America will just get behind even more as years pass behind Europe in terms of proper regulation of the digital economy, which benefits citizens instead of companies and rich billionaries.
The reason is that europeans have nothing to win from those "winner-take-all" platforms the US has built in the past decades. Europe has built zero of them.
It contributes very little to Europe's GDP or the overall being of the european. And in some cases, it eats Europe's GDP, moving economic activity back to the US. This is different than for Americans which big tech is a net-positive contributor to society in my POV, mainly because how much economic activity $ it generates.
Big techs provide huge paychecks and made a lot of people rich in the US, and most of its GDP growth in the last decade. But it's a double-edged sword.
They will make laws in favor of them in detriment of the average American, while minting more billionaries than Europe could ever dream of.
Europe will take a long time to get the digital revolution the US already did, but it'll mostly come from regulations and government initiatives. And will be net-positive for humans living in Euope, not for owners of corporations.
It is interesting isn't it? Most of Europe has better internet access than the US for similar reasons: sensible regulation led to high competition.