> What tech companies? At the end of the day, it's all about capital and IP.

It's not just about capital and IP. It's now about a halo of related things, like everyone using US payment networks - if the US unbanks you, even banks in your own country can't do business with you[1]. Or everyone using a US-based messaging platform (WhatsApp) because its been subsidised by a BigTech to cost $0, whereas text messages are still not free...

[1]: https://english.elpais.com/international/2025-12-28/the-comp...