boemTikTok fined €345m for breaking EU data law on children’s accounts
This is the best summary I could come up with:
TikTok has been fined €345m (£296m) for breaking EU data law in its handling of children’s accounts, including failing to shield underage users’ content from public view.
The Irish data watchdog, which regulates TikTok across the EU, said the Chinese-owned video app had committed multiple breaches of GDPR rules.
The Duet and Stitch features, which allow users to combine their content with other TikTokers, were also enabled by default for under-17s.
TikTok said the investigation looked at the company’s privacy setup between 31 July and 31 December 2020 and said it had addressed the problems raised by the inquiry.
All existing and new TikTok accounts for 13- to 15-year-olds have been set to private – meaning only people approved by the user can view their content – by default since 2021.
This meant it had to include a proposed finding by the German regulator that the use of “dark patterns” – the term for deceptive website and app designs that steer users into certain behaviours or making particular choices – breached a GDPR provision on fair processing of personal data.
The original article contains 528 words, the summary contains 180 words. Saved 66%. I’m a bot and I’m open source!
If it’s not percentage based that’s just the cost of breaking that law if you feel like it.
kbin.social/m/[email protected]/t/…/2365849
Because 3.7% of their 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.
4% is a fee for breaking the law. It’s so low it just makes that the cost of doing business
Well, TikTok made an estimated $9.4B in revenue in 2022 making that fine 3.7% of their revenue. That's pretty big.
TikTok Revenue and Usage Statistics (2023)
TikTok, known as Douyin in its home market, was launched in China in September 2016. It quickly started to gain traction in China and parent company ByteDance launched an international version the following year. Originally launched as a short-form video sharing platform, primarily for lipsyncing and dancing videos, TikTok has grown into a fully-fledged video service, with content available for all types of viewers. ByteDance had prior experience on running wildly popular apps, as the operator of AI-powered news aggregation platform Toutiao. Zhang Yiming, the founder and CEO of ByteDance, incorporated a similar AI-platform into TikTok, which is able to identify a user’s interests and feed them more relevant videos. While many Chinese apps have failed to succeed outside of China, most notably Tencent’s WeChat,
Yeah i would imagine as a percentage of their income it is at least a double digit %
_haha_oh_wow_“Oh no. Anyways…”
-TikTok
PlexSheepThat’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!