US Tech Companies Expected To Lose More Than $35 Billion Over NSA Spying

Patrick O'Neill writes: Citing significant sales hits taken by big American firms like Apple, Intel, Microsoft, Cisco, Salesforce, Qualcomm, IBM, and Hewlett-Packard, a new report says losses by U.S. tech companies as a result of NSA spying and Snowden's whistleblowing "will likely far exceed" $35 billion. Previously, the Information Technology and Innovation Foundation put the estimate lower when it predicted the losses would be felt mostly in the cloud industry. The consequences are being felt more widely and deeply than previously thought, however, so the number keeps rising.

Comments

Freedom has a cost

[Anonymous Coward]

I, for one, appreciate that it takes money to protect my freedom from terrorists. I have nothing to hide

I might even use so-called "free" software one day if it would stop circumventing the efforts of those trying to protect us. In the meantime I'll stick with Microsoft and Apple.

Re:Freedom has a cost

[meta-monkey]

Sigh. I remember my first troll...