alt Hacker NewsApple is the same size as Europe's tech sector...just Apple.
Of the top 50 tech companies on Earth, 3 are European and 30 are American.[1]
Europe has a seriously lacking tech scene. The situation is borderline catastrophic.Even just this past week the OpenClaw guy ditched the EU for the US, calling out the EU's infertile business scene[2]. These are exactly the kind of people the EU should be clearing a path for and rolling out a rug. Wake up.
[1]https://companiesmarketcap.com/tech/largest-tech-companies-b... [2]https://www.businessinsider.com/openclaw-creator-slams-europ...
Replies
> calling out the EU's infertile business scene
lol, it's always because of money. European tech startups often sell out to US investors because they offer more money.
I've worked for companies that plodded along nicely privately owned, 20-50 employees, but they got "offers they couldn't refuse" from US companies and sold. Usually just buying us to stamp out potential competition/buying a customer base
Apple is a bit of a terrible example. They're not profitable unless they offshore hardware assembly, and their service revenue is considered an anticompetitive monopoly even domestically. The only way they got to this point was by fucking over American labor and the free market.
If you account for the market damages that Apple is responsible for, the situation is already catastrophic. The EU has every justification to decouple themselves from capricious and unaccountable businesses like Apple, Google and Microsoft.
US tech is so dominant because the US was the worlds benevolent superpower.
You've changed, we're adapting accordingly.