• @[email protected]
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    268 months ago

    I agree that they’re not able to compete, but I’m pretty sure they aren’t doing it out of spite. I think they just see it as a big, monopolistic market that needs opening to competition (they have taken similar steps in other sectors as well, btw)

    • Justin
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      8 months ago

      Spotify, booking.com, Skype (formerly), Klarna, and Zalando are some examples of large European tech companies. Zalando has been trying to challenge the DSA, actually. But yeah, the majority of the largest tech companies are US based.

    • @CustodialTeapot
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      48 months ago

      You do know Europe has it’s own stock market with hundreds of fin and big techs?

      • @[email protected]
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        48 months ago

        Well ofc. But the reason I’ve heard for why we never have the likes of Google/Meta/Apple etc. is because our market is very fractured compared to the US

        • @[email protected]
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          78 months ago

          The reason is more that EU antitrust regulations still have some bite, and they don’t let monopolies like Big Tech form. Also, there is less of a concentration of VC money since the economy at large is less financialized. Fewer firms are public, there is no equivalent of Wall Street.

          Whether that’s good or bad, I’ll leave that up to everyone’s conscience.

          • HobbitFoot
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            48 months ago

            Europe has a Wall Street, it just happens to be the City of London.

            • @[email protected]
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              8 months ago

              Not many of these big companies are listed there though.

              At least less than the US.

      • @[email protected]
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        8 months ago

        EU doesn’t have any big tech, i.e. tech companies the size and power of Google/Amazon/Meta/Microsoft/Apple.

        • @CustodialTeapot
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          18 months ago

          Oh sorry. I forgot you made the goal posts so that only you can be right. Fucking hell…

            • @CustodialTeapot
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              8 months ago

              I’m sure you have a definition of your own. So I’ll cast a wide web to see what sticks for you.

              ASML, ADYEN, NXP, NOKIA, SAP, DASSAULT, BAT, Spotify, LOGI

              And yes, I know these don’t hold a candle to the Mag7 of America…