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Big tech needs less than three weeks to pay off over $8 billion in 2024 fines.
Penalties are getting bigger, but the real consequences remain small
The team compared the free cash flow availability of the big four – Google, Apple, Amazon, Microsoft, and Meta – with the penalties these companies received throughout the year worldwide. We need to create an environment where tech companies, no matter where they are founded, can thrive and not be hindered by the biggest players in the market, and strong competition legislation – enforcement – is vital for this. (Image credit: Proton)On almost every occasion, in 2024 Big Tech companies faced penalties either for violating their customers' privacy or antitrust practices.
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