Post #2419759
2024-03-07 03:25 UTC
@rustyshelf@mastodon.social China govt has teeth and will destroy Apple's production capacity if they push back. This is a direct threat to their business and thus something called "fiduciary responsibility" kicks in and literally requires their leadership to act in the interest of shareholders
The EU has no teeth. They have no way to hurt Apple enough without producing huge backlash. Once again "fiduciary responsibility" dictates that Apple do whatever they can to maximize shareholder profit, which means pushing back when they know they can
It sucks but until the EU figures out a way to really hold Apple's feet to the fire, the law requires this response
Replies (3)
-
@neatchee@urusai.social 2024-03-07 03:26
@rustyshelf@mastodon.social p.s. I think the whole thing is fucked up. Fiduciary responsibility is one of the worst things we've ever come up with
-
@zbrando@social.vivaldi.net 2024-03-07 05:52
@neatchee@urusai.social @rustyshelf@mastodon.social "Let's outlaw every phone without an alternative app store" looks like a good teeth to me.
-
@Ash_Crow@mastodon.social 2024-03-07 07:47
@neatchee@urusai.social @rustyshelf@mastodon.social a fine amounting to 10% of Apple's annual worldwide revenue (the first time, 20% the second) is enough teeth to give any company a pause. And Apple execs may be screeching and fuming, they have altered their TOS to comply.