Europe is accelerating its fall behind in the AI era, and this is no coincidence.
The EU fined Google $10.5 billion, and what was the result? Google simply listed it as "regular expenses" in their financial report, just like quarterly utility bills😂 Even with such a hefty fine, they remain unfazed. What does this indicate? It shows that fines have become the EU's "creative revenue source."
Regulatory authorities have shifted from antitrust enforcement to a fee collection model. Tech companies are being milked more and more, and they simply treat it as a business cost. This logic is truly ironic—the original goal was to protect the innovation ecosystem, but instead, they are diverting companies' innovation budgets to pay fines.
Moving from an innovation economy to a litigation economy—that's the current portrait of Europe. No wonder entrepreneurs prefer not to settle in places like Spain or Portugal, where the regulatory ceiling is set. Entrepreneurs are either scared off by fines or their innovation drive is exhausted, and in the end, the fat profits flow into the government’s pockets. With this business model, who still has the heart to innovate?
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FloorPriceNightmare
· 20h ago
1.05 billion can be used to cover electricity bills; Europe's regulation has really become a tax for big companies. LOL
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PseudoIntellectual
· 20h ago
The EU's move is truly incredible, paying fines like water bills, and stifling innovation to death. No wonder big companies are all rushing to Silicon Valley in the US.
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BlockchainBrokenPromise
· 20h ago
A 10.5 billion yuan fine has become a regular expense. The logic is incredible—regulators have forcibly turned themselves into a "mafia."
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MetaMasked
· 21h ago
The EU's approach is really clever—fines paid as water bills. Isn't this just a disguised innovation tax? No wonder everyone is heading to Silicon Valley in the US.
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AirdropGrandpa
· 21h ago
1.05 billion in fines has really become the EU's quarterly tax revenue, hilarious. How is this any different from arbitrage?
Europe is accelerating its fall behind in the AI era, and this is no coincidence.
The EU fined Google $10.5 billion, and what was the result? Google simply listed it as "regular expenses" in their financial report, just like quarterly utility bills😂 Even with such a hefty fine, they remain unfazed. What does this indicate? It shows that fines have become the EU's "creative revenue source."
Regulatory authorities have shifted from antitrust enforcement to a fee collection model. Tech companies are being milked more and more, and they simply treat it as a business cost. This logic is truly ironic—the original goal was to protect the innovation ecosystem, but instead, they are diverting companies' innovation budgets to pay fines.
Moving from an innovation economy to a litigation economy—that's the current portrait of Europe. No wonder entrepreneurs prefer not to settle in places like Spain or Portugal, where the regulatory ceiling is set. Entrepreneurs are either scared off by fines or their innovation drive is exhausted, and in the end, the fat profits flow into the government’s pockets. With this business model, who still has the heart to innovate?