“The findings show that companies exposed to the new regulation saw an 8% reduction in profits and a 2% decrease in sales. **These adverse performance consequences were primarily borne by small and medium-sized enterprises. In contrast, there is no evidence that large technology companies, such as Facebook and Google, experienced any reductions in either sales or profits.**”
Basically regulations hurt more EU companies and as a consequence it increased the gap with asian and american companies.
GDPR harms european tech companies, while US and Asian companies are off the hook.
3 comments
“The findings show that companies exposed to the new regulation saw an 8% reduction in profits and a 2% decrease in sales. **These adverse performance consequences were primarily borne by small and medium-sized enterprises. In contrast, there is no evidence that large technology companies, such as Facebook and Google, experienced any reductions in either sales or profits.**”
Basically regulations hurt more EU companies and as a consequence it increased the gap with asian and american companies.
GDPR harms european tech companies, while US and Asian companies are off the hook.