For us Europeans it's a good thing. There have been sane people here in Europe who never wanted to be reliant on US subscription software etc., but who had no chance of getting their view through.

For the US though, this European reliance on what is in effect rubbish is great. Rubbish in return for cars and all sorts of sophisticated technology.

I don't like calling ad firms etc. 'tech'. Technology for me is things like new chemical processes, whatever TSMC is doing, etc. and the US does have that, but firms like Meta are not a big player outside of machine learning research.