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Drop in the bucket. Meaningless if anything a way for the EU regulators to wave the flag that they are maybe doing something but not so much as to take on TikT
by boringg 3y ago
Drop in the bucket. Meaningless if anything a way for the EU regulators to wave the flag that they are maybe doing something but not so much as to take on TikTok
- Cthulhu_ 3y agoIt may be, but they did fix the problem. They're lucky it's just a fine instead of an all-out ban.
- aldarisbm 3y agothis isn't a drop in the bucket... 1-5 million is ... almost 0.5B$ is not quite a drop in the bucket...
- layer8 3y agoFines do increase in case of continued noncompliance.
- cbg0 3y agoThe point of a fine is to discourage bad behavior, not to financially ruin a company.
- boringg 3y agoOk Mea Culpa - it was a hot take as the number seemed pretty low. Still feels relatively low but probably should be taken as a warning shot. $367M USD (If that's the final cost to Tik Tok) vs their $11B revenue for 2022 - is a noticeable hit for the company.