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Cities and states pick up where federal governments do not. Airbnb is being restricted by the cities (not federally) and so is Uber in a lot of places. > I'm s
by ppeetteerr 8y ago
Cities and states pick up where federal governments do not. Airbnb is being restricted by the cities (not federally) and so is Uber in a lot of places.
> I'm sure those numbers have been crunched and that they're walking that line.
A large company is not going to leave a market because it doesn't want to comply with regulation, esp. one the size of the US, the EU, or China.
- _bxg1 8y agoThey do a little bit, but in some cases the federal government has overruled them. They would if it became unprofitable, between the fines and the costs of compliance. Google was recently fined $5 billion; that's a significant chunk of their annual revenue, of which Europe is probably a minority. Add onto that the cost of updating for GDPR, and the EU is pushing about as hard as they can afford to. I'm not saying this is a reason for Europe not to take a strong position. I'm just saying their leverage is finite, and less than that of the U.S. government.