Facebook threatens to end its operations in the EU

Facebook threatens to end its operations in Europe after the EU Justice Law requested(again) to end its data transfer of EU citizens to US servers.
EU said Facebook must meet GDPR regulations, enacted time ago and has let companies adapt to the change but Facebook has not even tried to conform with the rules.

Wierd, Facebook has sued EU on privacy data grounds(being requested information by the EU regulators)

Facebook has been at ods with the EU lately.

A similar story was with conforming to Australia proposed law and threathen to end news sharing feature in the region.

The argument that Facebook brings is that it's technically challenging or impossible for them to stop the data transfer, which I find it silly at best.

Most media outlets have picked the story, here s link from vice news

The data wars have started... Tiktok, and recently, China has proposed an international standard when nations deal with technology or data but everybody shrugged. I applaude the initiative and I think we need rules on how nations and Corps deal with information technology.

I feel Facebook is playing poker, a bit too high risk.

What do you think about the story?

 

You need a link to post in World News.

https://www.theguardian.com/technol...-quit-europe-over-ban-on-sharing-data-with-us

 

The EU really is doing more to protect users of Big Web than the US has. I would like to see the US become more proactive in legislating privacy protections.

 

I would prefer to see government stay out of the internet entirely. Let the users handle things.

 

I think you need to can this story until I sell the 5 shares I bought of this stock this morning. It serves Mark right for being such a jerk with Trump. He could have used Trump to negotiate a deal which would make Facebook Great Again.

 

This would be good. It's crazy that FB has an effective monopoly and makes $billions from it.

 

So would google and facebook who make billions off people handling things themselves.

 

I can't see why Facebook would choose to close its operations in Europe...I mean 400 million customers, one of the wealthiest markets...
What kind of leverage does Facebook have? There are n other social media platforms that can replace it.
I found that FB has 4-5 billion quaterly revenue from the EU market. I dont think the cost of replicating US infrastructure in Europe is more than some millions.

I can think of one reason, Data surveillance is paramount for US dominance, NSA-Facebook partership that is holding this back. I expect US authorities to step up in this issue in a corporatocracy fashion.

 

You don't like enterprise?

 

Apparently not your definition of it.

 

Too bad. It is the source of all wealth in America. Without it we would live in caves.

 

Monopoly? What are the barriers to entry in the social media sector?

 

Maybe The Merkle could force Facebook to sell itself to BMW so they could trust it with their data.

 

I've often wondered about that

 

Same as it is in the search engine industry with Google. Competition that is so universally dominant and funded that you would never be able to compete without billions and billions of dollars

 

Weird. How was Facebook able to make MySpace irrelevant? Everyone was using MySpace, and then FB came along.

There's literally no barriers to entry. You can have a social media site up and running in a few hours, with minimal costs.

When FB started, they had one user. Entrepreneurs are born when someone tells them something isn't possible. FB will not always rule the sector.

 

Even Twitter might be more relevant now that they have figured out how to make money. Why would Walmart want Tic-Tok? Advertising platform.

 

My husband migrated completely to Twitter a few years ago. He has a nice following for his nerdy stuff.

I'm on FB, but only for a few games, read memes and look at people's pet pics. I'm not there for serious discussion. Ever. It's Reddit, but without anonymity. FB is becoming irrelevant already. This whole monopoly nonsense is just that; nonsense.

 

@zer0lis As a member of the EU, even if not an enthusiastic one, I would say good riddance. It's a big company, but most people, especially young already switched to alternatives.

 

America should do the same, stop corporations from outsourcing our data overseas to places like India

those who control the information control the power, we should not be letting other countries control our data

 

I disliked Facebook from the start, the idea of providing my real name to communicate to parties over the internet baffled me. I long used irc, email, even early browser social media platforms and it struck me I had to use my real info. Eventually, I succumbed because I need to(developer account, workgroup chat, friends available). It always was a good product, but not for me. Their growth is something to be amazed at.

I will not miss Facebook (WhatsApp yes) but there is always twitter, vk, and smaller niche social media platforms.
The void from Facebook's departure from the EU market will be quickly filled by competitors, so I don't see Facebook having a strong hand.

I agree, I do believe we need more thought(and legislation) for dealing with peoples data, for example, I don't think the state needs to know your buying pattern or history, just like Facebook doesn't need my GPS coordinates. The state can have my GPS data only in some scenarios and processes.

 

I avoid more and more most of the internet, the harder is youtube. I'm from the generation that grew up with internet, and honestly today in my early thirties, I think it was for a large part, that and video games, a big waste of times. Excepted English, some artists and tutorial videos. Real life is worth to live, internet is dangerous, it's an escapism from life, a refusal to live in a sens? I'm not bitter, or extremely regretful, but when I can I try to warn younger people.

 

I think they should leave the EU and flip them the bird on the way out.

 

Those EU GDPR rules go way too far, and seem overly silly. I had to deal with it at work, and it was a lot of drama for very little value. The hoops we have to jump through to make sure an ex employee's name doesn't appear ANYWHERE is pretty daunting. If they submitted something, updated something, made a request... their name has to completely disappear.

 

WWW is at risk as nations no longer want to share???