The maximum penalty for breaking Europe’s coming General Data Protection Regulation laws -- a massive revamp of the EU’s data privacy requirements, with a worldwide impact -- is the higher of the following two options: €20 million, or 4 percent of a company’s worldwide annual revenue.
Do the math: That would mean fines of more than €3.6 billion for Google’s parent company Alphabet, €5.9 billion for Amazon, and €1.3 billion for Facebook.
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