This would require all TikTok users to submit selfie + ID for verification and all those who don't would need to be assumed to be children and have their accounts deleted, right?

How's that supposed to be enforced if the kids lie about their ages?

>Imagine violating some law that harms children and your fine is $2k.

"Harms children". To make the analogy fair, imagine you're keeping a diary, and recording the observable information of every child that walks past your house. $2k seems like a reasonable fine.

They'll just write bigger golden parachutes into their contacts to offset the risk. That or suddenly everyone is an EVP and the C levels all are just paid fall guys.

But 25% revenue might work.

Assigning blame to the CxOs can be tricky. In this case the actual violations were from 2020, well before the EU even began its investigation, and some of the C-suite staff has changed.

Should it be the current C-suite that’s fired or the ones in charge when the violation occurred? Or maybe the ones in charge when the original policy at TikTok was created? Or what if the current C-suite was in charge, briefly, for the violating period but they’re also they ones that changed things to be in compliance before the investigation began, should they still be fired?

The diffuse responsibility makes this stuff tricky to implement.

Make such larges fines you end up with even fewer companies and the European Union gets even poorer, people keep wondering why their standards of living keep getting worse and GDP hasn't increased in over a decade. There's a reason European companies have such low tech salaries; even places like Singapore, Shanghai and the gulf countries have higher average tech salaries now than e.g. France or Germany.

10 years of gross revenue is an actual death penalty for a company.

Why go that route instead of claiming its assets in the jurisdiction and revoking its right to operate?