Or the US tech companies could abandon EU markets

They could, it could be a blessing for competitors in the EU.

But they won't because the EU is a huge market and money speaks, while that happens they need to comply with the laws. Stop breaking the laws and you stop being fined, it's pretty simple for multi-billion/low-trillion market cap companies, innit?

▲

lenkite 6 hours ago | parent | prev | next [-]

It would be terrific if this happens. Can give room for alternatives to grow in the EU. Even the rest of the world would love it.

So far only China has managed alternatives - and only thanks to govt exclusion. US behemoths just eat everyone else up - even in the global South.

▲

linhns 4 hours ago | parent | next [-]

I’d love alternatives that work well, but having used the said Chinese ones, I got no choice but to stick to the behemoths. Telegram may eat a bit into the messaging dominance, but that’s it.

▲

tt24 5 hours ago | parent | prev [-]

I’m sorry to disappoint you but the EU is unable to create any usable alternatives to US tech chiefly due to lack of SWE talent (among other things). Anyone remotely competent sees the 40k senior SWE salaries offered by European tech companies and immediately crawls through glass just to work at a mid-tier company in the Northern California area of the United States.

▲

lenkite 5 hours ago | parent [-]

Once they pay "modern" US health insurance (esp after a layoff) and also need to raise a family, the vast majority will crawl back through lava.

▲

tt24 5 hours ago | parent [-]

Still no - PPP (that’s after expenses such as food, healthcare, housing, etc) is significantly higher in the United States.

▲

lenkite 5 hours ago | parent [-]

I believe that would be true (after food, housing, healthcare, taxes, child-care, etc) only for a very narrow band of senior SWE's. And you are still not considering employment protection. And for junior or mid-level SWE's, not at all true for the overwhelming majority.

	▲	tt24 4 hours ago \| parent [-]
		This is true not only for SWEs, but for the median worker in the United States.

▲

hnbad 6 hours ago | parent | prev [-]

You must believe that US companies are trying to enter and stay in hostile markets out of the sheer kindness of their hearts. Have you considered that not being present in the second biggest market by GDP may actually be a massive liability by creating a massive opportunity for competitors that will be far better adapted to stricter regulatory conditions? You could just as well advise US car manufacturers to stick to building cars like the Cybertruck and ignore markets that consider it unsafe.