Congress should convene a hearing about how current and incoming EU laws are thinly veiled protectionism against US corporations and what should be done about it.
The GDPR, while a pain, are a response to decades of an industry that should have known better.
But we get to "protect our companies" as a matter of policy.
Cool.
Just because many companies and startups are U.S.-based, does not mean that universal privacy laws/rights are targeting U.S. companies.
From my understanding, the GDPR applies equally to all companies, regardless of where they are founded.
I wonder if you know that the US passed legislation a few weeks back that lets the US government request any data on any user of an American company even if that user and their data are not on American soil. (Possibly thanks to GDPR) companies may object to that request if it contradicts local laws.
But yeah. Go on pretending that the EU lives to target American companies. From a European's point of view, American companies are not fined enough as they view privacy, data, sovereignty etc. as some abstract concepts that don't apply to them.
You've unfortunately posted other uncivil comments in the past, too; could you please (re-)read the site rules at https://news.ycombinator.com/newsguidelines.html and use HN as intended from now on?
The most ignorant fucking statement I have read on HN in a long time. The 2016 GDPR is an update to the 2002 EU Data Protection Regulation. It has nothing to do with taxes, profits or crippling any company. It is an enforcement of the EU Charter of Fundamental Rights.
"An update" as in adding new laws and regulations all of which are unneeded and all of which are targeting US companies.
Clearly not true, but exquisite in the context of the FB factory dodging tax via the Irish loopholes, and now moving away from Ireland as a base.