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EU desperately pushes just-as-dodgy safe harbour alternatives

D Moss Esq

... if this starts costing real profits in the US then ...

If?

See New York Times, 21 March 2014, for example:

“It’s clear to every single tech company that this is affecting their bottom line,” said Daniel Castro, a senior analyst at the Information Technology and Innovation Foundation, who predicted that the United States cloud computing industry could lose $35 billion by 2016.

Forrester Research, a technology research firm, said the losses could be as high as $180 billion, or 25 percent of industry revenue, based on the size of the cloud computing, web hosting and outsourcing markets and the worst case for damages.

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