I think the point he was trying to make is that big tech can use privacy regulations to keep out new competitors, rather than encourage them, as compliance with privacy regulations can create a higher barrier to entry
How? You just need to not save user data outside of that strictly required for providing your service and you easily comply even with the most stringent GDPR directives. To be honest caring about privacy lowers a lot your barrier to entry, unless you whole business is based around tracking ads or reselling of data to shady third parties.
Or collecting samples of user-provided data to build machine learning systems, which is how Google bootstrapped its search, spam filter, and voice recognition technologies.
> With sadness, StreetLend was shut down in April 2018, after five years of operation.
> Unfortunately the European Union's new GDPR (General Data Protection Regulation), introduced on 25th May 2018, creates uncertainty and risk that are impossible to justify for small non-profit websites.
yulaow|3 years ago
shadowgovt|3 years ago
nojs|3 years ago
> With sadness, StreetLend was shut down in April 2018, after five years of operation.
> Unfortunately the European Union's new GDPR (General Data Protection Regulation), introduced on 25th May 2018, creates uncertainty and risk that are impossible to justify for small non-profit websites.