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On the one hand this may help certain companies that focus on limited use of customer data thrive in Europe. On the other hand it’s one more tick against Europe
by code4tee 9y ago
On the one hand this may help certain companies that focus on limited use of customer data thrive in Europe. On the other hand it’s one more tick against Europe for global companies deciding where to invest so expect to see some big downside for the region too as companies and investors focus elsewhere.
- camus2 9y ago> On the one hand this may help certain companies that focus on limited use of customer data thrive in Europe. On the other hand it’s one more tick against Europe for global companies deciding where to invest so expect to see some big downside for the region too as companies and investors focus elsewhere. What global tech company can really afford not to be in Europe? Google? Facebook? Twitter?
- avianlyric 9y agoDon't forget the EU represents the worlds largest economic area [1], with a population of over 740 million (compared to the US's 320 million). Although it's small compared to China's ~1.4 billion. And the of course the big advantage that the EU has over other clusters of countries is the (mostly) unified legal and regulatory system. Which makes it easy to target every country in the EU at the same time. I think the EU has had a lot of soft-power for a very long time, and we are finally starting to see it flexing that power to protect it's citizens. [1]. http://ec.europa.eu/trade/policy/eu-position-in-world-trade/index_en.htm http://ec.europa.eu/trade/policy/eu-position-in-world-trade/...
- alien_at_work 9y agoSounds like an advertising problem. "Our company chose to be based in the EU because we comply with all their customer privacy protection laws. Not sure why our competitors chose a country without such laws...."