Facebook moves 1.5 billion users out of reach of new EU privacy law

The transcript discusses the impact of the European Union's General Data Protection Regulation (GDPR) on global companies, particularly Facebook. It highlights the shift in data governance for users outside the US and Canada, moving from Ireland to California. The GDPR, effective May 25th, allows European regulators to fine companies for data misuse without user consent, with potential fines up to 4% of global revenue. Facebook's data handling changes affect over 70% of its users, with significant user bases in Europe, Asia, Africa, and Latin America.

What is the governing body for Facebook users outside the US and Canada?

• European Union headquarters

• Social Networks International headquarters in Ireland

• United Nations

• Facebook's headquarters in California

What is the maximum fine under GDPR for companies like Facebook?

• 4% of global revenue

• 8% of global revenue

• 6% of global revenue

• 2% of global revenue

Which regions' Facebook user data will be transferred to California?

• Middle East and South Asia

• Europe and North America

• Asia, Africa, and Latin America

• Australia and New Zealand

As of December, how many Facebook users were there in Europe?

• 1.52 billion

• 239 million

• 500 million

• 370 million

What percentage of Facebook's total users are affected by the data transfer to California?

• 80%

• 50%

• 60%

• 70%