Drudge Retort: The Other Side of the News
Monday, November 12, 2018

Europe has a privacy law which Americans lack. It says each individual owns their own personal data which cannot be sold or exploited by Corporations. Google and Facebook realize they must now comply. California is moving towards a law similar to the EU, while Google and Facebook lobbyists swarm Sacramento. Of course, no one in DC's Trumpland cares.

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Our elected Federal officials should take similar action.

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Our elected Federal officials should take similar action.

They will... as more and more of their personal information is released by the likes of Antifa and Media Matters...

Usually nothing happens till someone's killed. Then they name the law after them.

#1 | Posted by Pegasus at 2018-11-12 11:52 AM | Reply

Unfortunately, we are going to see a shift soon where the cost of complying with regulations like the GDPR is more than the penalties. Companies have already started ignoring some regulations and just pay the penalties. While the GDPR does levy hefty fines of 4% of revenue, to large companies like Google, the money they have to spend to comply with the GDPR is approaching the fine amount. I've already done some assessments where certain data privacy risks are signed off on and money amortized just to preemptively pay fines. And while that money sits, it makes revenue in interest. Companies know how to stretch every dollar and this is no different. Data privacy is an NRG and companies will continue to play loose with the rules until someone comes up with an actual strategy that works for the business and the customer at the same time. The GDPR places too much burden on the business so we will slowly see more companies paying for non-compliance than actually complying with the rules.

#2 | Posted by humtake at 2018-11-12 11:53 AM | Reply

Maybe this happens because our pols are for sale. And if the cost of complying is more than the penalties that just means the penalties are too low. Multiply all penalties by 10 and the problem goes away.

#3 | Posted by SomebodyElse at 2018-11-12 11:57 AM | Reply

#2 | Posted by humtake

I had to work on implementing GDPR here, it isn't that burdensome. What it means to big companies is a loss in revenue because they can't track you like they did before if they comply.

Then again if you have to accept terms to use a web site you are bypassing GDPR protections...

#4 | Posted by GalaxiePete at 2018-11-12 02:29 PM | Reply

Data collection and resale is an important revenue stream for Facebook and Google. Their other revenue stream is advertising. Facebook and Google aren't leaving Europe because of GDPR. The only cost of compliance is loss of one revenue source, so they will comply. It doesn't cost anything to not do what they used to do. However, its possible that that revenue stream loss is greater than the expected fine which creates a moral hazard and possible non-compliance.

In the USA and Sacramento, there is no GDPR, so the cost will be lobbyists who will stop or water down the legislation, filling it with loopholes. Most people working on the side of decency are volunteers, whose only strength is derived occasionally from large numbers, and ultimately sustained by decency and truth..

#5 | Posted by bayviking at 2018-11-12 06:14 PM | Reply | Newsworthy 1

After using the facebook application for three years the lawyer in this case found that facebook had a 1200 page file on him which included every text message he had ever sent to anyone, even those he had deleted. Europeans now have a right to see and have those files deleted. Americans have no such right.

#6 | Posted by bayviking at 2018-11-13 10:35 AM | Reply

Yeah but we have dank memes and legal weeds.

#7 | Posted by IndianaJones at 2018-11-13 02:50 PM | Reply

Now I understand why the Trumpers have such a problem with Europe. They hate them "for their freedoms". Why does that sound familiar...

#8 | Posted by WhoDaMan at 2018-11-13 03:07 PM | Reply | Newsworthy 2

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