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1. There's no meaningful European competition.

2. Trump is making everyone scared to use US hosting.

So they're leveraging for extra profits.

That is indeed what the comment seems to be implying.

"No meaningful European competition" might be a bit too strong. There are many great EU hosters. OVH, Netcup, Scaleway, Strato, Ionos, Exoscale, to name a few. But Hetzner is probably the biggest and has the best name recognition. Doesn't hurt that their prices are among the best in the industry

These are all really quite small though.

Revenue (EUR): Ionos 1.5bn, OVH 1bn, Hetzner 0.5bn, Strato <0.2bn, Netcup (incl. parent) <0.1bn, Scaleway <0.1bn, Exoscale <0.01bn

The ridiculous prices of memory surely does not help.

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