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As suspected, smaller companies seem to be hurting a lot more than the giants. From the article: A digital-advertising firm called AdUX recently closed a servi
by RestlessMind 9y ago
As suspected, smaller companies seem to be hurting a lot more than the giants. From the article:
A digital-advertising firm called AdUX recently closed a service that harvested location data from people’s smartphone apps to show them targeted ads, said CEO Cyril Zimmermann, because his firm had little hope of asking for—much less getting—consent from users. Instead, AdUX will aggregate data from bigger companies. He said the shift has cut into revenue. “For them, it’s easy,” he said. “The problem is, who knows AdUX?”
- flukus 9y agoSo a spyware producer had to shutdown a spyware based product because of the GDPR? That's working as intended. Hopefully it will bite the giants the same way.
- RestlessMind 9y agoGiants have too much at stake and too many resources at their disposal. Either they will throw tons of resources to fend off the problem or they will take a few bites. As an example, Google's stock was unaffected even after being fined $2.6B last year.
- Someone 9y agoThat may be because the market already had accounted for it.
- ryanlol 9y ago>As an example, Google's stock was unaffected even after being fined $2.6B last year. What is this supposed to be an example of?
- RestlessMind 9y agoHow government regulations and penalties won't really bite the giants. (to address GP's point)
- ryanlol 9y agoThe fine didn't really come as a surprise, I'm not sure why you'd expect it to have a visible effect on the stock price?
- dvfjsdhgfv 9y agoDo you really feel sorry for them? I don't.
- jon_richards 9y agoHow does GDPR affect selling personal data? Once I've given permission for a company to collect my data, can they just sell it to whoever they want? Is there any way to get rid of that data once it's been sold? Is there any way to find out who's bought it?
- michaelbuckbee 9y agoThat's a lot of questions. To sum up, the GDPR is forcing: - granular consent (like you might opt into a newsletter, but not retargeting ads) - right to request what a company knows about you - right to get that data in digital format (json, xml) - right to know when your data is exposed in a data breach - right to request that your data be deleted - right to request that an organization stop processing data about you fwiw - I wrote a bunch more about it (link) and am happy to answer questions. https://blog.varonis.com/gdpr-requirements-list-in-plain-english/ https://blog.varonis.com/gdpr-requirements-list-in-plain-eng...
- jon_richards 9y agoSo as long as there are 1000s of companies like AdUX that purchase my data without telling me or acquiring my consent, I don't really have any hope of actually having my information deleted. I suppose someone could make a service that lets you request every known company delete your info.
- PeterStuer 9y agoIf they want to comply all those 1000's of companies will have to get you to reaffirm your consent under the new GDPR rules. Didn't you notice already a lot of the services/sits you use asking you to re-agree ('We've updated our privacy policy etc.')
- jon_richards 9y agoAre you sure that all applies to companies that purchase personal information and not just companies that collect it?
- tjoff 9y agoThat is exactly the kind of cancer that GDPR is intended to remove. As they explicitly said, there is no way anyone would volunteer this yet somehow they think it is ok to abuse it just because they could. This truly is wonderful.