This article is really confusing. Basically the point is that under the current terms of service they tell you that if you are outside of the US then you are doing business with their Ireland office. Since the Ireland office is in the EU, it is subject to the GDPR. So that means that everybody outside of the US will be covered by the GDPR (because they are doing business with an EU company). They are changing their t…
Not contradicting, worth pointing out for the Americans in the audience: even if you have an exclusively US-based company, working with any EU users means you are in scope for GDPR. The consequences for violating GDPR are quite severe -- up to 20 million euro, or 4% of global turnover, whichever is greater . Again, this applies to US companies even if it's a single record of EU personal data. Furthermore, individuals…
This means that I can bankrupt small, careless companies that hold a few hundred users data?