The European Union's Digital Networks Act will spare the US tech giants from binding new obligations.
Winners: Big US Tech – GOOGL, META, MSFT, AMZN and NFLX
Losers: European Telcos – Deutsche Telekom (Germany), Orange (France), Telefónica (Spain), TIM (Italy) and others
No Fair Share Fees: There will be no legal mandate forcing platforms to pay for the bandwidth they consume.
Voluntary Cooperation: Instead of rules, the EU will implement a best practices regime moderated by BEREC (the EU telecom regulators group).
Spectrum Reform: The new legislation aims to simplify spectrum licensing to help telcos, but won't force Big Tech to foot the bill for the €200 Billion investment gap.
GOOGL, META, MSFT, AMZN and NFLX: Big Tech win as EU backs off heavy handed digital regulations
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Posted by Not69Batman
5 Comments
I reckon the return on investment on bribes is one of the best in US. I wonder if there’s a study on how much profit do companies make per one dollar of bribes paid to the regime.
EU bends the knee (as usual).
Maybe Google can one day remove “EU fines” from their 10k earnings reports.
Good news for the US. Good US leadership matters.
I’m looking to short the EU, I don’t see a bright future for them, and I am looking to profit off of their misery. Frankly, I think that they deserve what they get. I suppose there are some EU ETFs which I will look into. I’ve been trading for years and I never short anything, I am a mega bull, but I will make an exception for the EU maybe.
About time the Euro poors are coming to their senses..