this post was submitted on 08 Dec 2024
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You mean Bluesky, the US VC funded company?
And by struggling, you mean this? 15 million should be enough to hire a part-time consultant for like 40k a year to tell you what pages you have to have and where. Especially if you have already founded Twitter, this should be straightforward. The EU is allergic to companies not giving a fuck, and this was Bluesky not giving a fuck. And this was not an EU fine, this was a public statement of "please".
And EU regulations usually strongly favour the consumer. GDPR compliance is easy, I know, I've done it personally for an adtech company of all, actually. As long as you have consent, it's all fine, the "oh it's so strict we can't even do anything" crowd usually wants to do something without consent which is clearly illegal, and thus "hard to do".
DMA does not apply to anything other than 6 big tech companies, so nothing to talk about there. The DSA only requires Bluesky to be transparent about moderation and offer a way to report illegal content. That's it. All the strict stuff only applies once you become a VLOP, so again, only the big ones.
Where are the scary regulations killing small businesses and stifling innovation, exactly?
It's purely because the USD is the biggest trade and reserve currency of the world, so most investment also comes in the form of USD, as most investors primarily operate in USD and thus don't have to factor in currency conversion risks. Wall Street sucks, and regulatory capture has risks of its own, but as long as the US military shoots anyone not trading in USD, we all go there to beg billionaires for money.
Who's talking about Volkswagen? I meant BYD.
The car manufacturer several times smaller than the local incumbents, thriving in the EU because of a good product? Where are the scary regulations scaring them off?