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I just feel like a fine of this size really isn’t a deterrent. The amount of revenue generated by this many users should be taken into account, and the fine sho
by noodlesUK 4y ago
I just feel like a fine of this size really isn’t a deterrent. The amount of revenue generated by this many users should be taken into account, and the fine should be at least greater than that amount of revenue.
- helsinkiandrew 4y agoA very, very rough, back of envelope calculation makes that in the order of 1.5 times the revenue per child. In 2022 (not 2000 when the fine applies to) they had approximately 1.5B users and $11.6B revenue which averages about $7.7 revenue per user (and less profit). The fine was £12.70 ($15) per user under the age of 13. Obviously the revenue of an under 13 UK child might be more or less than the average.
- jonplackett 4y agoTimTok’s turneover was something like $4.6 billion last year. So a fine of £12 million is about 0.3% to put it in context, that’s like someone making £100,000 a year getting a £300 fine. But by doing what they did they probably made a bunch of money so maybe it didn’t even affect them at all…