Reply to post: Eh, count me as dubious

Europe is spaffing €20bn on handouts for tech

Marketing Hack Silver badge

Eh, count me as dubious

Hey, everyone loves tech startups and movies, but the fact is that Europe is not nearly a single market on a cultural or linguistic level, so people are not as likely to watch the average piece of cultural content made in some foreign country, versus a similar piece of content made at home.

As for tech startups, I'm surprised that Europe hasn't thrown up a real competitor in the web/social media arenas. You'd think that with the earlier penetration of mobile phones there, you would have seen at least a real Snapchat or Twitter competitor. However, I don't see a lot of competitive openings in the social media space right now.

Maybe the EU can buy Yahoo! for 20 billion Euros :)

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