*By Conor White* California's new sweeping privacy bill, known as the California Consumer Privacy Act of 2018, is set to go into effect in 2020, and Common Sense Media CEO and founder Jim Steyer, who was involved in the drafting process, said it's a major development. "I went and met with the CEOs of most of the major tech companies," Steyer, also a civil rights attorney, said Wednesday in an interview on Cheddar. "One by one, led by Apple and Salesforce, they said, 'Hey, let's cut a deal here.'" Steyer's company produces consumer reports for media from the perspective of kids and family. It's among the largest advocacy groups of its kind for data privacy. California's new bill [contains a robust series](https://iapp.org/news/a/california-passes-landmark-privacy-legislation/) of built-in privacy measures. It stipulates that anyone 16 or younger must opt in to allow a site or app to save their data ー the reverse of the more passive "opt-out" choices that many companies currently offer. The implications are serious, since according to the bill, companies will no longer be able to siphon data by default. The bill will likely have a similar impact to Europe's recently enacted [General Data Protection Regulation](https://www.eugdpr.org/). "This is, essentially, the de facto national privacy law for the United States," Steyer said. "On Facebook you are the product. Your information and data is what they're selling to advertisers." Now, thanks to California's privacy act, the consumer will own the data and therefore control it. Steyer said the issue is one of "speed," since many of the major platforms evolved at "warp" levels. This prevented users from fully understanding the privacy effects. But now, he added, change is upon us ー especially after the public caught wind of violations like Facebook's Cambridge Analytica data scandal. "When Larry and Sergei started Google they had the 'Do no evil' slogan," Steyer said. "And I think we intuitively thought that all tech was good." Although some have speculated that Facebook and its peers will have to change the way they conduct business, tech giants' survival is the least of Steyer's worries. "We should not weep any tears for the people at Facebook. They are an incredibly successful company, and they will adapt," he said. For full interview [click here](https://cheddar.com/videos/why-privacy-still-matters).

Share:
More In Business
Watchdog Slams IRS Identity Theft Case Delays as “Unconscionable”
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
A.I. Investments Carry Amazon Over $2 Trillion Valuation Threshold
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Load More