European Startups Don't Really Care About Brexit [Forbes]
Amazon.com, Inc. (AMZN)
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Source: Forbes
Brexit, it is said, is bad for business. And Theresa May’s striking a deal with the European Union didn't put an end to the idea that European companies will have to deal with chaos for years to come, both in the U.K. and on the continent. Indeed in sectors such as financial services and manufacturing, much depends on the final terms—and those are far from being clear . And yet one sector, that of tech startups, doesn’t share these concerns, and there are four reasons for that. Theresa May delivers a statement on the Brexit agreement on Thursday, Nov. 15, 2018. Photographer: David Levenson/Bloomberg © 2018 Bloomberg Finance LP First of all, startups are used to obstacles to doing cross-border business. There’s a general idea that the European Union is a single market, but this is only true, and even then only to a certain extent, for singular industries such as tangible goods, airlines, energy and railways. On the other side, many other industri
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