Jonathan Taplin, author of Move Fast and Break Things: How Facebook, Google, and Amazon Cornered Culture and Undermined Democracy, said Facebook, Google and Amazon have a complete monopoly on consumer preference data. "These companies have all this data, but you don't know how that data is being used." The app also vacuumed up data on people's friends — including those who never downloaded the app or gave explicit consent. These regulations force organizations that want to use the data of EU members to be much more transparent in the data they collect and how that data would be used. The real issue, he said, isn't how much information companies like have Facebook has, but how they can use it.

Source: CBC News March 24, 2018 07:52 UTC