It will offer a possibile solution in Europe, where Facebook has already been under heavy scrutiny.
It won't change anything in the US, South America, SE Asia and developing countries where Facebook is already dangerously synonimical to the whole online experience of the average user.
The hope is that Facebook will not have two different data handling strategies for EU and non-EU users and we'll see some sort of regulatory encroachment from the EU to the rest of the world. But obviously GDPR endangers so many of Facebook's shady but lucrative practices that they will have financial incentives to set up two different user silos.
> The hope is that Facebook will not have two different data handling strategies for EU and non-EU users and we'll see some sort of regulatory encroachment from the EU to the rest of the world. But obviously GDPR endangers so many of Facebook's shady but lucrative practices that they will have financial incentives to set up two different user silos.
Facebook might be one of the few organizations with the motivation and ability to set up two different regimes to contain the effects of GDPR on their practices.
In that case, I would love to know what their selection criteria is.
I wonder if other countries also start making laws like the GDPR? The EU is creating a frameworks which makes it very easy for other countries to "attach" on too.
The only danger is not having enough leverage to "prevent" companies from leaving and not adhering to privacy standards, but by cooperating this should be possible?