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European companies are smaller on average and less likely to go public in general, so market cap comparisons don’t show the whole picture. Growing big is less o
by layer8 1y ago
European companies are smaller on average and less likely to go public in general, so market cap comparisons don’t show the whole picture. Growing big is less often seen as a goal than in the US. “Megacaps” aren’t necessarily considered a healthy thing to have.
- jimbokun 1y agoYes, and this all but guarantees that Europe will stay behind USA and China in their technology capabilities.
- layer8 1y agoIf it means sticking to their values, then so be it.
- mjburgess 1y agoWhat are these capabilities? I don't see any sense in which the EU has fewer capabilities. It has, say, a smaller number of businesses with smaller market dominance. It isnt clear to me what capability the EU would gain by having a monopolist social network, a monopolist search engine, a monopolist advertising trader
- jimbokun 1y agoEurope has all of those things, they just come from the US.