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Europe Is Breaking Open the Empires of Big Tech
(www.wired.com)
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this post was submitted on 08 Mar 2024
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Well ofc. But the reason I've heard for why we never have the likes of Google/Meta/Apple etc. is because our market is very fractured compared to the US
The reason is more that EU antitrust regulations still have some bite, and they don't let monopolies like Big Tech form. Also, there is less of a concentration of VC money since the economy at large is less financialized. Fewer firms are public, there is no equivalent of Wall Street.
Whether that's good or bad, I'll leave that up to everyone's conscience.
Europe has a Wall Street, it just happens to be the City of London.
Not many of these big companies are listed there though.
At least less than the US.