I think he is pointing out the lack of legislation in the US is a positive for these US based multinationals : they extract valueable info from it, which they c

I think he is pointing out the lack of legislation in the US is a positive for these US based multinationals : they extract valueable info from it, which they can use in other markets too. An upcoming EU startup which might want to target these multinationals markets is at a disadvantage because they can't.