Billionaire companies want to pull up the ladder behind them
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Source: Politico
Published: 2026-07-08 13:00 UTC+10:00
Section: Collateral
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Europe, Economy & Finance, Labour & Workers, Elections, Business & Economy, Technology
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Snippet:
In 2013, when the Association for Competitive Technology released its first State of the App Economy in Europe, mobile app-based software businesses were generating roughly €10 billion and sustaining more than 700,000 jobs. In 2022, they were generating more than €290 billion annually (2,900 percent growth) and sustaining 1.8 million jobs (250 percent growth).
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