5 ms·
At some point, US companies will get fed up with constantly being harassed by the EU and just give up on the relatively small (as in money, not population) Euro
by wyager 4y ago
At some point, US companies will get fed up with constantly being harassed by the EU and just give up on the relatively small (as in money, not population) European market entirely. The hostility is simply not worth it.
For a sense of scale - the EU has 0 (zero) of the 14 largest companies by market cap. Out of the next 25, only a handful are in the EU.
- tester756 4y agoGo ahead and bet your money on that If your prediction happens, then EU based startups/companies that'll fill the void will booom.
- ianbutler 4y agoI like Europe, but a climate for entrepreneurship is not something you have.
- tester756 4y agoThat's irrelevant imo. If FAANG announced leaving EU, then somebody's stock would go up hard, at least on the beginning.
- WanderPanda 4y agoAnd productivity would falter even more without Google and Apple…
- noogle 4y agoWhy? There are various search engines that perform sufficiently well, all ran by start-up (Neeva, Kagi etc.). Android is a suitable alternative for iOS. The absence of European tech giants might reflect the consolidated nature of software rather than the competence of the EU.
- rowanajmarshall 4y agoThe world's third largest tech sector is in a European country (the UK), and the two country's bigger than it are literally continent-scale superstates with around 10x the GDP.
- astrange 4y agoThe EU is set up to regulate already giant companies, which means it's not possible to create new ones because they can't afford the regulatory risk. (Mostly because the regulations are intended to troll American companies, not to do anything useful.) And there isn't sufficient venture capital to build up new ones either. Maybe they can all adopt Yandex and VK.
- tester756 4y ago>Mostly because the regulations are intended to troll American companies Which one?
- wyager 4y agoWhy do you think that there are 0 (zero) EU tech companies that have "boomed"?
- ESMirro 4y agoIt’s just like reading the fan fiction on Macrumours. Any day Apple are going to leave the EU over the Digital Markets Act, any day now!
- belter 4y agoAnd not a single one of them would be missed or affect European quality of life if they would be gone. How would Europe survive without Facebook...Microsoft spyware and Google advertisements?