Booking considers leaving EU over ‘dumb’ regulations, FT reports

Booking Holdings is considering leaving the EU over “dumb” EU regulations that its CEO says are putting the online travel group at a “competitive disadvantage,” The Financial Times’ Javier Espinoza reports. “If regulations are not smart regulations then you’re at a competitive disadvantage,” he said during the Financial Times’ TNW tech conference in the Netherlands on Thursday. “I believe in giving customers the best prices. Any regulation that prohibits us , I consider that to be a dumb regulation.” Asked whether he is considering moving the company’s headquarters out of the EU amid his concerns over the EU’s growing scrutiny of tech groups, Fogel said “I never say no to anything that is possible.”