TikTok fined €345M for breaking EU data law on children’s accounts

At least in my experience, when I deal with a service in the EU, their privacy policy fits on a few A4s, with the important bits frontloaded and written in an easily understandable way. Even most banks don't really hide what they collect on you and they explain why they collect it.

It's only foreign companies that tend to insist on massive privacy policies that border on being incomprehensible and use them to skirt the law. Seriously, just look at Googles privacy page for example - it's a single giant page that mostly just restates over and over "Google may collect info about you". It's unclear what the data is being used for, it's extremely reliant on other pages to detail what's being used and your average person has probably lost the plot by now.

It's difficult to put it in any other way, but foreign companies are the ones who think they can get away with breaking the law and make it as difficult as possible to trace what they're doing with your data. European companies just tend to actually follow the law. That's why all the landmark cases are against foreign tech giants.

Imagine if a US state were in serious debt, and the US federal response were to slash Social Security, Medicaid and Medicare benefits to the state. The EU view was that Greece should get out of debt by massively slashing government spending, including on virtually all social services, which sent the country spiralling into a Great-Depression-level economic collapse. That made repaying the debt even more difficult, which necessitated even deeper cuts, which made the economy collapse even further, and so on for years. Greece endured years of 20+% unemployment, and GDP/capita has fallen to the level it was 20 years ago.

This company changed it and stopped it, and they still imposed a 2.5% revenue fine for a first offense!!