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I hope this will end up with a hefty penalty. At this point, I believe a strict regulation is the only way to tame the Facebook beast - the more so because I heavily really on FB to be in touch with my family and friends.

It might not given that the impetus of this change is to combat fake news and bot accounts from nation-states. ...so it might not be high on the target list for the EU since they are actively uncovering more influence operations.

You have to realize that privacy is not a priority for most governments, so unless it's explicitly against the rules, I suspect they won't do much.

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