> When undeveloped countries start developing faster
But will they? If you look at G-7 vs non G-7 markets over any reasonable time frame, what evidence makes you expect that non G-7 revenues will come anywhere close to G-7 revenues on a per customer basis? And given how stringent the EU is on privacy concerns, perhaps EU revenues will forever remain significantly lower than US revenues on a per-customer basis.
But will they? If you look at G-7 vs non G-7 markets over any reasonable time frame, what evidence makes you expect that non G-7 revenues will come anywhere close to G-7 revenues on a per customer basis? And given how stringent the EU is on privacy concerns, perhaps EU revenues will forever remain significantly lower than US revenues on a per-customer basis.