2 ms·
Most of those companies you mentioned aren't anywhere near as wealthy or as high market caps as US big-tech. Most of them are just payment middlemen not some i
by Rinzler89 2y ago
Most of those companies you mentioned aren't anywhere near as wealthy or as high market caps as US big-tech.
Most of them are just payment middlemen not some innovative product nobody else can do, and Spotify survives on monopolizing and squeezing artists, not some innovative product. Kind of like Netflix except Netflix has some cutting edge streaming tech as a product not just IP licenses.
ASML is the only product innovator there except their innovative EUV lightsources are licensed from Sandia labs in the US and made by Cymer in the US which ASML bought and licensed to not seel to China. So an US invention at the end of the day.
- dukeyukey 2y agoWe aren't exclusively talking about big tech here, just tech. Companies like Monzo dominate the local markets because they executed on ideas no-one else tried before. We forgot that huge, international tech companies are pretty much an exclusive American phenomenon, they don't really exist anywhere else.