In case you have not seen how under-represented Europe is in the BigTech world take a look at Dr. Holger Schmidt’s yearly top-100 platforms in the world chart.
When I saw this for the first time a few years ago I could hardly believe that we are so far behind. This is troubling and a problem also because future well-paying jobs are created by these fast-growing firms while traditional industries grow slower or not at all.
What needs to happen?
Source: https://www.netzoekonom.de/plattform-oekonomie/
European companies only have 2.8% of the valuation of the top 100 big tech (platform) firms. Africa has 1.4% with only two big tech firms. The USA is at 78.5% and China at 17.3%.
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