Facebook will move the data of 1.5 billion users to avoid EU’s new privacy law

INSUBCONTINENT EXCLUSIVE:
By making a minor change in its terms and conditions of use, Facebook is moving the data of all users outside of the US, Canada and the
Asia, Australia and Latin America
their global turnover in case of a data breach
For Facebook, that could amount to around US$1.6 billion.In a statement to Reuters, Facebook downplayed the significance of the changes made
Ireland, Facebook will be governed by the more lenient laws of the US, giving the company some freedom on how it handles user data.[Via
Reuters]