The Baptists and Bootleggers strike again.
"We warned folks that these big attempts to "regulate" the internet as a way to "punish" Google and Facebook would only help those companies. Last fall, about six months into the GDPR, we noted that there appeared to be one big winner from the law: Google. And now, the Wall Street Journal notes that it's increasingly looking like Facebook and Google have grown thanks to the GDPR, while the competition has been wiped out:
'GDPR has tended to hand power to the big platforms because they have the ability to collect and process the data,' says Mark Read, CEO of advertising giant WPP PLC. It has 'entrenched the interests of the incumbent, and made it harder for smaller ad-tech companies, who ironically tend to be European.'"
"We warned folks that these big attempts to "regulate" the internet as a way to "punish" Google and Facebook would only help those companies. Last fall, about six months into the GDPR, we noted that there appeared to be one big winner from the law: Google. And now, the Wall Street Journal notes that it's increasingly looking like Facebook and Google have grown thanks to the GDPR, while the competition has been wiped out:
'GDPR has tended to hand power to the big platforms because they have the ability to collect and process the data,' says Mark Read, CEO of advertising giant WPP PLC. It has 'entrenched the interests of the incumbent, and made it harder for smaller ad-tech companies, who ironically tend to be European.'"