4 ms·
> Because its almost impossible to compete? Explain the number of American unicorns and the (almost) complete lack of European unicorns then? Somehow American
by a4a4a4a4 4y ago
> Because its almost impossible to compete?
Explain the number of American unicorns and the (almost) complete lack of European unicorns then? Somehow American companies and startups find ways to compete and be relevant, and it just does not happen in Europe.
If you could snap your fingers and force Apple and Google to implement this today, these new markets (app stores and browsers for iOS) would be 99% filled by American companies.
- unity1001 4y agoUncontrolled amounts of dollars entering the stock market and the financial system thanks to dollar having been used as a reserve currency for mainly trading oil? Allowing fractional reserve lending from private banks to awash the economy with cash? Leading to EXTREME bloat in the stock market in 'valuations' that go over, what, 700 times the actual near-term revenue of corporations? Based on 'future revenue' that is supposed to materialize, but not visible into the next decade? Ending up in the investment space being able to dump insane amounts of money on hundreds of startups at a time by calculating that even if 99 of them fail at any given time, just one of them turning into an over-valued 'unicorn' would end up flushing the investor with 'value'? Which came down crashing the moment a few countries started trading oil and other resources with non-dollar currencies? So much that now all those unicorns all the way to Twitter and Facebook are in hot water because of their overvalued shares compared to their actual profits? ... Give any country free, non-devaluing money, and anyone will be able to do anything.