Well, TikTok made an estimated $9.4B in revenue in 2022 making that fine 3.7%. That's pretty big.
this post was submitted on 15 Sep 2023
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If it’s not percentage based that’s just the cost of breaking that law if you feel like it.
https://kbin.social/m/technology@lemmy.world/t/457804/-/comment/2365849
Because 3.7% of their (last year's) yearly revenue totally isnt important at all, nope! It's not like it's 0.3% from the fine's maximum allowed percentage of 4.0% or anything.
not nearly enough
Good start though, right? More than most fines for similar infractions
That's cool. Sounds like a win for data security (How do I translate Datenschutz to English?)
Datenschutzgrundverordnung (DSGVO) is called general data protection regulation (GDPR) in english, so data protection seems to be fitting for the context.
Ah damn, I forgot. Thanks!