When Facebook began readying its IPO at the beginning of this month, the social network’s S-1 regulatory filing to the Securities and Exchange Commission ticked off a list of potential risk factors — among them, global data privacy regulations that could impact the business.
Only a week earlier, the European Commission came out with a new proposal on data protection regulations that won’t apply just to companies like Facebook. “Every company that looks to sell to an EU consumer will be caught by this,” says Cynthia O’Donoghue, co-head of the data privacy, security, and management group at Reed Smith in London.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
