Earlier quoted context omitted.
Well add a 3 strikes law [0], after all corporations are supposed to be person, from a legal standpoint. 3 strikes, and the company is dissolved. In fact, this should definitely happen for US credit rating companies which keep on leaking data. [0] https://en.m.wikipedia.org/wiki/Three-strikes_law
I think a 3 strike against the CxO as a person will be more effective. 1st strike blocks you from working as CxO for 5 years, 2nd strike for 10 years, 3rd strike is forever. Right now too many bad CxO jump from one ship to the next again and again.
TikTok fined €345M for breaking EU data law on children’s accounts
221–230 of 373 posts
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#222Where does the money go?
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#223Earlier quoted context omitted.
What sort of fine would you consider not to be a drop in the bucket? This fine looks to be an estimated 1/8 of TikTok's profit in 2022.
25% of Annual Revenue and firing of all CxOs (CEO, COO, CTO etc)
Should it be the current C-suite that’s fired or the ones in charge when the violation occurred? Or maybe the ones in charge when the original policy at TikTok was created? Or what if the current C-suite was in charge, briefly, for the violating period but they’re also they ones that changed things to be in compliance before the investigation began, should they still be fired?
The diffuse responsibility makes this stuff tricky to implement.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#224Earlier quoted context omitted.
Whoa now, slow down there. Ban some of what TikTok's doing and enforce it fairly? Sure. But let's not actually get more authoritarian here.
Bearing in mind that TikTok is itself banned in China. ;)
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#225Earlier 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.
If a company chooses to leach data they have a large responsibility to ensure they handle children appropriately.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#226Earlier quoted context omitted.
What sort of fine would you consider not to be a drop in the bucket? This fine looks to be an estimated 1/8 of TikTok's profit in 2022.
An appropriate punishment would be: All children's accounts must be deleted and no new ones for minors allowed to exist for 2 years. Any further infringement and the App is banned from the EU.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#227Earlier quoted context omitted.
What sort of fine would you consider not to be a drop in the bucket? This fine looks to be an estimated 1/8 of TikTok's profit in 2022.
If you make $100k in a year in wages, and after all your expenses you net $16k in savings, 1/8 of that is $2k. Imagine violating some law that harms children and your fine is $2k.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#228I 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…