First of all "insignificant" is far fetched. Small? Yes. But not insignificant.
Second... I don't see how valuation matters. Did they loose money? Went out of business? No. VW lost valuation during the whole diesel gate scandal. Did that make VW a less relevant? No.
And the last thing that I wanted to mention: I said "this is just an implementation of an old French law into the European Level". And I was mentioning the French law itself, not the European Law.
The cookie issue that you're mentioning is related to the ePrivacy directive, which is solely European Law, that was passed one or two years before the whole lost of valuation. My point was just that the GDPR doesn't affect anybody.
> I don't see how valuation matters. Did they loose money?
Do you know that they are a publicly traded company? Losing money is exactly what happens when the stock price falls. When you lose more than half of your value, going out of business is a serious risk.
The stock price usually reflect the "feeling" of the investors. But it does not make a company loose/win money. It's just what the investors think the company will make in the future, but investors (as often) can be wrong.
It only affects the ability to make more money by issuing new shares.
But the "bank account" of the company doesn't get divided by two. Customers don't start paying only half the price for their service.
Second... I don't see how valuation matters. Did they loose money? Went out of business? No. VW lost valuation during the whole diesel gate scandal. Did that make VW a less relevant? No.
And the last thing that I wanted to mention: I said "this is just an implementation of an old French law into the European Level". And I was mentioning the French law itself, not the European Law.
The cookie issue that you're mentioning is related to the ePrivacy directive, which is solely European Law, that was passed one or two years before the whole lost of valuation. My point was just that the GDPR doesn't affect anybody.