Past couple of decades, how many exactly? I mean Apple (48), Microsoft (51), Amazon (32), Nvidia (33), Oracle (49), Adobe (44), Cisco (42), Intel (58), Google (28) aren’t exactly young.
With the exception of Tesla (23) and Meta (22), USA is not brimming with large new tech companies from the past decades either.
I mean King, Spotify, and Klarna are not trillion dollar companies. But at least they are younger than Google.
American companies at around Spotify's market cap include Palantir (23), CrowdStrike (15), AppLovin (14), Uber (17), ServiceNow (22), Robinhood (13), AirBNB (18), Snowflake (13).