Gene Munster: Apple can raise a 5 million euro daily fine in about 30 minutes

Gene Munster and Doug Clinton tackle today’s market bungee jump, crypto’s free fall and Apple’s daily fine for slow rolling Dutch dating payment changes.

From a video posted Monday to Loup Venture subscribers. The Apple bit starts near the end, at the 12:47 mark:

My take: If the Netherlands wants to get Apple’s attention, it might need to add some zeros to its App Store fines.

2 Comments

  1. Michael Goldfeder said:
    This seems to be the new 2.0 way that regulators from other countries are funding their public budgets, much in the way that local governments throughout the United States would derive revenues from its citizens through traffic citation fines. Apple has become the entity, or vehicle whereby revenues are being derived to pay salaries of governmental bureaucrats.

    It’s a far better and more consistent cash resource than fines paid by citizens. Who in some instances prefer to have their traffic fines commuted to community service instead by the judicial branch. Apple is the “Golden Goose” for the new millennium. The gift that keeps on giving from the perspective of countries world wide.

    What’s next? Fining Apple for the failure of its customers to utilize developers preferred methods of payment?

    3
    January 24, 2022
  2. Jonny T said:
    That maybe. But it puts legislators in mind to make it 5 days next time.

    1
    January 25, 2022

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