Or, you're fine with a competitor who isn't afraid of entirely reasonable international laws coming in and eating your lunch.
We also considered all the additional liability we’d be taking on, and with that alone it was barely worth it based on the current EU customer base we have.
We’d also be very happy if one of our competitors started investing in the EU market. It’s worth about 10 times less than the US market in our industry, so having them chasing peanuts in Europe (and investing in compliance with European - absolutely not international - regulations) would be a truely fantastic outcome for us.
For us, it didn’t make sense to invest the amount of money we’d have to to establish compliance with the GDPR, or to invest in maintaining that compliance, and the liability that GDPR would introduce for us most certainly didn’t make sense.
Europe is worth almost nothing to us, we don’t market ourselves there because it’s a waste of money. The EU customers we have all sought us out, not the other way around. For us, the cost and liability is simply not worth it. I think you’ll start to see more businesses make this decision, based on facts and numbers. You can’t just cry that they’re all being hysterical or want to abuse they’re customers data and privacy. When you introduce expensive new regulations, that have very strong punitive elements, this is exactly what you’d expect to happen. Small to medium sized businesses will wear the most of the cost (while posing the least of the risk). Luckily for us, EU is worth close to nothing for us.
my company OTOH is choosing to apply gdpr principles globally.
How about cost of compliance? For example, just the fact that you need to figure out whether you are compliant or not costs money. If you ask for user consent, then you must be able to later show that you got said consent from the user to work that data. You also have to take into account the risk of fines if something somewhere goes wrong. We, as software developers, should be intimately aware of how things can go wrong despite everyone trying their best.
All of these things cost money. If the cost is greater than what the business from the EU brings in, then it's not worth it. The fact that there are people who immediately and only jump to the thought they don't care about privacy is very worrying.
I completely and utterly care about privacy, but things like not tracking IP address and allowing people to request removing them are a bridge to far. I can’t comply with that. I treat my customers important PII (names, addresses, etc) very delicately. But the cost of complying GPDR is too must.
Did you think about this before typing?
Clue: how many countries does an EU-wide law directly apply to? One? Or many?
