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Tell investors you're throwing away 10% of the market and they will fire you > The EU's makes up around 15-20% of world GDP depending on how you measure it, bu
by ilyt 3y ago
Tell investors you're throwing away 10% of the market and they will fire you
> The EU's makes up around 15-20% of world GDP depending on how you measure it, but that's subject to disproportionality high taxes and compliance costs.
That would have to be corrected for tech spendings, for example the fact asia produces most of the electronics have zero effect on facebook's business profits.
- spacebanana7 3y agoGoogle search and many other big tech divisions already did that with China. When a country/region deviates from the rest of the world in a big way there comes a point at which you can't offer the same products and services as other markets.
- ilyt 3y agoThere is a big difference between "censor everything you do to comply to goverment doctrine" and "just don't store PII unnecessarily".
- spacebanana7 3y agoThe latter is actually very burdensome because it affects advertising profits
- surgical_fire 3y agoI'm still waiting for Google/Facebook to leave Europe. Never seems to happen, despite the incessant whining. Maybe the fines were not heavy enough.
- Tangurena2 3y agoPaying a billion dollars per year in fines is still cheaper for Facebook than leaving the EU.
- ilyt 3y agoshrug at least they pay tax now even if in weird way...
- revelio 3y ago> Tell investors you're throwing away 10% of the market and they will fire you Really not. 10% extra market share is something for large companies to worry about, the sort of thing that requires big spend in localization. For a company the size of OpenAI, there are bigger fish to fry. Europeans will use VPNs and route payments via resellers rather than not have access to the latest tech.