Why? Because they aren't profitable and EU companies don't have access to the cheap capital that their American cousins do. Azure and GCP still bleed billions

Why? Because they aren't profitable and EU companies don't have access to the cheap capital that their American cousins do. Azure and GCP still bleed billions of $ despite all manner of accounting tricks (google includes Gmail in their cloud revenue!, Microsoft does something similar) So far as I know AWS is the only profitable large scale cloud service. Probably because of their first mover advantage giving them scale (customers and products offered)