41–50 of 409 posts
User's generally won't care about privacy, but they will care about money. What this essentially boils down to is Facebook is charging users by taking their data, which is worth some amount of money.
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I have to disagree. As someone who is grappling with the impact of these laws on US business I'm acutely aware of the non-existent privacy we all have and how our information is abused and resold. The GDPR, while a pain, are a response to decades of an industry that should have known better.
I think you're understating how much of this law is about EU resentment of US tech companies' mindshare and marketshare.
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Are you certain it’s protectionism and not simply believing human beings have a right to privacy?
Privacy rights are well protected as it is, despite what the technophobic anti-corporate maximalists would argue, this law is about limiting and controlling what american companies can do on their platforms, it limits research and puts a roadblock in front of every data point with the threat of unconscionable fines on worldwide revenue which shouldn't be allowed under international treaties.
Yes, the US regulations protecting our privacy rights are well-known, which is why the current Cambridge Analytica scandal couldn't happen, and triggered all sorts of... what's that? In fact, we have no privacy protections whatsoever? Oh.
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They'd also have to stop being based in Europe (they're officially headquartered in Ireland, because tax evasion), and (here's the kicker): stop doing business with all of Europe. Even if they had to say screw it and not do any targeting of their adds at all, it really wouldn't make any business sense for them to take their ball and go home.
I think the EU government would be in more trouble than either Google or Facebook if both companies decided to stop servicing all EU citizens. I think the only reason big companies aren't threatening that is because GDPR gives them a massive advantage over small businesses and basically permanently solidifies their positions on top of the tech world in those countries.
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Are you certain it’s protectionism and not simply believing human beings have a right to privacy?
Privacy rights are well protected as it is, despite what the technophobic anti-corporate maximalists would argue, this law is about limiting and controlling what american companies can do on their platforms, it limits research and puts a roadblock in front of every data point with the threat of unconscionable fines on worldwide revenue which shouldn't be allowed under international treaties.
The only way I could see someone believeing that it's well protected is due to making money off of violating that privacy
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It is not US corporate profits when it is from advertisements bought by Europeans for Europeans. Would you also suggest that the EU should not tax those profits?
It's US corporate profit since they are profits (revenue - expenses) made by a US corporation. This is not a tax law, what are you talking about?
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Budget supplements come from potential fines which are set at an exuberant rate. "An update" as in adding new laws and regulations all of which are unneeded and all of which are targeting US companies.
>... all of which are targeting US companies. Clearly not true, but exquisite in the context of the FB factory dodging tax via the Irish loopholes, and now moving away from Ireland as a base.
And on that note what's with all the commies here?!
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I see it written there but that doesn't mean its enforceable.
Yeah, I'm skeptical of the EU's ability to enforce their laws on someone outside of the EU (citizen or not) with a business outside of the EU.
What they can do however is turn off access to any resources being acquired in the EU. As the EU is the largest economic bloc in the world atm, and with the massive connectedness of the modern global economy, there's no way for a major internatial to flaunt the EUs laws without losing money unless the EU decides to allow it
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They'd also have to stop being based in Europe (they're officially headquartered in Ireland, because tax evasion), and (here's the kicker): stop doing business with all of Europe. Even if they had to say screw it and not do any targeting of their adds at all, it really wouldn't make any business sense for them to take their ball and go home.
I think the EU government would be in more trouble than either Google or Facebook if both companies decided to stop servicing all EU citizens. I think the only reason big companies aren't threatening that is because GDPR gives them a massive advantage over small businesses and basically permanently solidifies their positions on top of the tech world in those countries.
Earlier quoted context omitted.
Are you certain it’s protectionism and not simply believing human beings have a right to privacy?
Privacy rights are well protected as it is, despite what the technophobic anti-corporate maximalists would argue, this law is about limiting and controlling what american companies can do on their platforms, it limits research and puts a roadblock in front of every data point with the threat of unconscionable fines on worldwide revenue which shouldn't be allowed under international treaties.
The law also applies to European companies.