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A comment on Europe is now a corporate also-ran. Can it recover its footing?. Parent comment

Re:Europe is now a corporate also-ran. Can it recover its fo... by yorwba on Saturday June 12, 2021 @04:08AM (#27482622)
On January 8, 2007, the day before Jobs announced the iPhone, Apple had a market cap of $73.76B (source: https://www.macrotrends.net/stocks/charts/AAPL/apple/market-... ) That's not exactly tiny (except if you compare to their $2T today) but it's also not exceptional. There are hundreds of companies of comparable size, including in Europe. And they gained experience producing mobile devices with the iPod released in 2001. I can't say what size company they were back then (my source only goes as far back as $33B in 2005) but certainly they were smaller.

So I think it's wrong to say that "A small business will never be capable of producing anything like the iPhone for example." since a small business can become a bigger company releasing innovative products like the iPhone.

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Re:Europe is now a corporate also-ran. Can it recover its fo... by j_wtf_all_taken on Saturday June 12, 2021 @04:38AM (#27482800)
Yeah isn't that kind of the idea how innovation in working markets with healthy innovation (i.e. no monopolies preventing innovation by smaller companies) should work? Funny how that is forgotten when it comes to comparing penis sizes.
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