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I believe part of their positioning is to become beloved by regulators. Become part of the routine of the politically elite in Washington, and you're more likel
by uptown 10y ago
I believe part of their positioning is to become beloved by regulators. Become part of the routine of the politically elite in Washington, and you're more likely to have favorable laws passed. Whether they're able to scale this to less-friendly jurisdictions is an open question.
- M_Grey 10y agoThey certainly missed the mark in China at least.
- prewett 10y agoThat was inevitable. I don't think you can be a foreign company and become "beloved by regulators" in China. (There are some good reasons for China to favor Chinese business, but it would be nice if they were honest and acknowledged that, instead of pretending like everything is fair when it's not.)
- M_Grey 10y agoAgreed on all points, but the inevitability makes the years dropping of a billion USD seem even more insane.