what would rent+bills cost in SF, for example?
434 karma · joined July 29, 2015
Might be something I'll look into if nothing I can find in the EU satisfies me.
How come you guys have such high salaries compared to ROW? Is the cost of life that much higher than other countries, or is your income simply taxed less / companies have generally more money to spend on employees?
I am currently working in one of the highest paying (if not the highest) consultancy firms in my country, and my salary is probably lower than your minimum wage. It's actually something that pisses me off more than it should when I think about it.
Yes, it would still be profitable, the only thing I'm not sure about is if the fine would be cumulative for every misuse instance (i.e. in the Cambridge Analytica situation, 50M * 4%WGR) or if, every time a misuse is found, it's a una-tantum fine.
Might also be FUD to force countries in the EU to regulate tax at the same level, but I doubt Ireland/Holland will go down without a fight
The other problem to consider with GDPR is that it might set a barrier to entry too high for potential competitors to Facebook to emerge, which on the other hand has enough money to comply/pay the fines right away.
Some Blockchain startups are coming up with ideas on how to solve a marketplace of data, but I fear it's not enough yet and it will die down with the ICO craze.