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French search firm Qwant seeks €8M Huawei bailout loan

politico.eu

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Re: French search firm Qwant seeks €8M Huawei bailout loan

#51

Post by tester756 »

Udik wrote: post #33

> backed by French President Emmanuel Macron and European Commission Vice President Margrethe Vestager, Qwant was designed to become a rival to U.S. search giant Google and bolster the EU's tech sector How embarrassing is this? This is like playing with rocket bottles and claiming your aim is to rival SpaceX. The level of wishful thinking here is worth of a not too smart 12 yo. It's appalling to hear it coming from a…

The EU, France, need to swallow their misplaced, ridiculous pride and understand one simple thing: if you want SV results, you need to fucking copy SV. Otherwise just shut up and don't make an embarrassment of yourself.

did china copy SV to setup their comparable companies?

tencent, alibaba, baidu

Re: French search firm Qwant seeks €8M Huawei bailout loan

#52

Post by axiosgunnar »

Udik wrote: post #33

> backed by French President Emmanuel Macron and European Commission Vice President Margrethe Vestager, Qwant was designed to become a rival to U.S. search giant Google and bolster the EU's tech sector How embarrassing is this? This is like playing with rocket bottles and claiming your aim is to rival SpaceX. The level of wishful thinking here is worth of a not too smart 12 yo. It's appalling to hear it coming from a…

Every word is correct. The EU has become an embarrassing buerocratic nightmare for anything related to tech.

The EU needs to completely start over somehow.

Re: French search firm Qwant seeks €8M Huawei bailout loan

#53

Post by Udik »

tester756 wrote: post #51
Udik wrote: post #33

> backed by French President Emmanuel Macron and European Commission Vice President Margrethe Vestager, Qwant was designed to become a rival to U.S. search giant Google and bolster the EU's tech sector How embarrassing is this? This is like playing with rocket bottles and claiming your aim is to rival SpaceX. The level of wishful thinking here is worth of a not too smart 12 yo. It's appalling to hear it coming from a…

The EU, France, need to swallow their misplaced, ridiculous pride and understand one simple thing: if you want SV results, you need to fucking copy SV. Otherwise just shut up and don't make an embarrassment of yourself. did china copy SV to setup their comparable companies? tencent, alibaba, baidu

Good question. By "copy SV" I meant "set up an environment (law, financing) similar to the SV one. Looking for VC funding in China for example you get this (from here [1]):

"According to the Wall Street Journal, investments by Chinese VCs now represent 40 percent of the worldwide total (Silicon Valley still leads the field at 44 percent [edit: this puts Europe at 12% at most]) and China’s share is 15 times greater than in 2013.

VC investment in China grew by 3,000 percent – from 1.1 billion dollars to 34.1 billion dollars – between 2006 and 2016, with the fastest growth occurring between 2013 and 2016 (up to 2013, average VC investment in China was 4.3 billion dollars a year). This rate of growth continued after 2016.

Chinese startups attracted more VC money than their American counterparts – 56 billion dollars as opposed to 42 billion dollars – for the first time in the first half of 2018. However, that has not proved to be all good news. Due to the availability of VC money, and pressure by owners and shareholders of VC funds to invest,even less promising startups can secure funding relatively easily in China."

[1] https://www.netherlandsworldwide.nl/countries/china/startup-...

Re: French search firm Qwant seeks €8M Huawei bailout loan

#54

Post by natmaka »

eloisant wrote: post #27
gabaix wrote: post #23

Earlier quoted context omitted.

Neither 'diversion of public funds' (I believe you mean embezzlement) nor 'money laundering' would fit the description. This is more akin to 'poor use of public funds', which is also common in the US, and equally frown upon.

I think the term he's looking for is Embezzlement of Public Funds indeed. It's not just "poor use of public funds", but illegal use of public funds. For example when a public institution picks a supplier in an illegal manner (i.e. picking a friend instead of respecting the process for a public contract, or using public funds for personal benefits).

'Embezzlement' seems harsh, 'crony capitalism' (collusion between a business class and the political class) is IMHO the cause here.

Re: French search firm Qwant seeks €8M Huawei bailout loan

#55

Post by dantheman »

raverbashing wrote: post #39
kmlx wrote: post #37

Earlier quoted context omitted.

> You mean launching Google when we have Altavista? google was miles ahead of altavista. > Launching FB when we have LiveJournal FB was miles ahead of LiveJournal. —- a trend appears…

Not at their beginning they weren't. Google wasn't better than AV after their first investment. FB wasn't even public at first, but School/University only.

They had different ideas / approaches.

Re: French search firm Qwant seeks €8M Huawei bailout loan

#56

Post by xNeil »

ErrrNoMate wrote: post #11
xNeil wrote: post #9

Earlier quoted context omitted.

> Qwant should be dead, it is said most of its index is served by Bing anyway. Almost all search engines apart from Google use the Bing Index, including DuckDuckGo, Ecosia, Excite, Lycos, and Yahoo! Search. [1] [1]: https://en.wikipedia.org/wiki/List_of_search_engines

This might be of use to you also: https://searchenginemap.com/

That's an excellent website, thank you very much for your suggestion!
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