alt Hacker News> And to the haters: Show me any company or product from Germany in IT that is Top 100 globally. Only SAP is or has been featured somewhere below the bottom.
Much as people seem to dislike when I say this, but, Europe simply cannot compete anymore in technology and tries to legislate away its problems, which, while sometimes something good does come out of it like the DMA, it does not help long term when there are no good home grown big tech (or indeed, any sector in the top 100) companies of their own.
"Europe" is about 750,000,000 people in about 50 countries. There are huge differences in both culture and economics between one country and another and often even among different parts of the same country. It's probably not a great idea to generalise to "Europe simply cannot compete anymore in technology and tries to legislate away its problems".
One of the main reasons Europe doesn't have a lot of big tech companies is that a lot of its most innovative and successful companies get bought out by the giants in the US before they reach that scale themselves. I expect this is going to happen less in the future because of the recent shifts in opinions though.