JUST IN: ‘EU floats plan for €100bn ($164bn) sovereign wealth fund to counter American and Chinese tech giants’

This is wild. A unique story submitted to reddit in the last day by the user LeDankRedditUserxD titled EU floats plan for €100bn ($164bn) sovereign wealth fund to counter American and Chinese tech giants is gaining some traction, having got 13 comments already at the time of writing. You can read the initial story (posted by afr.com) at this link. This was posted at 2019-08-23 19:16:35 and has an ID of cucgbe. Here are some initial comments on what’s going on:

  • “EU could never launch anything capable of competing against, Microsoft, Amazon, Google and Apple at this point in time. Entirely pointless e… (limiting to 140 characters)”, posted by the user mattyyyp at 2019-08-24 09:17:13. We judge this to be a negative comment and one that is objective.
  • “How does EU plant to counter Americans when EU is dying a slow death?“, posted by the user TheFailedONE at 2019-08-23 23:34:20. We judge this to be a negative comment and one that is objective.
  • “How exactly does 100bn€ equal 164bn$? Last I looked the exchange was 1 to 1.1.“, posted by the user biglordtitan at 2019-08-23 22:37:59. We judge this to be a negative comment and one that is objective.
  • “That’s very EU: throw money at it and damn the need for enterprise, imagination or flair. An EU Alibaba or EBay would come with a thousand r… (limiting to 140 characters)”, posted by the user OliverSparrow at 2019-08-23 20:49:31. We judge this to be a negative comment and one that is objective.

As this is of great concern to me, I am looking for more facts on this story and will write a new story as soon as we have more information.

Karen Crowder

I am a journalist responsible for researching and publishing stories. I am always scouring different websites and news portals for new information.

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karen.crowder@globalrealnews.com

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