EU regulators know how to make me horny
$368m is chump change for them.
If the punishment for a crime is a fine that means it’s legal if you have enough cash
But did they make that much in this specific breach because if they didn’t then it is a decent punishment. I get what you’re saying but being worth billions and being fined millions doesn’t automatically make it pointless, that breach may have profited them 200 million is which case they just lost 168 million by doing it and won’t do it again because it wasn’t worth it.
Purely economically speaking that is true, but that’s not the only relevant thing here.
Remember it’s the Chinese Government essentially harvesting massive ammounts of data. A price well worth it, if you use it later down the line in propaganda efforts, marketing strategies and “spotting potential dissidents”.
A more apt punishment would be forcing then to delete the data, prevent future harvesting or massively increase the fine to offset potential political gains.
Tik Tok: “Fuck it make it a cool $500m we don’t have change. We made that in the ride over.”
That’s a pinch, not a slap.
According to UNICEF, the EU has 80 million kids under the age of 18, many of whom will be under 13.
Even if we were to say it was somehow a 50:50 split, that leasts 40 million kids who are potentially to be a part of this data set.
Not all of whom use tiktok of course, but in the absence of data either way, let’s assume they all are.
Is the data of 40 million people worth 345 million EUR?Is the data of 1 person worth (rounded) $9?
Mom slams her son with a whopping 5’ without internet as punishment.
