There’s a new EU-US data framework that’s expected to be ratified within a year which should make EU-US transfers possible again under new guidelines. Its possible this fine was intended to pre-empt the passing of any new frameworks and cash in on the uncertainty in the interim.
Fining foreign big tech over EU privacy nuances is like taking candy from a baby. The narrative zeitgeist on both sides of the pond is in support (stories of rigged elections for 4 years turned public opinion brilliantly).
While protecting your citizens rights is a noble cause, its hard not to see the moral hazard inherent in this approach.
Abusing your position as a desirable market to impose post-hoc tariffs via an endless stream of fines is questionable IMO. Especially while the US provides Europe with its extremely expensive military support blanket (NATO) against the angry bear at its door.
Fining foreign big tech over EU privacy nuances is like taking candy from a baby. The narrative zeitgeist on both sides of the pond is in support (stories of rigged elections for 4 years turned public opinion brilliantly).
While protecting your citizens rights is a noble cause, its hard not to see the moral hazard inherent in this approach.
Abusing your position as a desirable market to impose post-hoc tariffs via an endless stream of fines is questionable IMO. Especially while the US provides Europe with its extremely expensive military support blanket (NATO) against the angry bear at its door.