On January 4th, 2023 Term Sheet, a well-known financial newsletter by Fortune (typically regarding PE/VC) posted a series of predictions regarding the calendar year 2023.

One of these predictions was the following:

“2023 will be riddled with Big Tech companies developing corporate policies in direct response to evolving data privacy regulations. In absence of a federal data privacy law, Big Tech will have to shuffle their operations to meet varying state privacy policies. With increasing demands for consumer data protection, state policymakers will be forced to crack down on Big Tech’s data collection measures by issuing hefty fines.” —Steffen Schebesta, CEO North America & VP corporate development, Sendinblue

I will not attempt to initially define all resolution criteria in this market and will instead attempt to handle any nuances/complications/data feasibility as it arises. If by end of 2023 I think it is not possible to confidently resolve this market in the spirit in which it was intended, I reserve the right to resolve as "n/a".

Any clarifications to the resolution criteria will be listed below, along with the applicable date:

• [TBU]