this post was submitted on 25 Mar 2024
376 points (89.7% liked)

Technology

60091 readers
2729 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
376
Apple co-founder calls out ‘hypocrisy’ of politicians calling for TikTok ban | CNN Business (edition.cnn.com)
submitted 9 months ago by Umbrella8335 to c/technology
101 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] -1 points 9 months ago (1 children)

165 days seems to not match the bill you linked to, it appears they get fined after 180 days from when the law is enacted. That means it's entirely possible the CCP never sell TikTok at all and just pay the fees.

(2) APPLICABILITY.—Subsection (a) shall apply—

(A) in the case of an application that satisfies the definition of a foreign adversary controlled application pursuant to subsection

(g)(3)(A), beginning on the date that is 180 days after the date of the enactment of this Act; and

and then there is this bit about the consequences for taking too long:

(1) CIVIL PENALTIES.—

(A) FOREIGN ADVERSARY CONTROLLED APPLICATION VIOLATIONS.—An entity that violates subsection (a) shall be subject to pay a civil penalty in an amount not to exceed the amount that results from multiplying $5,000 by the number of users within the land or maritime borders of the United States determined to have accessed, maintained, or updated a foreign adversary controlled application as a result of such violation.

(B) DATA AND INFORMATION VIOLATIONS.—An entity that violates subsection (b) shall be subject to pay a civil penalty in an amount not to exceed the amount that results from multiplying $500 by the number of users within the land or maritime borders of the United States affected by such violation. (2) ACTIONS BY ATTORNEY GENERAL.—The Attorney General— (A) shall conduct investigations related to potential violations of subsection (a) or (b), and, if such an investigation results in a determination that a violation has occurred, the Attorney General shall pursue enforcement under paragraph (1); and

I thank you for providing this information for us, though, you've gone above and beyond and I thank you for that.

[–] KredeSeraf 0 points 9 months ago (1 children)

Out of curiosity, did you work out the math on thst fee?

[–] [email protected] 2 points 9 months ago

$700 Bn it would be funny to see them set up a 30 year payment plan just to spite the USA.