🚨 France just passed a WILD tax on internet traffic
11-10 vote (razor thin)
→ ~$0.10 per GB of data transmitted
→ Targets Netflix, YouTube, Meta
→ Expected to pull in $12B/year
This is insane. Governments are getting desperate for revenue and going after Big Tech's infrastructure.
If this spreads to other EU countries, it could:
• Push streaming costs higher
• Accelerate decentralized alternatives
• Create a real use case for Web3 CDNs
Watch how tech giants respond. Could be a catalyst for privacy/decentralized data solutions to pump.
11-10 vote (razor thin)
→ ~$0.10 per GB of data transmitted
→ Targets Netflix, YouTube, Meta
→ Expected to pull in $12B/year
This is insane. Governments are getting desperate for revenue and going after Big Tech's infrastructure.
If this spreads to other EU countries, it could:
• Push streaming costs higher
• Accelerate decentralized alternatives
• Create a real use case for Web3 CDNs
Watch how tech giants respond. Could be a catalyst for privacy/decentralized data solutions to pump.
