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Tech giants have to comply with a new EU law that is set to change the internet. It aims to force open the biggest platforms to encourage competition and give users more choice in their digital lives.
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.
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.