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Really makes me wonder what the European tech scene is like. I might be living in my North American tech bubble but I rarely hear about large tech conglomerates

Really makes me wonder what the European tech scene is like. I might be living in my North American tech bubble but I rarely hear about large tech conglomerates coming out of the EU nor any "revolutionary" products. Is there just no investment? What is the US doing that Europe isn't?

uni_rule 3y ago
The EU seems to do more "back end" technological developments than it does visible consumer brands. Less Apple or Google, more ASML or Nokia Networks.
- BadTakeAbove 3y ago
  Regulations stifle anything that deals with consumers directly.
BadTakeAbove 3y ago
You aren't in a bubble, there just aren't many. There are tech companies but they're largely copies of US companies built for the local market (DoorDash -> Deliveroo, Uber/Lyft -> Bolt, etc). Europe has twice the number of people so there should be twice the number of notable companies but it's a small fraction instead. The US has a history of innovation and a culture of ambition, drive, and seeking financial independence. Europe is more concerned with regulation and bureaucracy.
- Moldoteck 3y ago
  Nr of people is irrelevant. Nr of people speaking same language and having similar culture is relevant. Also nr of steps to break into markets of each eu country
johanvts 3y ago
It does happen. Spotify and Unity come to mind, but then they always move to the US. Don’t know why.
czytaszhakera 3y ago
Spotify (Sweden): Spotify is a leading digital music service that provides access to millions of songs. It was founded in 2006 in Stockholm, Sweden. SAP SE (Germany): SAP is a multinational software corporation that makes enterprise software to manage business operations and customer relations. Nokia (Finland): Nokia is a multinational telecommunications, information technology, and consumer electronics company, founded in 1865. Adyen (Netherlands): Adyen is a global payment company that allows businesses to accept e-commerce, mobile, and point-of-sale payments. Arm Holdings (UK): Arm Holdings is a leading technology provider of silicon IP and custom SoCs at the heart of billions of devices. Their architecture is key for computing, especially in mobile devices. ASML Holding (Netherlands): ASML is a leading supplier of photolithography systems for the semiconductor industry. Zalando (Germany): Zalando is a European e-commerce company based in Berlin. The company follows a platform approach, offering fashion and lifestyle products to customers in 17 European markets. Klarna (Sweden): Klarna is a fintech company that provides buy-now-pay-later services, which simplify the payment process for consumers and merchants. Revolut (UK): Revolut is a fintech company that offers banking services including a pre-paid debit card, currency exchange, cryptocurrency exchange and peer-to-peer payments. DeepMind (UK): Owned by Alphabet, the parent company of Google, DeepMind is a world leader in artificial intelligence research and its application for positive impact.
- diarrhea 3y ago
  Reads like when I prompted ChatGPT for well-known, large and public projects written in C#. Yeah you’ll get a list, but it’s not a very exciting one and fizzles out after about three entries. As another commenter said, both operate in the “back end”, non-consumer world.
deleted 3y ago
[deleted]
kapperchino 3y ago
Probably because of antitrust laws that are actually enforced
- papertrail-work 3y ago
  How is this good if the antitrust laws are stifling innovation. The logical leap is obviously far, but the comment seems to lead a reader to think that antitrust laws is leading to less innovation in Europe..

uni_rule 3y ago

The EU seems to do more "back end" technological developments than it does visible consumer brands. Less Apple or Google, more ASML or Nokia Networks.

BadTakeAbove 3y ago
Regulations stifle anything that deals with consumers directly.

BadTakeAbove 3y ago

You aren't in a bubble, there just aren't many. There are tech companies but they're largely copies of US companies built for the local market (DoorDash -> Deliveroo, Uber/Lyft -> Bolt, etc). Europe has twice the number of people so there should be twice the number of notable companies but it's a small fraction instead. The US has a history of innovation and a culture of ambition, drive, and seeking financial independence. Europe is more concerned with regulation and bureaucracy.

Moldoteck 3y ago
Nr of people is irrelevant. Nr of people speaking same language and having similar culture is relevant. Also nr of steps to break into markets of each eu country

johanvts 3y ago

It does happen. Spotify and Unity come to mind, but then they always move to the US. Don’t know why.

czytaszhakera 3y ago

Spotify (Sweden): Spotify is a leading digital music service that provides access to millions of songs. It was founded in 2006 in Stockholm, Sweden. SAP SE (Germany): SAP is a multinational software corporation that makes enterprise software to manage business operations and customer relations. Nokia (Finland): Nokia is a multinational telecommunications, information technology, and consumer electronics company, founded in 1865. Adyen (Netherlands): Adyen is a global payment company that allows businesses to accept e-commerce, mobile, and point-of-sale payments. Arm Holdings (UK): Arm Holdings is a leading technology provider of silicon IP and custom SoCs at the heart of billions of devices. Their architecture is key for computing, especially in mobile devices. ASML Holding (Netherlands): ASML is a leading supplier of photolithography systems for the semiconductor industry. Zalando (Germany): Zalando is a European e-commerce company based in Berlin. The company follows a platform approach, offering fashion and lifestyle products to customers in 17 European markets. Klarna (Sweden): Klarna is a fintech company that provides buy-now-pay-later services, which simplify the payment process for consumers and merchants. Revolut (UK): Revolut is a fintech company that offers banking services including a pre-paid debit card, currency exchange, cryptocurrency exchange and peer-to-peer payments. DeepMind (UK): Owned by Alphabet, the parent company of Google, DeepMind is a world leader in artificial intelligence research and its application for positive impact.

diarrhea 3y ago
Reads like when I prompted ChatGPT for well-known, large and public projects written in C#. Yeah you’ll get a list, but it’s not a very exciting one and fizzles out after about three entries. As another commenter said, both operate in the “back end”, non-consumer world.

deleted 3y ago

[deleted]

kapperchino 3y ago

Probably because of antitrust laws that are actually enforced

papertrail-work 3y ago
How is this good if the antitrust laws are stifling innovation. The logical leap is obviously far, but the comment seems to lead a reader to think that antitrust laws is leading to less innovation in Europe..