Europe is now a corporate also-ran. Can it recover its footing?

Re:Europe is now a corporate also-ran. Can it recover its fo... by thow-01187 on Saturday June 12, 2021 @03:57AM (#27482558)

There's a case to be made that Europe is playing the smart game here.

At this point, US has cumulatively burned a few trillions in funding for their software corporations. Europe, meanwhile, gets the fruits of it, mostly for free (1). Case in point - I personally spent more money last month on a fish tank cleaner than to all Silicon Valley corporations combined, and even that's an aberration in my social circle - most of the others do not wire a single cent there.

Yes, the overall money flow in IT is from EU to US, but expressed as ROI, it's unlikely to be very impressive.

(1) - apart from Microsoft. Imho they're the true crown jewel of the US software sector. Most of the world's economy runs on Microsoft Office in one way or another

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Re:Europe is now a corporate also-ran. Can it recover its fo... by joelbluminator on Saturday June 12, 2021 @05:27AM (#27483049)

> most of the others do not wire a single cent there

That's a bit exaggerated. I'm sure EU businesses rely on Facebook for advertising or on Google/Microsoft/Amazon for software.

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