r/IAmA - I’m Nick Vinocur, a tech reporter at POLITICO. My investigation found that the world’s chief enforcer of data privacy regulation has a history of catering to the companies it’s supposed to regulate – endangering the privacy of billions of people worldwide. Ask me anything.

It so happened that the responsibility fell largely to Ireland, a country of less than 5 million people whose economy is disproportionately reliant on foreign investment and where the tech industry makes up an estimated 10% of GDP.

This setup raised other questions: Was Ireland’s regulatory agency ready to take exacting measures against companies that form the bedrock of its economic livelihood? Was the regulator fully independent, empowered and acting in the interests of some 500 million European citizens? The story goes into detail, but it basically lays out a pattern of accommodating corporate interests, avoiding disruptive enforcement action and prioritizing "engagement" — consulting — with companies whenever possible.

Ireland is supposed to protect the privacy of billions of users worldwide—including hundreds of millions in the United States. But the country has yet to crack down on some of the biggest names in tech. Read the full investigation here:

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This engineer thought business people were crooks until he founded a company and made billionsWhen Mo Ibrahim was growing up in Alexandria, Egypt, he idolized scientists such as Marie Curie and became a telecommunications engineer. Now he is a billionaire — something he never expected, because he didn't trust initially trust business people. Business people are crooks....oh wait...........I made billions!.......business people are not crooks because I made billions!
Source: CNBC - 🏆 12. / 72 Read more »