> there are 3 letters in FAANG which don't do ads,
FAANG is Facebook(Meta), Amazon, Apple, Netflix and Google(Alphabet) right?
Facebook and Google are heavy on ads, Amazon has ads all over their shopping experience and in their video product; AWS isn't connected with ads though, Netflix has an ads tier in their video product too, I opted out of Apple so I don't know what ads look like on their products but I think they have a small ads product?
I'm not quite sure why the negative responses to your offer though. Sure, it's a bit mercenary, but it's an offer. Personally, I don't think it's really about personnel though, recruiting FAANG employees to Europe wouldn't generate European FAANGs; Europe needs to look at the business conditions that spawn these kinds of companies and see what they can change to encourage the kinds of companies they want. Why did Apple survive while early computer companies from Europe all folded and also where have all the European handset makers gone; where are the online megaretailers for Europe and why didn't they consider selling their surplus computing resources; why haven't Euro television companies developed a cross border streaming service; maybe something about search engines, maybe what stopped Europe from playing in the search engine wars before Google became dominant; bonus non faang question, why did Europay merge with Mastercard.
> recruiting FAANG employees to Europe wouldn't generate European FAANGs
Yep, this. We already have enough local FANG level talent, talent is not the problem in Europe.
What we don't have is:
1) the printing press of the world reserve currency so that VCs backed by our central bank can keep spending the fake money we print on tech gambles while the rest of world absorbs our inflation as if it were gold, and
2) the world's biggest military to nudge (enforce) our products and services on the rest of the world to ensure our hegemony
Until you fix both these point, or at least point 2 and kick out the US military and companies from our continent, like China did, you can't have a domestic SV that challenges the one from the US no matter how much good talent you have.
And we can't do that since we can't even kick Russia's ass right now after 4 years, let alone stand up to the US hegemony and enforce our will over them, so we'll continue to be dependent on them.
FAANG is Facebook(Meta), Amazon, Apple, Netflix and Google(Alphabet) right?
Facebook and Google are heavy on ads, Amazon has ads all over their shopping experience and in their video product; AWS isn't connected with ads though, Netflix has an ads tier in their video product too, I opted out of Apple so I don't know what ads look like on their products but I think they have a small ads product?
I'm not quite sure why the negative responses to your offer though. Sure, it's a bit mercenary, but it's an offer. Personally, I don't think it's really about personnel though, recruiting FAANG employees to Europe wouldn't generate European FAANGs; Europe needs to look at the business conditions that spawn these kinds of companies and see what they can change to encourage the kinds of companies they want. Why did Apple survive while early computer companies from Europe all folded and also where have all the European handset makers gone; where are the online megaretailers for Europe and why didn't they consider selling their surplus computing resources; why haven't Euro television companies developed a cross border streaming service; maybe something about search engines, maybe what stopped Europe from playing in the search engine wars before Google became dominant; bonus non faang question, why did Europay merge with Mastercard.