Big Tech's Billion-Dollar Fines: Paid or Evaded?
Big tech companies, including Meta (formerly Facebook), TikTok, Amazon, Google, and Apple, have been accumulating billions of dollars in fines for various violations such as price fixing, antitrust abuses, and data misuse. However, many of these fines remain unpaid for years as the companies appeal the decisions. Critics argue that financial penalties alone are insufficient to deter bad behavior and call for more drastic action, such as competition regulators stepping in to halt mergers and break up the companies. Uneven application of rules and lenient appeals processes contribute to the problem, while activists emphasize the need for corrective measures beyond fines.
