> building alternatives takes time and resources. the EU has neither.
The EU does not have the motivation, mostly. They are not rivals of the US in the way China is. So money goes elsewhere. Europe is still a continent with a whole bunch of people and quite a lot of money. The path of least resistance is to just use American solutions in some areas and to develop others locally. This might change and if there is a vacuum, it will be filled quickly.
Uber is a poor example of dominant American companies. They don’t really have a moat and they don’t really provide a better service than the alternatives in Europe. I don’t think people would miss them much if they left.
The famous companies with a moat are Apple, Google, Microsoft and Amazon(AWS) since they're vertically integrated so no start-up stands a chance of competing or like Reddit and you hold a large userbase knowledge repository.
Food delivery companies, ride sharing companies, flight & boarding booking companies are all expendable. If one goes down, another one will spring up tomorrow.
Yes, and I don’t see them moving away any time soon. It’s too much on their balance sheets (Europe is a bigger market than China for Apple, and the other two are deeply embedded with the local administrations and companies). All of them are following the legislative frameworks and adapting.
The EU does not have the motivation, mostly. They are not rivals of the US in the way China is. So money goes elsewhere. Europe is still a continent with a whole bunch of people and quite a lot of money. The path of least resistance is to just use American solutions in some areas and to develop others locally. This might change and if there is a vacuum, it will be filled quickly.