Facebook shifting our data
LIKE other big companies such as Apple, Facebook set up offices in Ireland to take advantage of the country’s low corporate tax rate.
But thanks to stricter consumer privacy laws passed in the European Union — which is basically anathema to Facebook — the social media giant has had to reverse course to avoid extending the same privacy protections to you or me.
Facebook members outside the US and Canada, whether they know it or not, are governed by terms of service agreed with the company’s headquarters in Ireland.
Two years ago the EU passed the General Data Protection Regulation (GDPR) which gives EU residents greater access to and control over their own data.
It comes into force in Europe on May 25 and essentially sets a global precedent for consumer rights over their data.
Thanks to Facebook’s tax reduction scheme, about 1.9 billion users would all benefit from the new European law. Good news, right? Well, not so fast.
So that Facebook doesn’t have to extend the European laws to everyone, next month the company is shifting the data of 1.5 billion members in Africa, Asia, Australia, New Zealand and Latin America back to the US so they don’t fall under the GDPR mandate, Reuters first reported.
As a result, Facebook will have more leeway in how it handles data about those users because our profiles will now be on a site governed by US law where regulation isn’t as strict.
PRIVACY: Facebook CEO Mark Zuckerberg.