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If it's truly Ireland only, then Tiktok might just exit the country and not pay the fine. Perhaps this is what Ireland wants? Ireland is a small market. It'll
by aurareturn 2y ago
If it's truly Ireland only, then Tiktok might just exit the country and not pay the fine. Perhaps this is what Ireland wants?
Ireland is a small market. It'll take forever to make 530m in profit in Ireland for Tiktok.
- tossandthrow 2y agoTikTok has their EU office in Ireland, that is why the case is happening there. The verdict is for the entire EU, they'd have to exit the EU market.
- pjc50 2y agoTikTok EU is based out of Ireland, so they'd have to move the whole datacentre. https://newsroom.tiktok.com/en-gb/tiktok-european-data-centre https://newsroom.tiktok.com/en-gb/tiktok-european-data-centr... Meanwhile this is a very interesting read on their corporate structure: https://committees.parliament.uk/writtenevidence/13247/default/ https://committees.parliament.uk/writtenevidence/13247/defau... "On corporate structure specifically, there is a misconception that TikTok UK is a subsidiary of ByteDance's operations in China. This is not the case. TikTok UK is owned by global parent company ByteDance Ltd, incorporated in the Cayman Islands" .. now, everyone talks about China as a global enemy of freedom and accountability, but I think Grand Cayman is underestimated as a bad actor or protector thereof.
- rsynnott 2y agoIt would have to leave Europe. This is being done under the auspices of the EU GDPR.