The β¬550M Alibaba Fine Is a Magic Trick. You’re Watching the Wrong Hand.
The EU’s record β¬550M fine against Alibaba makes for great headlines, but it’s a parking ticket for a company that made $59B in profit. The real threat to consumers isn’t counterfeit goods β it’s the systemic plague of fake reviews that regulators can’t or won’t touch. We’re watching the wrong hand.