12.7M is pocket change.
I've been thinking for a while: how about governments fine in voting equity rather than cash? Hand the relevant voting equity over to a coop of users. It is probably the only fair way to deal with these things that would be adequately scary to work. Bonus points for bringing about democratic cooperative control of some tech giants.
I'm sure there are a ton of details which need to be worked out, and probably there are drawbacks and secondary effects I'm not seeing. Strange to ask, but... is this your idea? Just because this is the first time I'm hearing this solution. If it is yours, congrats. If you think you had it from somewhere else, does it have a name by any chance? (just so I can read up on it.)
So they will pay half of 12.7? Or is 12.7 already the half?
Last year Ofcom published a report on childrens' use of social media. It found:
"For children aged 8-12 who used social media the proportions with their own profile were; eight in ten (79%) among Snapchat users, 72% for Facebook, around two-thirds on each of the other platforms (i.e. TikTok, Instagram, Twitter), except YouTube at 43%."
- https://www.ofcom.org.uk/__data/assets/pdf_file/0015/245004/...
https://ico.org.uk/about-the-ico/media-centre/news-and-blogs...
This has to be the worse company regarding exploiting children.
Dang, maybe the threads should be merged?
Regulators are never tired of collecting and issuing fines to companies that are repeat offenders for privacy breaches and violations as I said before.
This world is a joke and your kids are the punchline.
And apologies, just realized the fine was in Pounds, not Dollars, not that it makes a difference.
What was the breach?
In brief if you offer services to children under 13 you have to get the consent of the parents. Tiktok didn't take care to check if users were under 13, nor attempt to get consent. The ICO estimates 1.4 million children came under this category (in the UK, 2020).
or any individual’s data?
To be honest, it was expected, right?
