Unless you’ve stopped using the internet or TV, by now you’ve heard all about Brexit, a historic vote in the United Kingdom to leave the European Union. Stock prices fell, investors panicked and the media flocked to the story grabbing details faster than the New York Post Page Six. Technology has always been and will always be a global sector with publicly traded companies and startups conducting record-breaking transactions and booming business worldwide.
Tech companies who do business in the UK are likely concerned since the value of the pound has dropped to its lowest in decades. As of the writing of this column, one pound converts to $1.34 in US Dollars.
App makers including Facebook, Twitter and SnapChat will likely survive the storm of European turmoil and a divided country. Smaller app makers, or startups with less than 1 million users could have some valid concerns, especially those seeking overseas investors and attempting to break into a market that affected Wall Street stocks and have British businesses wondering what the future will hold. The United States, which has been under fire about laws, regulations and taxes, seems like a much stronger market with more predictability and plenty of investors ready to play ball with tech entrepreneurs. Our unity will be tested in the Trump vs Clinton election, but overall our values remain unscathed by political bickering.
Cross-posted from New York City Wired
Monica Link has interviewed CEOs, rising tech entrepreneurs and celebrities. She is a contributor for the New York Observer and freelance fashion and shopping editor for SnobbyDiva.com. Monica's work is followed by readers in more than 10 countries across the globe. Among her notable interviews are the cast of the style network's #1 show Jerseylicious, Food Network star Chef couple Pat and Gina Neely, celebrity trainer Gunner Peterson and New York Times Bestseller and financial planner David Bach. As a passionate lover of the arts, Monica has written and produced inspirational live stage plays, and performed as a singer. She has also participated in other arts and cultural activities.
Continue reading...
