Heavy-handed regulation has essentially crippled Europe's tech ecosystem. Look at the numbers and it tells the whole story.
While the EU was tightening the screws, they're now slapping Google with a $10.5 billion fine—essentially picking at the remains of what could've been. Enough capital to fund ambitious projects they'll likely never see.
The contrast is stark. European GDP grew from $16.4 trillion in 2016 to $19.4 trillion by 2024—a $3 trillion increase over eight years. Meanwhile, the US went from $18.8 trillion to $29.2 trillion, adding $10.4 trillion in the same period. That's not just a gap; it's a chasm.
Regulation has its place, sure. But stifle innovation, and you're essentially watching your competitive edge slip away while others sprint ahead.
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StillBuyingTheDip
· 10h ago
NGL, the EU's move is really shooting itself in the foot. Fining Google 10.5 billion isn't as good as using that money to support local innovation.
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SilentObserver
· 10h ago
Europe's move just shot itself in the foot, still punishing Google for no reason.
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NeverVoteOnDAO
· 10h ago
Europe really messed itself up, fining Google $10.5 billion and still acting smug... It would be great if this money could actually be used for innovation.
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screenshot_gains
· 11h ago
The EU is really shooting itself in the foot... Why spend the $1.05 billion fine on Google instead of using it to support innovation?
Heavy-handed regulation has essentially crippled Europe's tech ecosystem. Look at the numbers and it tells the whole story.
While the EU was tightening the screws, they're now slapping Google with a $10.5 billion fine—essentially picking at the remains of what could've been. Enough capital to fund ambitious projects they'll likely never see.
The contrast is stark. European GDP grew from $16.4 trillion in 2016 to $19.4 trillion by 2024—a $3 trillion increase over eight years. Meanwhile, the US went from $18.8 trillion to $29.2 trillion, adding $10.4 trillion in the same period. That's not just a gap; it's a chasm.
Regulation has its place, sure. But stifle innovation, and you're essentially watching your competitive edge slip away while others sprint ahead.