This sounds to me more like:
"Abusing your data is vital for our business model and we will stop our operations before you have the right to request information how we use your data"
Most startups simply don’t have the resources to figure out what to do to be compliant. I’m guessing that Facebook had a dozen lawyers working on this and even more engineers. This is only going to put up a barrier to startup creation and give large corporations more power.
I think there might be some pretty draconian side effects to properly implementing GDPR, but I'd like to hear from someone who knows to what extent these things might be true:
* The legal tracked information includes IP addresses, which means all logs must be able to selectively expunge IP address info.
* You can no longer have soft-deletes as a safety mechanism to maintain referential integrity if your data is (as is common) related to a user/account as you are responsible for being able to expunge that data.
* There are no exemptions for first time visitors, which means you can't just put up a no-EU unwelcome mat and serve up any third party tracking.
* The penalties are pretty draconian for a small business.
* It looks like retargeting businesses might be in trouble? Maybe?
GDPR issn't that hard to achieve. You simply need to follow the rules and fill out some "paperwork". If you are smart, you make your life easier with ISO27001 (don't need to certify, but build upon it).
Goodbye, old friend.
RIP
And yet as soon as I clicked on their brand in the navbar I was greeted by 10+ redirects and a shady ad for mobile games (probably including malware).
Good riddance, you will not be missed.