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Leaving doesn't mean erasing all the profiles. It just means shutting down local corporate presences. It'd suck for the employees but Facebook can run things ou
by peoplewindow 9y ago
Leaving doesn't mean erasing all the profiles. It just means shutting down local corporate presences. It'd suck for the employees but Facebook can run things out of Palo Alto just fine.
I'm not sure what it'd involve for contracts and payments. But many EU firms have US legal presences too. They could easily buy ads on Facebook through their US presence. Multi-nationalism works both ways.
- Xylakant 9y agoLet them buy ads targeted to their EU customers through their US presence, fine the EU firm for circumventing the rules. Hard? Yes. Impossible? No.
- peoplewindow 9y agoFrom the perspective of the US company, then it's not them getting fined so not their problem. And if the EU wants to fine its own companies for buying adverts, they can go right ahead and do that. Doesn't seem very practical for the local economy though.
- tripzilch 9y agoYeah but there's many other, compliant, ways to advertise so they'll just do that instead.
- manmal 9y agoThe GDPR does not allow international players to store data on EU citizens without conforming to the rules. So if FB leaves in order to avoid conformance, then they have to delete all EU citizen data.
- kasey_junk 9y agoThe point is without a European corporate presence the EU loses its ability to enforce GDPR.
- kaybe 9y agoCan ads be sold internationally that easily?
- kasey_junk 9y agoNo idea but GDPR gives folks a lot of reason to figure it out.
- manmal 9y agoYou are right, this might be the case, someday.. but as long as they have their tax-free money parked in the EU, removing all legal entities from the EU will be very expensive..