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>This problem is practically fixed in the EU (to the extent that legislation can fix it). Data protection laws have enough teeth that real companies can’t affor

>This problem is practically fixed in the EU (to the extent that legislation can fix it). Data protection laws have enough teeth that real companies can’t afford to keep or sell customer information illegally Not even close to the case for any big player. It just exists as a moat for smaller companies.

IsTom 1y ago
https://www.enforcementtracker.com/ https://www.enforcementtracker.com/ and sort by amount, these are not small companies and amounts aren't exactly trivial either, with a mechanism to get bigger if ignored.
- onion2k 1y ago
  Meta appear 4 times in the top 10 with a total of about 2.25bn in fines. That sounds like a lot but it's only 1.6% of their revenue. As a cost of doing business that's probably acceptable to the Meta board. It'd cost them more to do things properly, so there's little incentive to do so.
  - layer8 1y ago
    The fines will increase if they continue breaking the rules, so there is incentive.
    - coldtea 1y ago
      The fines are calculated to be enough to pad the coffers of the EU bureucracy and for FB to not really care, to keep this racket going.
  - IsTom 1y ago
    Besides fines being able to grow that's global revenue, probably a bigger part of EU revenue. And their margins aren't 100%.
closewith 1y ago
I've worked with many large enterprises, including US megacorps, who have completely changed how they handle EU data post-GDPR. It's not perfect, but it's certainly not just a toll to be paid to continue old practices.
deleted 1y ago
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immibis 1y ago
Like with most laws, smaller companies have smaller chance to get caught and smaller likely penalties. But I've noticed there are two kinds of people when it comes to entrepreneurship and regulations. There are people who go all gung-ho and do what they want and ignore the law as much as they can get away with. And there are people who are so scared of things like laws that they never become entrepreneurs. I don't see much of a middle ground in practice.

IsTom 1y ago

https://www.enforcementtracker.com/ https://www.enforcementtracker.com/ and sort by amount, these are not small companies and amounts aren't exactly trivial either, with a mechanism to get bigger if ignored.

onion2k 1y ago
Meta appear 4 times in the top 10 with a total of about 2.25bn in fines. That sounds like a lot but it's only 1.6% of their revenue. As a cost of doing business that's probably acceptable to the Meta board. It'd cost them more to do things properly, so there's little incentive to do so.
- layer8 1y ago
  The fines will increase if they continue breaking the rules, so there is incentive.
  - coldtea 1y ago
    The fines are calculated to be enough to pad the coffers of the EU bureucracy and for FB to not really care, to keep this racket going.
- IsTom 1y ago
  Besides fines being able to grow that's global revenue, probably a bigger part of EU revenue. And their margins aren't 100%.

closewith 1y ago

I've worked with many large enterprises, including US megacorps, who have completely changed how they handle EU data post-GDPR. It's not perfect, but it's certainly not just a toll to be paid to continue old practices.

deleted 1y ago

[deleted]

immibis 1y ago

Like with most laws, smaller companies have smaller chance to get caught and smaller likely penalties. But I've noticed there are two kinds of people when it comes to entrepreneurship and regulations. There are people who go all gung-ho and do what they want and ignore the law as much as they can get away with. And there are people who are so scared of things like laws that they never become entrepreneurs. I don't see much of a middle ground in practice.