Uber, Slack, and Dropbox are just some of the buzzy billion-dollar startups freaking out about the potential consequences of Brexit.
In the process, they are publishing warnings about the threats that Britain leaving the EU could pose to their businesses.
"Exposure to political developments in the United Kingdom, including the outcome of the U.K. referendum on membership in the European Union, could harm us," Slack warns potential investors in its S-1 documents filed on Friday. The final form Brexit will take remains unclear, clouding the British business and political landscape with paralyzing uncertainty.The different companies raise different concerns about potential implications of Brexit. A key concern raised by Slack is how Britain's final potential deal with the EU will affect its laws on handling user data — a subject of obvious concern to a platform for enterprise messaging.
Uber, meanwhile, has an entire shopping list of worries:"Financial laws and regulations , tax and free trade agreements, intellectual property rights, supply chain logistics, environmental, health and safety laws and regulations, immigration laws," and so on.You can read the full relevant sections from the companies' risk factors in their S-1's below. Exposure to political developments in the United Kingdom, including the outcome of the U.K.
the United Kingdom's exit from the European Union may create increased compliance costs and an uncertain regulatory landscape for offering equity-based incentives to our employees in the United Kingdom.
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