https://medium.com/@miccowang/gdpr-eus-commitment-to-tech-giants-monopoly-42ca626bdd0f

"The politicians wanted to teach Google and Facebook a lesson. And yet they favor them," a Brussels lobbyist for an media-measurement firm said.The General Data Protection Regulation (GDPR) is the EU’s latest mechanism to control privacy risk where the violation of privacy is likely to have an impact on a natural person’s freedom and rights. The GDPR stresses:

The GDPR mandate took effect on 25 May 2018, replacing the previous European privacy laws. It will impact the processing of all personal data on EU data subjects for any organization worldwide. Under Article 3, GDPR has implications for every organization — based in the EU or not — that deals with European residents, specifically with respect to how and why they collect, store or manipulate personal data in electronic formats. The new law authorizes fines of up to 4% of a violator’s global annual revenue, or €20 million, whichever is larger.