Some people DO actually go to bed early and get up early. It's not called losing sleep.
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Facebook Fined Record $1.3 Billion Over EU User Data Transfers to the US
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That is only part of what the EU is. It is a lot more than just that and has always been.
Its predecessor organisation (the Coal and Steel Community established in 1952!) had even been conceived above all as a peace project, a structure to make it inherently impossible for member countries to restart a military arms race against each other after two world wars.
Everything else have been add-ons to that, expanding it to external trade, promotion of democracy and civic freedoms and such things as competition oversight.
The EU loves a lot more when everyone simply sticks to the rules!
There is a proper due process to such proceedings and the EU Commission is pretty transparent in its prosecution of violations, which are all easily avoidable!
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Primarily due to mismanagement and far-east cost pressures.
One of its most important remnants is ASML, however, the former Philips chip manufacturing arm which today dominates the worldwide market in high-end chip manufacturing machines which are essential for TSMC's most advanced processes like the N3 for Apple's M3 generation!
Another counter-example: Airbus, now holding about 60% of the global airliner market!
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Next step: User-influencing algorithms will need to be documented!
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We give a lot of grief to China for having a Balkanized internet that is largely separate from the rest of the world but I suspect we are heading in that direction with Europe, the US, and Latin America as well.
No. There are no blockages from the EU side, only the obvious requirement that if you're conducting business on EU soil (such as selling advertising slots to EU businesses to be presented to EU residents) you are required to stick to the rules!
Of course we do: The fines go into the EU budget which pays for infrastructure projects and much more across the EU!
So these fines replace some of the national EU contributions which can be correspondingly lower than they would have had to be otherwise – effectively they lower our taxes!
Respectfully disagree. Take data protection and GDPR: The regulations are extremly complicated; no one who does not work full-time on the subject (and not even these people) has any chance to understand what's going on; you are subject to massive fines if a court rules that you have violated some laws; no one can tell you beforehand whether you violate law or not because it is all so complicated and all are waiting for court rules.
The common market was a great idea as long it was, well, about a common market and not, as of today, about a regulation overkill in many subjects, not only data protection.
I wish other companies would get busted as Facebook has. I know several that are WORSE, one of them is LinkedIn, the other is Duolingo, both are unscrupulous data hogs.
Yes we should be bashing Facebook, (I know that's very fashionable around here), but did we not also notice this;
..............over concerns resulting from the Edward Snowden revelations that EU user data is not sufficiently protected from U.S. intelligence.
..............over concerns resulting from the Edward Snowden revelations that EU user data is not sufficiently protected from U.S. intelligence.
It is not trivial to apply for businesses, but that is effectively the backlash after decades of sloppy, overreaching data abuse in past decades which is now no longer possible – whether by EU or by national legislation it was long overdue to hand control of personal data to their rightful owners: The persons themselves!
Most difficulties are experienced by businesses which are still trying to violate user's privacy even now; That this is now getting harder and harder is the whole point!
Where is that "overkill" supposed to be, exactly?
Most new regulations are not particular to the EU but particular to changing priorities and needs, such as environmental or food safety regulations.
And having unified regulations across the continent where a business only needs to satisfy the local implementation and will then be able to transparently sell to anyone across the Union without any paperwork is a massive boon – just ask the brits about their nightmarish experiences with losing all those benefits!
GDPR isn't hard to understand. Took me about a week to come to grips with it and to communicate what we could and could no longer do in the EU.
Also, a big part of what's news here is that many if not the vast majority of high-tech firms picked Ireland with the understanding that Ireland would go easy on enforcement, and for years that was true.
Not any more...
Also, a big part of what's news here is that many if not the vast majority of high-tech firms picked Ireland with the understanding that Ireland would go easy on enforcement, and for years that was true.
Not any more...
But only after Max Schrems forced the previously excessively lenient irish regulator to step up their game by suing them all the way!
I’m going to go out on a limb here and say that it’s been a couple of years since you were a teenager! Am I right?
Great song
Blimey I’ve not heard that one for decades. Off to iTunes now. Thank you.
TheYayAreaLiving 🎗️
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I didn't lose any sleep over it. The thing is.. I live here.
it was a joke. should have included a "/s" I guess...
That’s a very generic statement that has little to do with the issue here. Companies can store their EU data in EU datacenters and that would completely solve the issue. Actually US companies would be even better off storing all US data in the EU as these would be much better protected against any government. This has nothing to do with innovation.
I’m not always the biggest fan of the EU, but this is a very strange comment. Lack of regulation has unintended consequences too (just look at the recent Ohio rail disaster). Rather than hand wave over innovation, i think a concrete analysis would show the EU actually does quite well on innovation. But that neoliberal societies are generally all (US, EU, etc) doing rather badly on the innovation front. The issue today is not that innovation “moved elsewhere” but that it is globally dead, because of corporate monopolization.
At this point, we should just ban the EU and send them back to the stone ages.