European regulators just dropped a $140M hammer on a major American social platform. The response? Absolutely nuclear.
The company's chief went full scorched-earth mode, suggesting the entire EU regulatory framework should be dismantled. Not reformed. Not adjusted. Abolished.
Meanwhile, the current US administration isn't staying quiet either. They're backing the pushback against what they see as regulatory overreach from across the Atlantic.
This isn't just corporate drama. It's a clash of regulatory philosophies that could reshape how global tech platforms operate. One side wants stricter oversight. The other's calling the whole system illegitimate.
The fine itself? Nine figures. The implications? Way bigger than the dollar amount suggests.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
7
Repost
Share
Comment
0/400
ChainWallflower
· 1h ago
A fine of over $100 million directly drove the platform's CEO crazy, haha.
2. The EU's move is both ruthless and precise, now the Americans can't sit still—this is turning into a real show.
3. To put it bluntly, it's just a tug-of-war between Europe and the US to see whose rules are more intimidating...
4. One wants to regulate, the other says your regulation lacks legitimacy, but in the end, it's the users who suffer.
5. $140M burned, the real war is just beginning...
6. It feels so good to see such a big company getting pinned down and beaten!
7. Forget about the frameworks, I just want to know if this will impact the crypto space...
8. The EU enforces with an iron fist, the US backs them up, and the platform CEO just outright denied everything—unbelievable.
View OriginalReply0
CryptoWageSlave
· 1h ago
$140 million was thrown at them and they still didn’t back down. Instead, they want to dismantle the EU regulatory framework? Is this guy truly bold or just really desperate?
View OriginalReply0
DefiVeteran
· 1h ago
Damn, here we go again. The EU just loves handing out fines.
View OriginalReply0
BagHolderTillRetire
· 1h ago
The EU really dares to impose fines. The American tech giants are freaking out now, haha.
View OriginalReply0
GrayscaleArbitrageur
· 1h ago
You think a $140M fine will make the big companies bow down? Keep dreaming.
View OriginalReply0
shadowy_supercoder
· 2h ago
1. Trying to rein in tech giants with just over $1 billion? The EU’s tactics are really outdated.
2. The whole US-EU spat is honestly just a power game—everyone wants the biggest piece of the pie.
3. Dismantling the entire regulatory system… Dude, are you out for blood? Really seeing yourself as the savior?
4. Interesting—finally seeing the big platforms dare to push back hard.
5. With the US government stepping in, things just got a lot bigger… Global tech governance is about to be rewritten.
6. A $140M fine only made the other side angrier—maybe there’s something wrong with the regulatory strategy?
7. Neither side is backing down, but in the end, it's users and small businesses who pay the price.
8. Is this what they call egg against stone? The EU really isn’t backing down.
9. The money is a minor issue; what matters is who gets to set the rules… That’s the real battle.
10. Feels like this is far from over—it’s only just getting started.
View OriginalReply0
NFTregretter
· 2h ago
Think you can hurt major US companies with just 140M? The EU’s tactics are really getting more and more aggressive...
European regulators just dropped a $140M hammer on a major American social platform. The response? Absolutely nuclear.
The company's chief went full scorched-earth mode, suggesting the entire EU regulatory framework should be dismantled. Not reformed. Not adjusted. Abolished.
Meanwhile, the current US administration isn't staying quiet either. They're backing the pushback against what they see as regulatory overreach from across the Atlantic.
This isn't just corporate drama. It's a clash of regulatory philosophies that could reshape how global tech platforms operate. One side wants stricter oversight. The other's calling the whole system illegitimate.
The fine itself? Nine figures. The implications? Way bigger than the dollar amount suggests.