GDPR: Tech firms struggle with EU’s new privacy rules

by KingPinto

On the eve of GDPR, reports are pouring in that a number of tech companies are either closing down or have decided to exit the EU market.

www.bbc.com/news/amp/technology-44239126

Do you believe these are limited occurrences or will the scope of defections grow? Assuming that the scope grows, how do you believe this may shape the stock market?

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Comment:

Regulations almost always benefit the big players in a space more b/c it’s a huge pain to keep up with it. For my small online business, it was a pain, not hugely so because I thankfully deal with very little customer data, but yeah… this stuff will always help the guy with more resources over the little guy.

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On the other hand, this is designed to give consumers more power; gotta decide what’s more important overall.

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