According to a recent article on Reuters, Google has a plan in play to move British Google users away from EU regulations, which provide one of the world’s most comprehensive data protection structures through the General Data Protection Regulation (GDPR). The change would be another result of BREXIT, the UK’s exit from the EU, which occurred last month and could potentially leave millions of users without the benefit of GDPR.
The switch would be accomplished by moving the UK from Irish jurisdiction, which provides for the EU-backed protection, to another jurisdiction, perhaps to that of the United States, which has some of the weakest privacy protection in the entire world. It would be formalised by a new Terms of Service agreement that would be floated out soon and required to be approved for continued use of most Google services.
There is more to this story than meets the eye, because when talking about privacy, we are also talking about law enforcement. The EU law severely restricts the ability of law enforcement agencies to collect private information about users, but this change would make it easier for those agencies to collect such information. Without delving into political consequences, we will leave it to the reader to decide if this is a benefit or a detriment.
We are honored to be working with the international award winning Indian author and chef, Mridula Baljekar. We have known Mridula for several years, meeting her when she had her hugely successful restaurant, “Spice Route” in Windsor, England. We are assisting her with marketing efforts and working in conjunction with her social media team to help build her brand as she introduces a new line of chutneys and other prepared Indian dishes in the UK. You can learn more about Mridula here…
Private equity giant KKR announced plans this morning to buy internet health information giant WebMD Holdings for $2.8 billion, a revenue multiple turning heads in the industry and proving once again the increasing value of revenue generating websites.
The company has just announced preliminary financial results for the three months ended June 30, 2017 showing that second quarter revenue is expected to be approximately $176 million, an increase of approximately 5% from the prior year period. Prior financial guidance for the quarter was $170 million to $173 million. First quarter revenue was $154.1 million, bringing the projected total results for the first half of the year to a projected $330 million, meaning that the deal should be valued at multiple of between 4 to 5 times revenue.
We have always held WebMD as an example of a great revenue generating website. Today’s announcement is just another strong indication of the increasing value of such sites as the market begins to better understand this new asset class.