> Deepmind is still in the UK
they dont mean location, they mean ownership of the equity.
Yes, but what does it matter? Google has equity owners all over the world, but we still treat them as an American company, too.
Profit goes out of the country, reducing investment and rich UK people to invest in new UK companies. It's the same problem with many of our companies being sold to foreign investors: profits are taken outside the country (as we did to other countries in the 19th century and earlier) so our labour enriches other countries while our country gets poorer.
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> Profit goes out of the country, reducing investment and rich UK people to invest in new UK companies.
Rich foreigners are happy to invest in the UK. See eg Deepmind itself, which was bought by Google.
> [...] so our labour enriches other countries while our country gets poorer.
Foreign investment is usually seen as a good thing. Especially foreign direct investment.
And: why do you care so much what passports these rich people hold?
i think you will find the majority owner of google are american.
And i'm not saying it matters - i'm saying that the OP is lamenting that the UK is no longer owning innovative companies.