[jcfrei]

It's not like having fewer regulations in tech would be an instant panacea. The bigger reasons for US dominance are the larger capital and consumer market - both still fragmented in the EU. Add on top of that a more flexible labour market in the US (someone from California is more likely to work in New York than someone from Lithuania to work in Portugal). Regulations do matter but there's so many other things that make it harder in Europe.