Facebook Just Moved 1.5 Billion Users’ Data To Avoid New Privacy Laws

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futurism.com: Facebook just moved 1.5 billion users' data to avoid new privacy laws
Facebook Just Moved 1.5 Billion Users’ Data To Avoid New Privacy Laws

Written By Victor Tangermann Published: 4 hours ago

Did Facebook’s apology tour win you over? Did Zuckerberg’s performance in front of Congress convince you the company is ready to make good, its half-assed changes to its privacy tools demonstrate that you, the user, have control over your data?
Welp, the company just made a big announcement to undermine all that.
Facebook is required to give European users more control over their data to comply with a new law that will go into effect in May. Since it has to make changes anyway, Facebook wouldn’t be going too far out of its way to give users worldwide the same privileges. It has opted not to do so. And to make sure data from users from outside of the U.S., Canada, and Europe is out of the hands of European lawmakers, Facebook has now decided to move the data of more than 1.5 billion users from Ireland to California.
A little background: the European Union’s General Data Protection Regulation (GDPR) act going into effect in May is perhaps the most comprehensive policy change to online privacy laws so far. Among many other points, the GDPR act ensures the online user’s rights to “be forgotten,” have their data fully destroyed (and not just deactivated), and be notified immediately of any data breaches, a point of contention between users and companies in recent years.
But not everyone is thrilled — the law has sent Silicon Valley scrambling to comply with the new rules, or face stiff fines of up to 4 percent of a company’s annual global income — about $1.6 billion for Facebook (just how often those fines would be collected isn’t clear).
Facebook’s doing everything it needs to not get fined. But it wants to maintain as much control over user data as it’s legally allowed — it wants its cake, and to eat it, too.
While Facebook’s EU users will enjoy the privacy protections their legislators have demanded, those outside the Western world will be stuck with far inferior, and more lenient, U.S. privacy laws.
 
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thegoldwater.com: Palantir - Peter Thiel Knows More About You Than Facebook
Palantir - Peter Thiel Knows More About You Than Facebook
By Steve Dellar | 04-19-2018 News
Photo credit: The Stanford Review
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Palantir - Peter Thiel Knows More About You Than Facebook

There was one revealing moment from Facebook CEO Mark Zuckerberg during the hearings last week. At a certain point, Mr Zuckerberg was asked about Palantir, the company founded by his first major investor (and some say his mentor) Mr Peter Thiel, the savvy entrepreneur who spoke at the Republican Convention in 2016, who co-founded Paypal together with Elon Musk and went on to become one of the earliest backers for President Donald Trump. Mr Zuckerberg said he was not precisely aware of what Palantir did.

Related coverage: thegoldwater.com/news/22797-Facebook-85-Of-US-Congress-Members-Questioning-Zuckerberg-Received-His-Donations

Today, in an explosive piece for Bloomberg, it would appear that the data Facebook keeps on you is nothing in comparison to what Mr Thiel has up his sleeve.


In a society that cared about justice and privacy, a rogue company like Palantir would not be allowed to exist. Palantir Knows Everything About You
— Dan Gillmor (@dangillmor) April 19, 2018


Mr Peter Thiel, author of the brilliant Zero to One book which serves as a manual for Silicon Valley startups, apparently keeps all data on everyone he’s ever contacted, not only via his facebook investments but has been building an algorithm much more powerful in secret.

Related coverage: thegoldwater.com/news/22583-Facebook-COO-Sandberg-Privacy-To-Become-A-Paid-Product

The company that was founded in 2004 by Peter Thiel and his fellow PayPal alumni started soon after working for the Pentagon and the CIA in Afghanistan and Iraq.


Incredible imagery: A Palantir-enabled Morgan Stanley security boss goes mad with power, "Wall Street meets Apocalypse Now, with Cavicchia as Colonel Kurtz, ensconced upriver in his office suite eight floors above the rest of the bank’s security team" Palantir Knows Everything About You
— Tom Gara (@tomgara) April 19, 2018


They would not only log your Facebook profile and data but also how late you come into work and at what time you check out of it to go home again, creating a profile so deep that it can even tell whether you are happy or disgruntled at work.

Related coverage: thegoldwater.com/news/22823-Obama-Harvested-190-Million-Facebook-Users-Data-To-Win-In-2012-Where-Was-The-Congressional-Hearing

The software that Palantir has developed can merge your financial documents, airline reservations, cellphone records and your social media postings and establish any connection that human analysts might miss.


Source:
bloomberg.com/features/2018-palantir-peter-thiel
 

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