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by thow-01187
1835 days ago
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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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That's a bit exaggerated. I'm sure EU businesses rely on Facebook for advertising or on Google/Microsoft/Amazon for software.