TikTok fined €345M for breaking EU data law on children’s accounts
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Re: TikTok fined €345M for breaking EU data law on children’s accounts
#2[flagged]
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#3That's quite a fine for a single-country ruling, it's like 2.6% of a year of revenue — or 10 days.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#4[flagged]
What?
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#5[dead]
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#6That's quite a fine for a single-country ruling, it's like 2.6% of a year of revenue — or 10 days.
The fine is for the entire EU, it was only handled by the Irish authority because TikTok headquarters are there.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#7That's quite a fine for a single-country ruling, it's like 2.6% of a year of revenue — or 10 days.
The article says the Irish agency is enforcing this for the entire EU. I think this is called the "one stop shop" solution which a lot of large foreign companies and Twitter use to avoid being fined by each member state individually. It also involves some closer oversight I think.
I'm explicitly saying Twitter not X Corp because Musk in his infamous wisdom fired everyone at Twitter Ireland who was involved in ensuring they remained compliant. I think part of the requirement was also that every feature launch is run past the Ireland team to make sure it doesn't violeate EU data laws. Musk has not done that for any of the changes he introduced since the leveraged buyout.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#8Oh no they'll never make that back
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#9[flagged]
Wrong thread or too much wisdom.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#10This is pretty interesting time with the social media / data companies. Will this be the new normal? Where, like clock work, another fine gets announced? Or will we transition through this period into one where they know how to, and also do, comply and the regulations don't change a ton?