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>the question how much this contributes to the building of successful and sustainable companies is still unanswered. Is it unanswered though? Out of TOP 100 companies by market cap[1], 80% of those are from the US, with the wealthiest being tech. EU only has few companies there ranging from oil, luxury goods, cosmetics, drugs, with only Siemens, SAP, Accenture(?!) and ASML being the only major EU tech companies a large and wealthy continent could muster, with SAP and Accenture not being known for much innovation. The US's 7 largest tech companies alone, Google, Apple, Microsoft, Tesla, Nvidia, Amazon, Meta, are worth more than Europe's entire tech sector combined including UK, Switzerland and Norway. It's not even a competition. It's like Muhammad Ali versus your kindergarten bully. But hey, at least we get paid sick leave and free healthcare. [1] https://companiesmarketcap.com/ |
They changed their HQ from Chicago to Ireland for tax reasons.