Silicon Valley is terrified of California’s privacy law
I see a lot of comments deriding this law, can someone explain to me why these are bad things?  Quoting from this article - <a href="https://techcrunch.com/2018/06/28/landmark-california-privacy-bill-heads-to-governors-desk/" rel="nofollow">https://techcrunch.com/2018/06/28/landmark-california-privac...</a><p>- Businesses must disclose what information they collect, what business purpose they do so for and any third parties they share that data with.<p>- Businesses would be required to comply with official consumer requests to delete that data.<p>- Consumers can opt out of their data being sold, and businesses can’t retaliate by changing the price or level of service.<p>- Businesses can, however, offer “financial incentives” for being allowed to collect data.<p>- California authorities are empowered to fine companies for violations.<p>I totally understand that this will impact a lot of tech companies' profits...but that's to be expected if you're making money selling people's data to third parties without their permission.