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"the key regulatory initiatives either haven't proven effective in curbing US giants' powers (eg. GDPR)" Would you mind expanding on that? Perhaps you have inf
by rendall 6y ago
"the key regulatory initiatives either haven't proven effective in curbing US giants' powers (eg. GDPR)"
Would you mind expanding on that? Perhaps you have information that I do not, but from what I understand, large US tech companies with a presence in Europe do abide by the GDPR, which includes data privacy audits and large fines for non-compliance.
- deleted 6y ago[deleted]
- RestlessMind 6y agoEven though they abide by GDPR, neither their market share nor their business model has changed. Neither do we see any new companies (or new business models) gaining market share from the US based ones. In that sense, GDPR has not curbed US giants' power. So what did GDPR achieve in practice? (Or maybe, you and I just had different expectations from GDPR to begin with).
- rendall 6y ago"In that sense, GDPR has not curbed US giants' power. So what did GDPR achieve in practice?" I don't think GDPR was ever about about curbing tech giants' power nor changing their business model. It was always only about protecting the personal data of EU residents. Assuming the tech giants' business models do rely on indiscriminate use of user data, and that the GDPR does interfere with that, it applies only to EU residents, which I assume comprises a relatively small market-share. For a fundamental shift in business model, the US would have to adopt similar measures for its own residents, but the political climate would not allow for that, I don't think.