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by taylorswift_
2991 days ago
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Is anyone talking about the harmful effects on startup companies that may want to create new social platforms to compete against the incumbent players? All the talk about regulating facebook, twitter, etc are actually great for those companies because they can afford compliance. But it raises the bar of entry so high that new companies wouldn't be able to compete since with limited resources they wouldn't be able to focus on the critical period of acquiring users and instead would be forced into building compliance features. I firmly believe that the majority of people still don't care about their privacy in the first place or they wouldn't use such platforms. IMO this is government overreach and anti-competitive. |
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Currently a provacy conscious start up is competing with those who aren't, making it harder. But with this law, you won't have as many shady companies like Facebook.
Storing less private data makes you less liable to get hacked and get bad PR.