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by endisneigh 1426 days ago
The EU is rich but it’s not due to excellence in consumer tech. If anything TikTok is a great example since Shorts is catching up (albeit very slowly).

What are the areas in consumer tech where Europe enjoys the worldwide advantage in sales and mindshare?
3 comments
sofixa 1426 days ago
> What are the areas in consumer tech where Europe enjoys the worldwide advantage in sales and mindshare

Automobiles, video games off the top of my head. In any case, why does it matter? There are other things outside of consumer tech that are innovative and bring money.

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mrtksn 1426 days ago
There are other things in life and business than consumer tech and consumer tech is not only photo sharing.
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endisneigh 1426 days ago
I never claimed consumer tech is only photo sharing? You’re the one who even brought up Tiktok to begin with, lol.

Sad how it’s so hard to give examples of the EUs excellence in mainstream consumer tech, I guess.

There’s nothing wrong with the EU legislating since they can’t win the market share through traditional means. It’s a valid strategy. Let’s just not pretend, please. The restrictions that will be put in place may be what Europe needs to compete, but let’s just act like Europe is already in a strong competitive position.

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poniko 1426 days ago
Spotify, Minecraft, Klarna and Skype are some from the top of my mind ..
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toyg 1426 days ago
Most UK-EU fintech B2C startups are also better than any US option, afaik.
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mschuster91 1426 days ago
That's not that hard because the foundation of banking here in Europe is so strong. We don't run on physical checks here, we have working next-day inter-bank transfers and direct debits with more and more banks additionally supporting instant transfer, and most importantly we have way less fraud because we have actual identity cards for everyone instead of allowing everyone knowing your SSN to use your data to create fraudulent accounts.

The result is that European fintechs can skip a lot of groundwork that every US fintech has to deal with and we need less of them in the first place because stuff that needs fintechs in the US is available for everyone in the first place.

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