Re: The only good thing
Anyway, if there's a "Facebook Europe" subsidiary, that does all the business in Europe, how exactly would the EU be entitled to fine them based on the worldwide revenue of Facebook? And how exactly could the EU force them to pay, if Facebook itself doesn't do any business at all in Europe?
"Entitled" is a small word if you have a big stick. The writ of United States law often travels just as far and wide in respect of subsidiary and parent companies, for example in cases of breaking sanctions against Iran.
There are plenty of penalties available if the fine isn't paid, such as preventing the corporation and its subsidiaries from operating in any way within the EU, seizing its assets and those of its executives, and jailing any executives who come within reach.
Biting the hand that feeds IT
