Somehow doubt they will actually pay a penny of it though.
TikTok fined €345M for breaking EU data law on children’s accounts
161–170 of 373 posts
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#162Earlier quoted context omitted.
Why should we? We have rules in place and tiktok broke them -> they get fined. Nothing insane here.
Unbelievable fines, that's the problem in this one case.
Massive fines is the only deterrent for large corporations, it affects their bottom line, it can't be taken just as a cost to do business and ignored. When a corporation is on the hook for paying up to 4% of global revenue then the shareholders will care about not breaking the law.
That's the whole fucking point...
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#163Re: TikTok fined €345M for breaking EU data law on children’s accounts
#164Re: TikTok fined €345M for breaking EU data law on children’s accounts
#165Re: TikTok fined €345M for breaking EU data law on children’s accounts
#166Earlier quoted context omitted.
Unbelievable fines, that's the problem in this one case.
Massive fines is the only deterrent for large corporations, it affects their bottom line, it can't be taken just as a cost to do business and ignored. When a corporation is on the hook for paying up to 4% of global revenue then the shareholders will care about not breaking the law. That's the whole fucking point...
[flagged]
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#167I was wondering, I've recently picked up Tiktok and on the live streams, despite it saying that you need 1000 followers and be 18 years old, I saw so many kids, live streaming. I was wondering why they didn't enforce their own rules. I'm guessing, too large amount of streamers, but even if you had only one dedicated person, you'd certainly find enough teens or children live streaming. So this is quite the timely ruli…
> why would people between 13 and 18 be prohibited from streaming?
The parasocial relationship with an audience, especially a large one, does weird things even to adults.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#168Is EU the only significant power on this planet that isn't ... for a lack of better word, evil?
The EU's behavior during the Greek debt crisis was pretty evil. 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 econom…
It's interesting that post-New Deal US is much more redistributive between the states than the EU has yet managed to achieve. Probably due to not having any direct taxation power of its own either.
EU "fiscal discipline" combined with bank bailouts looks so harmful in retrospect.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#169Earlier quoted context omitted.
Why should we? We have rules in place and tiktok broke them -> they get fined. Nothing insane here.
Unbelievable fines, that's the problem in this one case.
You've repeatedly claimed this fine is unbelievable, but that seems like a skill issue on your part. I have no trouble believing the reality of this fine. And tech corps should have no trouble believing it either. They better wisen up and respect the EU's laws if they think these fines are too large to bear (in reality, the worst violators can bear these fines just fine, and the EU should be issuing arrest warrants for the executives to make a real impact.)
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#170Is EU the only significant power on this planet that isn't ... for a lack of better word, evil?
The EU is ridiculously pluralist and consensus-driven. This makes it a sort of small-c conservative; it's not prone to whimsical bad ideas and grandstanding. Its failure mode is in the opposite direction of just gradually over-regulating small business out of existence.