I would actually wait until GDPR to kick in before deleting Facebook, or any other online account for that matter, so that keeping user information even after a user has requested deletion is simply against the law.
I don’t think the fines for violating GDPR are large enough to make Facebook think twice about ignoring it. Short of dissolving Facebook and seizing its assets under civil forfeiture, no civil or criminal penalty seems severe enough to force it to consider the public good.
0.04 << 1 until you can quantify the cascading PR impact. It will not effect their day-to-day operations from an economic standpoint.
I would be curious to know how many people have actually taken action on their FB usage based on the recent CA news outbreak. I am willing to bet it’s miniscule.
The fines are per distinct issue (not number of people affected). If Facebook breaches GDPR with multiple issues, then Facebook could get hit by a large percentage of their annual revenues.
I would actually wait until GDPR to kick in before deleting Facebook, or any other online account for that matter, so that keeping user information even after a user has requested deletion is simply against the law.
I don’t think the fines for violating GDPR are large enough to make Facebook think twice about ignoring it. Short of dissolving Facebook and seizing its assets under civil forfeiture, no civil or criminal penalty seems severe enough to force it to consider the public good.
Actually, they are very large:
Based on 2017 revenue [1] of $40B, that’s $1.6 Billion Dollars
But it’s not just the fines. The blowback from the stock hit and shareholder loss, as well as cascading PR impact, is a high motivator too.
[0] https://www.gdpreu.org/compliance/fines-and-penalties/ [1] https://www.statista.com/statistics/277229/facebooks-annual-revenue-and-net-income/
0.04 << 1 until you can quantify the cascading PR impact. It will not effect their day-to-day operations from an economic standpoint.
I would be curious to know how many people have actually taken action on their FB usage based on the recent CA news outbreak. I am willing to bet it’s miniscule.
1.6 billion dollars vs deleting the data of one user who wants to leave?
The fines are per distinct issue (not number of people affected). If Facebook breaches GDPR with multiple issues, then Facebook could get hit by a large percentage of their annual revenues.