5 ms·
Wait. 10 years? So $120m/year fine? That’s a rounding error
by rmm 3y ago
Wait. 10 years?
So $120m/year fine?
That’s a rounding error
- M2Ys4U 3y agoThe decision goes further than a fine, though. It orders Meta to stop transferring personal data of people in the EU to the US.
- mschuster91 3y agoHow is this actually supposed to work in practice, other than sharding EU and non-EU customers and having them unable to communicate across the shards?
- sebgaj 3y agoConfidential Cloud computing is the answer and hyperscalers work on that. You literally put your data in a black box.
- brtkdotse 3y agoMeta’s chock full of very smart, highly paid people. I’m sure they’ll figure something out.
- tremon 3y agoWhy unable to communicate? Is there any reason why the relevant non-EU customer data cannot be stored within the EU as well?
- daveoc64 3y agoIf someone in the US visits a profile page of someone in the EU, that necessitates a transfer of data outside of the EU. Perhaps that's an extreme and pedantic example though.
- mu53 3y agoFacebook has made approximately 20 billion in profit yearly for the last 5 years. They don't break down profit by country, but EU represents a small portion of users. About 10% overall. Speculating that overall profits are 2billion from EU means that the fine represents about 5% of profits. Not that bad
- Macha 3y agoNote that in the last 5 years (since GDPR came in), Facebook has also been fined €405m, €390m, €265m and €225m on other occasions: https://www.politico.eu/article/eu-hits-meta-with-record-e1-2b-privacy-fine/ https://www.politico.eu/article/eu-hits-meta-with-record-e1-...