Facebook, Apple, Amazon and Google are bracing for privacy regulations

Facebook, Apple, Amazon and Google are bracing for privacy regulations

In Europe, strict privacy regulations known as the general data protection regulation come into force on May 25.
GDPR is designed to include penalties that are “effective and dissuasive.” Depending on the offense—including mishandling of personal data, failure to exclude children from age—inappropriate services or content and many others—fines can be as high as 4% of a company’s global revenue. Based on 2017 revenue, for Facebook that could be $1.6 billion.
And as GDPR rules could cover EU citizens no matter where they live or travel, multinational companies may not be able to simply fence off their services geographically. Facebook chief executive mark Zuckerberg recently said his company is working on extending GDPR protections to every user.
Facebook may be making most of the headlines right now, but in the long run, apple, google and amazon also are likely to face emboldened regulators who make rules not just for what companies do with our data, but for the devices that gather the data in the first place.

本文截取自华尔街日报英文版,208年4月8日版

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Harvey Yan

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