Doesn't it just affect companies which rely heavily on lack of privacy for monetisation? I think that's sort of the point - that your business should not rely on tracking individuals and selling that information without their consent to gov/private bodies. It's obviously a huge change, since so many big tech players rely on this to make profits. But the internet will be a much nicer place for everyone else if right to privacy is protected.
"the application of the GDPR will prevent them from using these personal data for any further purpose unless the user permits."
This seems incredibly broad from the article and would touch nearly every startup. Maybe there are limits on the businesses affected? Otherwise I'm not sure how one could formally define "rely heavily on lack of privacy for monetisation."
This law will affect everyone but it seems like it will devastate companies that have no monetization strategy other than collecting user data and either selling it or mining it for targeted ad placements.
https://unroll.me/ is a good example. They provide a free service to users but make money by leveraging their total access to your inbox to sell ad analyics and competitive intelligence.
It could also devastate small companies at an early stage which need to dedicate resources to get into compliance rather than building their product.
It might hurt the bad players but it really depends on how readable the text will be to the average user. If it's going to be a checkbox it will likely not do much.
Doesn't it affect everyone with a user account system, storage of user-generated data, error logging, usage and performance metrics, etc?
HN itself is illegal under EU regulations because you can't delete old comments, and we know that the admins know how many RPS they are getting but I haven't specifically opted in to using records of my
HTTP requests for traffic monitoring.
Doesn't it just affect companies which rely heavily on lack of privacy for monetisation? I think that's sort of the point - that your business should not rely on tracking individuals and selling that information without their consent to gov/private bodies. It's obviously a huge change, since so many big tech players rely on this to make profits. But the internet will be a much nicer place for everyone else if right to privacy is protected.