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by miohtama
497 days ago
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Here >
The main burden falls on SMEs, which experienced an average decline in profits of 8.5 percent. In the IT sector, profits of small firms fell by 12.5 percent on average. Large firms, too, are affected, with profits declining by 7.9 percent on average. Curiously, large firms in the IT sector saw the smallest decline in profits, of “only” 4.6 percent. Specifically, the authors find “no significant impacts on large tech companies, like Facebook, Apple and Google, on either profits or sales,” putting to bed the myth that U.S. technology firms are the enemy of regulation because it hits their bottom lines. https://datainnovation.org/2022/04/a-new-study-lays-bare-the... |
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