected]. (They're cool, you should subscribe there too!)
- Don't evade bans. If we notice ban evasion, that will result in a permanent ban for all the accounts we can associate with you.
- No posts linking to speculative reporting about ongoing events with unclear backgrounds. Please wait at least 12 hours. (E.g., do not post breathless reporting on an ongoing terror attack.)
(This list may get expanded when necessary.)
We will use some leeway to decide whether to remove a comment.
If need be, there are also bans: 3 days for lighter offenses, 14 days for bigger offenses, and permanent bans for people who don't show any willingness to participate productively. If we think the ban reason is obvious, we may not specifically write to you.
If you want to protest a removal or ban, feel free to write privately to the mods: @[email protected], @[email protected], or @[email protected].
founded 5 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
No, to the point blue sky, not exactly big tech, is struggling to comply, after being called out.
They said they will, it's not even bad faith.
Contrary to common beliefs, regulations strongly favour big companies, because they have the resources to keep up with burocracy, while gatekeeping smaller companies
The problem isn't VC money either, because American and global funds invest in European companies too, there aren't just as many eligible ones.
Most successful start up in Europe still decide to get listen on american exchanges (see the recent klarna case) This is purely because of favorable environment lol
I mean, I really don't care, but that's exactly how european economy remained, keep doing the same thing expecting a different outcome doesn't seem smart
And no, Volkswagen is the 10th company in the world by revenues, it's not dumping, European manufacturers simply can't keep the pace. The most sold EV in Europe right now is Tesla lol
You mean Bluesky, the US VC funded company?
And by struggling, you mean this? 15 million should be enough to hire a part-time consultant for like 40k a year to tell you what pages you have to have and where. Especially if you have already founded Twitter, this should be straightforward. The EU is allergic to companies not giving a fuck, and this was Bluesky not giving a fuck. And this was not an EU fine, this was a public statement of "please".
And EU regulations usually strongly favour the consumer. GDPR compliance is easy, I know, I've done it personally for an adtech company of all, actually. As long as you have consent, it's all fine, the "oh it's so strict we can't even do anything" crowd usually wants to do something without consent which is clearly illegal, and thus "hard to do".
DMA does not apply to anything other than 6 big tech companies, so nothing to talk about there. The DSA only requires Bluesky to be transparent about moderation and offer a way to report illegal content. That's it. All the strict stuff only applies once you become a VLOP, so again, only the big ones.
Where are the scary regulations killing small businesses and stifling innovation, exactly?
It's purely because the USD is the biggest trade and reserve currency of the world, so most investment also comes in the form of USD, as most investors primarily operate in USD and thus don't have to factor in currency conversion risks. Wall Street sucks, and regulatory capture has risks of its own, but as long as the US military shoots anyone not trading in USD, we all go there to beg billionaires for money.
Who's talking about Volkswagen? I meant BYD.
The car manufacturer several times smaller than the local incumbents, thriving in the EU because of a good product? Where are the scary regulations scaring them off?