Re:GDPR for lazy people: Block all European users with Cloud...
by adventured on Friday May 25, 2018 @04:03PM
(#17157385)
American competitors aren't going to refuse to do business in the EU. They're going to comply with GDPR for EU customers, and in some cases across the board. I keep hearing how easy it is to comply. Then that's that, it's easy and there's money to be made, so US competitors will continue to be dominant as before.
Much like China, which has managed to develop a huge internet industry because it doesn't have to compete with the American competitors, the EU's huge market will provide a lot of space for EU startups if the American competitors refuse to do business in Europe. But unlike China, the GDPR will make those European companies more competitive on the world scene rather than less.
If the choice was between 2 services, one of which complied with GDPR and one which didn't, and explicitly excluded GDPR protected users, I'd assume the vast majority of regular consumers, but definitely businesses, would pick the GDPR compliant one.