How the GDPR Will Disrupt Google and Facebook
And if you think GDPR is a toothless joke, let&#x27;s take a look at the defined fine stucture.<p>It is pretty simple, only 3 levels (strikes for the fellow Americans):<p>Strike 1 - Stern warning letter<p>Strike 2 - 2% of your TOTAL GLOBAL REVENUE<p>Strike 3 - 4% of your TOTAL GLOBAL REVENUE (or 20mil EUR, whichever is higher)<p>And now you know why GDPR is a board level topic. Keep in mind that the EU&#x2F;US Safe Harbor agreement got axed due to a lawsuit of a single student from Vienna against Facebook. So all you need is a single pissed off German customer you ignored when asking for their data report card and you&#x27;re <i>fucked</i>.<p>For startups - GDPR is like Y2K at the time, a GOLDMINE. So much opportunity to sell solutions, from real to snake oil. GDPR compliance is already and will continue to trigger a massive wave of investment.<p>Enjoy :)