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It's the "yet" that'll kill them. With the focus on growth, a VC backed company will not be able to ignore the massive EU market forever. Can it pivot, quickly,
by rmc 9y ago
It's the "yet" that'll kill them. With the focus on growth, a VC backed company will not be able to ignore the massive EU market forever. Can it pivot, quickly, to be respecting of privacy? If you've build your whole business on collecting and using personal data, how can you change?
- kodablah 9y agoYou're missing my point. They haven't built their business collecting data. They were just mitigating risk. I am not talking about businesses collecting personal data. Just a normal company that doesn't want to worry about compliance in the early days (even though they are probably compliant). I specifically said "It's not that they are companies that track you". When ready, they will be able to enter the EU market quite easily, but at least with capital and size they can do the work necessary to feel comfortable in their compliance. Until then, EU citizens don't get access to the company. This is what I mean about regulations favoring the larger companies. It's almost always the case.
- rmc 9y agoCan Facebook operate if they don't track people to the degree they are doing now? Can they offer good adverts? Can Google?