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It's a good outcome even though it takes a bit of time to get there. It just means that bigger fines are in their future unless they adapt. And not just for the
by jillesvangurp 3y ago
It's a good outcome even though it takes a bit of time to get there. It just means that bigger fines are in their future unless they adapt. And not just for them of course.
In the end, Meta will have to choose between doing business in Europe while complying with the law or just abandoning the loads of people using Instagram, Whatsapp, etc. over there. My guess is they'll figure out that they don't want to walk away from that many users.
- yard2010 3y agoI can hardly believe they care about fines. It's like letting 3 flies inside of a murderer apartment as a punishment
- xigoi 3y agoAren't the fines for GDPR calculated as some% of the global revenue?
- MattPalmer1086 3y agoFor the most serious offences up to 4% of global revenue.
- jillesvangurp 3y agoWell, they might end up paying fines by the billions pretty soon. And of course, Meta has share holders and those might actually start caring when that becomes a regular thing on their books. I don't know. The EU can always just keep on increasing the fines until it hurts enough.
- supermatt 3y agoTrue, but the EU then put 6 flies, then 12, then 24, etc. That apartment will soon be full of flies.
- pgeorgi 3y agoGDPR enforcement starts slow because the idea is not to amass fines but to protect privacy. Adversarial actors can exploit that, of course, but ordinarily lack of cooperation can rack up the fines pretty quickly. The main issue is that the Irish DPA is responsible for Meta (and the other US big tech companies who have their EU HQ there) and he's (nearly criminally) negligent to the chagrin of the other European DPAs. I suppose the Irish government is scared that the companies engage in forum shopping if they're strict on enforcing European rules (and some other country offers even just slightly more agreeable terms to the companies) and then bye, bye, tax moneys.