05 Apr Facebook’s Zuckerberg Fails to Fully Commit to EU Privacy Standards Globally
In an interview last Tuesday, Facebook CEO Mark Zuckerberg said that he agreed “in spirit” with the EU’s new data privacy laws, but did not give a definite answer as to whether such privacy protections would be extended to other regions.
Zuckerberg revealed that they were working on policies that would bring some European privacy guarantees. However it is said that US users may not be given privacy protections as strict as their European counterparts.
Experts say that the GDPR is likely to hit Facebook hard as the new privacy rules could restrict the firm’s use of personal information, thus reducing the value of ads. It will also have to spend more on lawyers to ensure compliance.