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RE: Loyakk & GDPR: What is GDPR and Why is it Important for Businesses to Adapt?

in #loyakk • 5 years ago

That Facebook data episode was an absolute fiasco, that's for sure. Though if I remember they actually got fined hardly anything when you account for their profit figures. Crazy, really, but maybe now they'll have an incentive not to abuse their power

5 years ago in #loyakk by
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     5 years ago 

    i dont think fb will care no matter what tbh always sketchy. selling data is their whole business model.

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       5 years ago 

      I agree, it was previously quite pittiful and definitely not a deterrent. Qith GDPR, organisations can be fined up to €20 million or 4% of the organisation’s total turnover (whichever is greater). 4% of of Facebook's total turnover is a HUGE amount, so if you ask me GDPR might be what they need to keep on the right track.

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