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June 28, 2016

Brexit could make Europe less friendly to US tech

  • Many U.S. tech companies now count on Europe for a quarter or more of their business.
    • By BRANDON BAILEY
    AP Technology Writer

    SAN FRANCISCO — Silicon Valley's biggest businesses could face tougher regulations following Britain's decision to withdraw from the European Union, and some might have to leave London to attract the best employees.

    Many U.S. tech companies now count on Europe for a quarter or more of their business. Beyond facing a financial downturn as the pound's value erodes, these companies might find Europe a more challenging environment in which to do business.


     
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