Two things I wonder about: first are these fines actually going to happen or is the sort of thing where it gets appealed indefinitely. And second, where do the fines go? It sounds a lot like since Ireland is where Tiktok is getting fined the fines go to the Irish government which would seem crazy. The fines are assessed in the context of the full EU, but only Ireland gets the revenue? This is broken.
If it's truly Ireland only, then Tiktok might just exit the country and not pay the fine. Perhaps this is what Ireland wants? Ireland is a small market. It'll take forever to make 530m in profit in Ireland for Tiktok.
Irish privacy watchdog hits TikTok with €530M fine over data transfers to China
121–130 of 248 posts
Re: Irish privacy watchdog hits TikTok with €530M fine over data transfers to China
#122'massive' -- by which standards? It is high time we got used to companies being fined a reasonable fraction of their revenue. And TikTok's global revenue last year alone was estimated at $20 billion to $26 billion [1]. [1] https://www.nytimes.com/2025/01/17/technology/tiktok-ban-byt...
You think TikTok cares about money? They're a propaganda arm. They don't give a shit about profitability.
Re: Irish privacy watchdog hits TikTok with €530M fine over data transfers to China
#123Earlier quoted context omitted.
> 'massive' -- by which standards? Other fines? Going by amount, it seems somewhere in the top 20 of highest single case fines of all time. Top 3 if we just look at privacy fines in Europe. > It is high time we got used to companies being fined a reasonable fraction of their revenue How does "getting used to it" changes the classification? It's still a massive amount, even it such numbers are becoming more common. An…
The point being that the actual absolute amount should not get as much attention as the percentage of revenue it represents.
Re: Irish privacy watchdog hits TikTok with €530M fine over data transfers to China
#124Reminder: Meta was fined 1.2 billion euro by the Irish data protection authority. May 22, 2023 was the enforcement date. Question: How many euro do you think have been paid as of today, 2nd May 2025?
Don't leave us hanging, none of us know.
[0] https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headline...
Re: Irish privacy watchdog hits TikTok with €530M fine over data transfers to China
#125Earlier quoted context omitted.
What bearing does their global revenue have on what Ireland has any jurisdiction to fine them? I'm not a fan or user of TikTok, but what they earn on other continents is none of Ireland's business.
Ireland's business is whatever Ireland wants it to be, if TikTok wants the pleasure of being allowed to operate in Ireland jurisdictions. And yes, everything a multi-billion dollar company does is indeed the government's business - and the people's business. We have a right to regulate them as we see fit.
Ireland offers a favorable tax and regulatory environment, within the EU, so this punishment is not only Ireland’s business. It represents the EU.
Re: Irish privacy watchdog hits TikTok with €530M fine over data transfers to China
#126Earlier quoted context omitted.
Really? A nice rational genocide or two? China is an expansionist dictatorship. It would be ridiculous to suggest it is more trustworthy than the US. The US is actually acting rationally IMO. People just look at headlines and do not dig into the reasons. You might not agree with the reasoning, but it is not irrational. For example the tariffs clearly follow from arguments made by Trump's appointees (such as Bessent a…
By that viewpoint, everything is rational. If someone hears voices in their head that tell them to shoot up a school, there’s also some reasoning that may lead them to actually do it. That doesn’t mean it’s rational. Can you give an example of behavior you consider to be irrational?
People will make the wildest claims about Trumps' polices, even people who should know better. A good example is Jeffrey Sachs saying Trump's policies should would fail an economics class - but one of the people devising Trump's economic polices got a PhD from Harvard while Sachs was a professor there!
Re: Irish privacy watchdog hits TikTok with €530M fine over data transfers to China
#127Earlier quoted context omitted.
Also, the € symbol is a suffix to amounts, not a prefix like $.
Only in some countries. The position of the currency symbol is a locale thing
Re: Irish privacy watchdog hits TikTok with €530M fine over data transfers to China
#128'massive' -- by which standards? It is high time we got used to companies being fined a reasonable fraction of their revenue. And TikTok's global revenue last year alone was estimated at $20 billion to $26 billion [1]. [1] https://www.nytimes.com/2025/01/17/technology/tiktok-ban-byt...
To hurt enough to be worth changing the fines don't have to be a fraction of their global revenue, they have to be significantly more than the benefit gained from the illegal behavior. According to that article TikTok made $10B of that $20B in the US alone, which puts a cap on their European revenue of $10B (likely significantly less because this ignores Brazil and Indonesia, which according to the linked article are…
Re: Irish privacy watchdog hits TikTok with €530M fine over data transfers to China
#129Reminder: Meta was fined 1.2 billion euro by the Irish data protection authority. May 22, 2023 was the enforcement date. Question: How many euro do you think have been paid as of today, 2nd May 2025?
Don't leave us hanging, none of us know.
Re: Irish privacy watchdog hits TikTok with €530M fine over data transfers to China
#130'massive' -- by which standards? It is high time we got used to companies being fined a reasonable fraction of their revenue. And TikTok's global revenue last year alone was estimated at $20 billion to $26 billion [1]. [1] https://www.nytimes.com/2025/01/17/technology/tiktok-ban-byt...
Worse than the small amount is the length of time it took. If you accept the accusations at face value, China has been spying on a large fraction of EU citizens for 4 years and can keep doing it for another 6 months (after which they probably won't actually stop) for the eventual fine of a few dollars per victim. The US isn't moving any faster, and most other countries aren't moving at all. So the end result is that…