StreetLend.com shuts down, citing GDPR regulations

Re:StreetLend.com shuts down, citing GDPR regulations by landryraccoon on Monday April 30, 2018 @12:33AM (#16955754)

> And finally the UK will probably always adhere to the GDPR, member of EU or not, otherwise it will be at a massive disadvantage for tech companies dealing with Europe.

I really don't see how this is the case. A small website will be going after product market fit, then they can scale and do compliance. Not adhering to GDPR means your websites can always become compliant later.

To put it another way, Facebook and Google started in the US. Any founder in the EU might consider moving to the US first, getting product market fit before worrying about GDPR compliance, then get compliance once you know your product is good and you aren't just throwing that work away.

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Re:StreetLend.com shuts down, citing GDPR regulations by tankenmate on Monday April 30, 2018 @07:02AM (#16957513)

GDPR applies to all data controllers anywhere on the earth, if you hold private data of EU citizens or residents and don't follow the GDPR then any EU country's data protection authority can choose to prosecute.

The only way to avoid the GDPR is to not hold personal identifying information on any EU citizens or EU residents.

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