Facebook talks nice but takes action as European privacy rules loom [MSNBC.com]
Meta Platforms, Inc. - Class A (FB)
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Source: MSNBC.com
Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. Facebook CEO Mark Zuckerberg has spoken positively of impending European regulations meant to improve consumer data privacy. But as Facebook makes moves to limit its liability, privacy advocates are starting to question whether Zuckerberg really meant his kind words. Two major changes came to light this week with regard to Facebook’s preparations for the European Union’s General Data Protection Regulation , or GDPR, which takes effect on May 25. First, Reuters reported that the company changed the governance of its terms of service agreement for all users not in Europe — 1.5 billion of them, in Africa, Asia, Australia and Latin American — away from Ireland, the company’s international headquarters. The move puts these users outside of the E.U.’s jurisdiction. Second, Facebook introduced a new “ privacy experience ” in which users are asked to review their settings
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