3 ms·

I'd say the law has worked very well in this case: The customers private data was at risk (being moved out of the jurisdiction that protects it) and an unscrupu

I'd say the law has worked very well in this case: The customers private data was at risk (being moved out of the jurisdiction that protects it) and an unscrupulous buyer preferred to pass on the opportunity than assuring the customers their data was going to be as safe as before. I see no culprits or bad actors here. Everyone looks after themselves.

jimrhods23 8y ago
It may have worked very well. But it will mean that because of these regulations, there will be less investment in any companies under the EU from outside companies. Eventually, the EU will have its own companies and separated Internet. Is this really a good thing?
- xg15 8y ago
  I can see the case that it might be harmful for the GDP, but how would less investment translate into a separate internet?
  - jimrhods23 8y ago
    Companies are already blocking IP addresses from the EU due to the new GDPR regulations. As restrictions and laws increase (which seems to be happening already), it will make sense to just block access rather than deal with draconian regulations. The end result will be a separate Internet for people in the EU because so many sites will be unavailable to them.
    - neonhz 8y ago
      Maybe they will block access at the beginning, but here in Europe we have a huge market and I do not really believe that companies will stay away just because they cannot steal our data. If so, then we will be very happy about it and someone else will get their pie slice..
      - jimrhods23 8y ago
        It's not about 'stealing data'. It's the vague regulations and overreach by the EU that will stop companies and investors from entering the EU market. "If so, then we will be very happy about it and someone else will get their pie slice.." An interesting unintended consequence is that small companies will be pushed out of the market in favor of large companies that have the money to pay for all of the legal hoops you have to jump through. A few large players dominating the market is not really in the best interest of anyone...except the companies that are able to keep out all of their competitors.
        erik_seaberg 8y ago
        This. GDPR is not merely a list of bad things not to do, compliance requires a lot of new work and risking huge penalties if someone decides your lawyer should have interpreted the (untested!) law differently.
- mk89 8y ago
  Welcome to the age of (digital) data. China understood this several years ago, and who wants to enter that market? Basically everyone, despite the costs and regulations. It means that EU will have their own WhatsApp, Facebook, etc... If these companies leave, which they don't and never will. Money doesn't have any political preference.
- strzibny 8y ago
  It's better if the EU data stay protected by EU and govern by EU companies. I welcome this as US companies are very invasive and don't want to care (Facebook, Google). If we can have pure European alternatives as China, I think better for us. I disagree it means separated Internet at all.
- Spooky23 8y ago
  When the internet hit the 2000s the idea of these universal services was super powerful. Now services are pretty quaint. Given a SaaS that is successful, multiple clones will exist in a few months. Data and sovereignty over data is the next thing imo.
- CloudNetworking 7y ago
  An Internet that respects my rights vs an Internet that does not. Why is the former a bad thing?

jimrhods23 8y ago

It may have worked very well. But it will mean that because of these regulations, there will be less investment in any companies under the EU from outside companies. Eventually, the EU will have its own companies and separated Internet. Is this really a good thing?

xg15 8y ago
I can see the case that it might be harmful for the GDP, but how would less investment translate into a separate internet?
- jimrhods23 8y ago
  Companies are already blocking IP addresses from the EU due to the new GDPR regulations. As restrictions and laws increase (which seems to be happening already), it will make sense to just block access rather than deal with draconian regulations. The end result will be a separate Internet for people in the EU because so many sites will be unavailable to them.
  - neonhz 8y ago
    Maybe they will block access at the beginning, but here in Europe we have a huge market and I do not really believe that companies will stay away just because they cannot steal our data. If so, then we will be very happy about it and someone else will get their pie slice..
    - jimrhods23 8y ago
      It's not about 'stealing data'. It's the vague regulations and overreach by the EU that will stop companies and investors from entering the EU market. "If so, then we will be very happy about it and someone else will get their pie slice.." An interesting unintended consequence is that small companies will be pushed out of the market in favor of large companies that have the money to pay for all of the legal hoops you have to jump through. A few large players dominating the market is not really in the best interest of anyone...except the companies that are able to keep out all of their competitors.
      - erik_seaberg 8y ago
        This. GDPR is not merely a list of bad things not to do, compliance requires a lot of new work and risking huge penalties if someone decides your lawyer should have interpreted the (untested!) law differently.
mk89 8y ago
Welcome to the age of (digital) data. China understood this several years ago, and who wants to enter that market? Basically everyone, despite the costs and regulations. It means that EU will have their own WhatsApp, Facebook, etc... If these companies leave, which they don't and never will. Money doesn't have any political preference.
strzibny 8y ago
It's better if the EU data stay protected by EU and govern by EU companies. I welcome this as US companies are very invasive and don't want to care (Facebook, Google). If we can have pure European alternatives as China, I think better for us. I disagree it means separated Internet at all.
Spooky23 8y ago
When the internet hit the 2000s the idea of these universal services was super powerful. Now services are pretty quaint. Given a SaaS that is successful, multiple clones will exist in a few months. Data and sovereignty over data is the next thing imo.
CloudNetworking 7y ago
An Internet that respects my rights vs an Internet that does not. Why is the former a bad thing?