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ExtraTorrent.cc > Articles > UK Tech Firms and Their Brexit

UK Tech Firms and Their Brexit

UK Tech Firms and Their Brexit

Added: Thursday, June 30th, 2016
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, www.extratorrent.cc, 2016
UK’s tech giants are trying to calm fears of consequences of the recent EU referendum. Earlier, some of the biggest tech start-ups in the country, like business data company DueDil and foreign exchange service TransferWise, began to openly mull an overseas relocation. Now other investors and entrepreneurs, on the contrary, are trying to inject some confidence into the industry.


While Brexit is indeed bad for technology, the technology sector is actually always an inherently uncertain sector, which is basically about generating ideas and building products. In other words, even the negative hit from Brexit will be insignificant in comparison to the biggest successes.

Some of the industry players argue for a level-headed response, saying that high-market volatility can tempt companies to panic and cut spending on customer-focused initiatives, but in fact now is the time to drive innovation.

Smaller groups also asked government policy to take tech firms into account when negotiating Brexit, saying that retaining freedom of movement is crucial, whatever form a new settlement takes. In the meantime, some investors take a positive outlook of the referendum result, confirming that they will obviously keep investing in the UK and EU. In tech, the goal of investors is to make 100x return, so they are not afraid to lose 20% on foreign exchange.

Besides, there is nothing unusual for tech firms, which have seen it over and over again: for instance, Microsoft and FedEx started out in the 1973–1975 oil crisis and US recession, while Airbnb, Spotify and Uber were founded during the 2008–2009 financial crisis. So, if Brexit results in a crisis, it will be no different.

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Date:  Thursday, June 30th, 2016

Comments (5) (please add your comment »)

posted by (2016-07-01 12:23:51)
Faceless42001 avatarFree movement can go to hell! We aint having it!

posted by (2016-07-01 16:54:08)
keithportsmouth avatar"While Brexit is indeed bad for technology"
Yawnnnnnnnnnnnnnn ZZZZZZZZZZZZZZzzzzzzZZZZZZzzzz project fear is over so get over yourself muppet !!

posted by Trusted UploaderSite FriendET loverSupermanKitty (2016-07-01 17:35:57)
SirSeedsAlot avatarI don't recall smaller government ever causing harm

posted by Site FriendET junkieET loverSupermanTurtle (2016-07-01 18:43:46)
STFU avatarwish maggie was here she woulda said get to fukk lol

posted by (2016-07-02 22:43:29)
1BigChief avatarThis is great news ! Next up will be the demise of Babylon !!!

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