The European Commission said today that TikTok is facing a fine because its addictive features, including infinite scroll, autoplay, push notifications, and personalized recommendation systems, are breaching the EU’s Digital Services Act (DSA).
The European Commission said today that TikTok is facing a fine because its addictive features, including infinite scroll, autoplay, push notifications, and personalized recommendation systems, are breaching the EU’s Digital Services Act (DSA).
It’s reckoned that Bytedance’s profit margin is about 20% which is insane. They’ll easily absorb the 6% (as a general rule of thumb, most businesses would be over the moon with a 10% profit margin).
30% profit drop. No Biggie. I bet it won’t even be mentioned at the AGM.
Percentages are relative. They’ll still be able to dry their eyes with the billions they’ll have made in profit.
https://finance.yahoo.com/news/bytedance-track-50-billion-profit-160444958.html
ETA: to further put things in perspective…
1 million seconds = 11 days
1 billion seconds = 33 years