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> How relevant is the UK mow that it has exited the EU? Yeah, poor little UK, it's only the 5th biggest economy in the world after all, not like the 1st or 2nd
by danlugo92 5y ago
> How relevant is the UK mow that it has exited the EU?
Yeah, poor little UK, it's only the 5th biggest economy in the world after all, not like the 1st or 2nd!
- gmueckl 5y agoYou mean that tiny little UK that produces only around 2,5% of the gross world product? ;) Being fifth on a sorted list that is pretty long doesn't say much all by itself. The overall distribution matters, too. Seen that way, a successful company that is operating world wide and highly profitable could give up 2 to 3% of its revenue and continue to thrive. However, I don't see how companies alone have the power to openly strongarm governments. It would be a pretty foolish move. But withdrawing from a country's market to cut losses can be a correct move.
- joshuaissac 5y agoFacebook's UK revenue in just one year (around £1.2b) is 4-5x what it paid to buy Giphy ($300-400m). They could exit the UK market just to spite the UK, but it makes no business sense to do so.