3 ms·
I'm sure that every would-be entrepreneur is extremely anxious about the regulation they'll have to contend with when they reach $billions in annual turnover, r
by dns_snek 2y ago
I'm sure that every would-be entrepreneur is extremely anxious about the regulation they'll have to contend with when they reach $billions in annual turnover, reach dozens of millions customers, corner their market to the point they can seek rent from every other business on the continent, and make it onto the list of companies so short it can easily fit on a business card.
- ankit219 2y agoYou can take an obviously obtuse and extreme interpretation to what I said. What i mean is simply this: Today, there is an implicit social contract that if i build a better tech or innovate in a niche, i get to monetize it anyway i like. In free markets, people pay for it if its useful, else they dont. What EU is doing is breaking that. Incentive flips to not to bank on innovation as a differentiator, but move fast to capture the market with patchwork so that when regulators notice, you have already made enough money. This leads to standardization, and the ultimate losers here are the end users and customers. You would think if Apple knew that they would force share (for free) every innovation they did, they would have invested in creating an ecosystem like this. Or like qualcomm woudl invest billions in r&d for better chips if they cant reap the benefits.