https://www.recode.net/2018/5/25/17387036/gdpr-europe-eu-tech-facebook-twitter-google-new-privacy-law

Europe’s highly anticipated new privacy law, the General Data Protection Regulation, went into effect Friday, a law that will impact virtually every technology company worldwide.

The new law requires any company that operates in the EU or any company that serves EU citizens to follow strict new privacy guidelines meant to protect consumers from companies abusing their personal data. Companies that fail to comply could face financial penalties as high as 4 percent of their annual revenue. For companies like Facebook, Google and Apple, that could amount to billions of dollars in fines.