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April 19, 2018 01:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/DIyOrq9jdGs/facebook-to-put-15-billion-users-out-of-reach-of-new-eu-privacy-law
Facebook To Put 1.5 Billion Users Out of Reach of New EU Privacy Law
An anonymous reader quotes a report from Facebook: If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook users around the world would be protected by it. The online social network is making changes that ensure the number will be much smaller. Facebook members outside the United States and Canada, whether they know it or not, are currently governed by terms of service agreed with the company's international headquarters in Ireland. Next month, Facebook is planning to make that the case for only European users, meaning 1.5 billion members in Africa, Asia, Australia and Latin America will not fall under the European Union's General Data Protection Regulation (GDPR), which takes effect on May 25. That removes a huge potential liability for Facebook, as the new EU law allows for fines of up to 4 percent of global annual revenue for infractions, which in Facebook's case could mean billions of dollars.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/DIyOrq9jdGs/facebook-to-put-15-billion-users-out-of-reach-of-new-eu-privacy-law
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