“While there will be no immediate impact on the people and businesses who use Facebook services, we will work to help our partners understand its implications."
Read the above as saying "We, FB, are not your insurer nor will we indemnify or defend you against claims that are brought."
In other words, you are are your own when it comes to defending yourself or your company . . in whatever nation and in front of whatever adjudicative body asserts jurisdiction over whatever issues arise . . relating to information conveyed via FB's platform
Can you say "chilling effects"?
What company, in its right mind, wouldn't begin heading for the FB exits until this is sorted out . . by way of indemnification (by FB) OR by clear confirmation by insurance carriers of effective coverage for such claims? (I'm sure most insurance providers are already positioning themselves to assert that such claims are not within the coverage.)
It will be interesting to watch as non-EU nations begin to respond to the cries and demands of their own citizens as notices of alleged wrongs, demands for action and/or claims begin to arrive on foreign shores. The GDPR may give rise to an entirely new version of trade war
I'm not an expert in international law and treaties but something about what is unfolding suggests that, absent international "data treaties", there is the potential for disruption of information and commercial markets by the likes of the GDPR and emulations thereof.
I could see a non-member nation, with technical savvy and not the best intentions towards the EU and capitalist marketplaces, exploit the GDPR with the intention of disrupting markets. Attack of the bots, version 487 . .
Information, data and privacy "trade war", anyone?
What is that saying about "the road to hell" and "good intentions"?