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A fine is supposed to be a deterrent to illegal behaviour. Much like a fine of 100€ for speeding is unlikely to dissuade someone driving a Ferrari, a fine direc
by andrepd 1y ago
A fine is supposed to be a deterrent to illegal behaviour. Much like a fine of 100€ for speeding is unlikely to dissuade someone driving a Ferrari, a fine directed towards a company needs to be proportional to that company's revenue, or else it will just be factored as a cost of doing business.
How much value did tiktok derive from flaunting these privacy laws? It's not entirely unlikely that it was less than 530M€.