I think if I was creating a new social media website today I'd probably not set up any presence in the EU. The sheer quantity of fines for vaguely specified "crimes" being handed out makes it a deeply unattractive business environment and it seems to be getting worse. I remember when Facebook was new, one of its big competitive advantages was its easy and comprehensive privacy controls. I didn't see other social networks go significantly further in the years since. Now Germany - having failed to clone Facebook domestically (StudiVZ) - sits around extracting money on the grounds that users somehow did not consent to their data being used when they directly uploaded it to the site.
I don't see the Valley's hold on social networking loosening any time soon. For all its faults the USA doesn't constantly fine its firms for not doing "enough", whatever that means.
I don't see the Valley's hold on social networking loosening any time soon. For all its faults the USA doesn't constantly fine its firms for not doing "enough", whatever that means.