[rmm]

Wait. 10 years?

So $120m/year fine?

That’s a rounding error

[M2Ys4U]

The decision goes further than a fine, though. It orders Meta to stop transferring personal data of people in the EU to the US.

[mschuster91]

How is this actually supposed to work in practice, other than sharding EU and non-EU customers and having them unable to communicate across the shards?

[brtkdotse]

Meta’s chock full of very smart, highly paid people. I’m sure they’ll figure something out.

[tremon]

Why unable to communicate? Is there any reason why the relevant non-EU customer data cannot be stored within the EU as well?

[daveoc64]

If someone in the US visits a profile page of someone in the EU, that necessitates a transfer of data outside of the EU.

Perhaps that's an extreme and pedantic example though.

[sebgaj]

Confidential Cloud computing is the answer and hyperscalers work on that. You literally put your data in a black box.

[Macha]

Note that in the last 5 years (since GDPR came in), Facebook has also been fined €405m, €390m, €265m and €225m on other occasions: https://www.politico.eu/article/eu-hits-meta-with-record-e1-...

[mu53]

Facebook has made approximately 20 billion in profit yearly for the last 5 years. They don't break down profit by country, but EU represents a small portion of users. About 10% overall. Speculating that overall profits are 2billion from EU means that the fine represents about 5% of profits.

Not that bad