April 18, 2024

Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller.

Not only do these businesses represent many of the world’s most valuable public companies by market capitalization, but they increasingly represent the cutting edge of both technological innovation as well as the power of incumbency and global reach.

And, for the most part, these Big Tech giants are all American-made ones that benefit from international network effects.

That’s why PYMNTS on Thursday (April 18) unpacked the past 30 years of digital winter in Europe, noting that of the 69 digital businesses worth $10 billion or more as of December 2023, the European Union (EU), which accounts for 21% of global GDP, had spawned just five:...

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