How sturdy are Europe’s tech unicorns?
The downturn is unlikely to lay waste to tech on the old continent again
“None of my friends stayed in tech.” Fred Plais, the boss of Platform.sh, a cloud-computing company based in Paris, still remembers vividly what happened in Europe in 2001. The firm he ran back then, an online-search engine, closed down after the dotcom bubble burst—along with most of the other startups he knew.
This article appeared in the Business section of the print edition under the headline “A species reborn”
From the July 9th 2022 edition
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