Earlier quoted context omitted.
Obviously not. There are tons of large companies, many of which are often misread as American, because they are listed on the Nasdaq or another US exchange. Many EU companies have far higher revenues than their US counterparts (Airbus, Volkswagen, Alstom), are boring but crucial (Heidelberg, DTE) or not easily recognised (Novo Nordisk, Unilever). Even in tech, there's a lot of interesting ones: Booking.com, elastic s…
The EU's entire modern tech industry does not even measure up to that of one US company. Dismissals of the EU's inability to compete in tech is why EU citizens have missed out on literally tens of trillions of dollars in economic growth post-2000s. The EU's lack of ability to innovate is becoming a serious problem for the progress of our species as a whole.
> ability to innovate
Valuation and innovation could be related and could be not depending on the company, industry, fraud, etc.
> The EU's lack of ability to innovate
Modern American tech products are made of so many different parts, of which a significant portion is made (and designed) in EU, rest in US, Japan, Korea, China, etc.