170
EU regulator slaps TikTok with $368m fine for violating privacy laws
(www.aljazeera.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 15 Sep 2023
170 points (99.4% liked)
Technology
59674 readers
1927 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
$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.