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Comment by richwater | Hacker News Reader

Why do you think EU tech companies are nonexistent?

Because they have mild success only. DailyMotion is great as #2, but Youtube is about 1000x bigger. Other startups exist, but are far from Apple-style success. Who would let any company own a campus anyway.

If "tech giant" equals "web advertising platform", then sure. But there are quite a few big physical tech companies within the EU. Bosch and Facebook have about the same revenue, for example. ZF Friedrichshafen, a company noone has heard of, has double the revenue of Youtube.

I wouldn't call making dishwashers tech. I'm not disparaging, I love how quiet my Bosch is, but I would classify it as an industrial company not a technology company

You should probably read more about the other things Bosch does i.e the entire automotive part of it.

They do more than that, e.g. IoT and PaaS stuff: https://developer.bosch-iot-suite.com/ Also, when googling I found this: https://tpl.informatik.uni-stuttgart.de/wp-content/uploads/2...

Don't know how successful these endeavors are.

Bosch is quite big, they are also a major supplier of the things e.g. a Tesla is made off, e.g. of the hardware behind the self driving functionality. And health tech like germ detection.

ARM Holdings.

ARM holdings is owned by a Japanese fund and being sold to a US corporation.

European salaries are paltry in comparison to US and the businesses are either stagnant (Bosch) or dying off except for a few successful ones that are being sold off to either Chinese conglomerates (Volvo) or USA/Japan (ARM holdings)

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