The thing is, Europe was once relevant as far as tech goes, but European hostility toward disruptive innovation undermined all that. The EU is far less willing to let a long-established but obsolete industry die out, far less willing to tell a company that it needs to adapt to new technology to stay in business, and far less willing to tell people that the world has changed. As a result, the EU is a technology backwater, and all the innovation and big business is happening elsewhere; and now that they are faced with foreign innovation the EU is doubling down with regulations that are doing nothing more than cementing the dominance of those foreign companies.