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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Source: CNBC - 🏆 12. / 72 Read more »