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by paganel 2756 days ago
Reddit is not a “small business” anymore, it hasn’t been one for quite some time now. Let alone the fact that it’s the fourth most visited website in the United States, it’s now mentioned almost everywhere, from SEC press releases, The Economist articles or “Cahiers du Cinema” movie reviews (the last one really puzzled me as the current batch of Cahiers du Cinema writers are pretty anti-US and anti-technology).
1 comments
dijit 2756 days ago
EU has a proper definition of what a small business is:

> SMEs are defined by the European Commission as having less than 250 persons employed. They should also have an annual turnover of up to EUR 50 million, or a balance sheet total of no more than EUR 43 million (Commission Recommendation of 6 May 2003). These definitions are important when assessing which enterprises may benefit from EU funding programmes aimed at promoting SMEs, as well as in relation to certain policies such as SME-specific competition rules.

https://ec.europa.eu/eurostat/web/structural-business-statis...

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paganel 2756 days ago
Am on mobile and I’m too lazy to link, but I’ve found stories about Reddit having already reached $100 million in yearly turnover, which means that they’re no longer seen as a SME based on the second part of your post.
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dijit 2756 days ago
Yes. But the term is not ambiguous as the parent seemed to indicate.
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ascar 2756 days ago
According to Wikipedia Reddit had 230 employees 2017, so they are scratching the threshold or are already over it.
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wvenable 2756 days ago
...and suddenly Reddit falls to 249 employees...
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PunchTornado 2756 days ago
wikipedia is nonprofit so it is not affected.
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woolvalley 2756 days ago
And the EU didn't apply SME carve outs to the GDPR, really showing how much of a big company regulation lock in it was.
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wongarsu 2756 days ago
If you're tiny you get out of a few GDPR regulations, like having a data protection officer. Also the GDPR mostly calls for reasonable and appropriate measures, which are terms that scale with company size (measures reasonable for a hairdressing salon are not appropriate for a fortune 500).

Making even further cutouts for SMEs seems unreasonable, after all the individual citzen has similar impact from a data breach in a medium sized company compared to a data breach in a large enterprise.

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