Earlier quoted context omitted.
If respecting privacy prevents tech companies from forming, then we should all be celebrating when those tech companies fail to form.
this is a naive take. companies will still be formed. they will just http 451 all EU users. like threads does right now. this will also mean losing out, but i guess europeans are used to losing out, and actually prefer it?
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
#312This is a good start, but I'm going to be very curious to see if EU data law ever starts getting enforced against european companies at scale, as opposed to international companies.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#313Earlier quoted context omitted.
They kinda are but most EU companies just avoid it by not really collecting your data to begin with beyond what they need for service operation. 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 coll…
And every organization in the EU has had to deal with the fact that this is now law, and had to think what they needed to change to comply with it. All companies, but also e.g. tiny volunteer run organisations (my local scouts group asks for health insurance, medical information, allergies etc of the kids again and again for every camp they go on because they don't keep the forms around anymore for the next one like…
A lot of people were wrongly influenced by DPD consulting wannabes on their first gig. I have seen small org burn years of contacts they could have kept or easily manage in respect with the provisions of the law.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#314Re: TikTok fined €345M for breaking EU data law on children’s accounts
#315Re: TikTok fined €345M for breaking EU data law on children’s accounts
#316Earlier quoted context omitted.
I think that number is their revenue rather than their profit, which is probably closer to $3 billion. So, this fine would be (very roughly) 10% of their profits for the year.
Fines against companies should be revenue based instead of profit based. Companies have too much wiggle room from revenue to profit.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#317Re: TikTok fined €345M for breaking EU data law on children’s accounts
#318Earlier quoted context omitted.
I'm confused. What's the connection?
The EU has made a deal, investing massive amounts of money into North African countries to keep refugees from crossing the sea. The EU representatives negotiating the deal knew exactly what was going on, even before the deal was happening. There's no easy solution to the mass immigration problem, but this "solution" makes things worse for everyone.
Re: TikTok fined €345M for breaking EU data law on children’s accounts
#319Earlier quoted context omitted.
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.
>Imagine violating some law that harms children and your fine is $2k. "Harms children". To make the analogy fair, imagine you're keeping a diary, and recording the observable information of every child that walks past your house. $2k seems like a reasonable fine.