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EU regulator slaps TikTok with $368m fine for violating privacy laws
(www.aljazeera.com)
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this post was submitted on 15 Sep 2023
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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.