Privacy regulations like GDPR disproportionately entrench monopolies like Google and Facebook
Ben Thompson · #40 Ben Thompson: Thriving in a Digital World · Sep 5, 2018 · at 1:26:26
Stratechery founder Ben Thompson discusses with Shane Parrish how data privacy mandates like GDPR disproportionately hurt independent publishers while protecting tech giants reliant on first-party data.
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“If you realize that there is still going to be digital advertising, The alternatives to Google and Facebook are going to be hurt way more. Like is, is every site with advertising on it going to get permission from users for each of the individual ad networks that runs on the site? Like if you think about the barriers as opposed to a Google or Facebook, which has so much internal data, like Facebook has lots of data. You already told Facebook if they were cut off from all third party data, they would still be fine. If Google is cut off from all third party data, they're still fine. If a publication is cut off from all third party data, are they going to be fine? No, they're going to be in, in much more trouble. And I think you're, this is going to be a challenge, such a challenge with government action going forward is the most obvious solutions are going to lock in the biggest players are going to lock in the incumbents.”
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