Harvard economic platform researcher Dipayan Ghosh proposes some alternative solutions to breaking up tech titans such as Facebook, Google, Apple, and Amazon.

Olivia London

2019-07-23 09:22:00 Tue ET

Harvard economic platform researcher Dipayan Ghosh proposes some alternative solutions to breaking up tech titans such as Facebook, Google, Apple, and Amazon. As Ghosh suggests, breaking up tech titans would only serve to punish innovative tech enterprises that have already created tremendous economic value. The major tech titans have become quasi-monopolies that necessitate a novel and stringent set of *utility regulations* for better privacy protection and personal data usage. In fact, these regulations should obstruct the capitalistic overreaches of tech titans in order to protect the public against economic exploitation. Facebook, Google, Apple, and Amazon reap substantive mercenary gains from their network services when more people use these services.

Their current infrastructure makes it extraordinarily difficult for new entrants to offer competitive levels of consumer utility. The tech titans extract consumer currency on the basis of personal data and attention. Moreover, these tech pioneers extract consumer currency on one side of the platform, and then exchange such currency for monetary revenue at high margins on the other side of the same platform. This subtle but corrosive form of economic exploitation seems objectionable to Justice Department, Federal Trade Commission, and European Commission. Ghosh thus advocates an alternative case for utility regulations in lieu of breaking up the tech titans such as Facebook, Google, Apple, and Amazon.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More
The finance ministers of Britain, Canada, France, Germany, Italy, and Japan team up against U.S. President Trump at the G7 forum.
Jonah Whanau

2018-06-02 09:35:00 Saturday ET

The finance ministers of Britain, Canada, France, Germany, Italy, and Japan team up against U.S. President Trump at the G7 forum.

The finance ministers of Britain, Canada, France, Germany, Italy, and Japan team up against U.S. President Donald Trump and Treasury Secretary Steven Mnuchi

+See More
Most artificial intelligence applications cannot figure out the intricate nuances of natural language and facial recognition.
Fiona Sydney

2019-09-01 10:31:00 Sunday ET

Most artificial intelligence applications cannot figure out the intricate nuances of natural language and facial recognition.

Most artificial intelligence applications cannot figure out the intricate nuances of natural language and facial recognition. These intricate nuances repres

+See More
With prescient clairvoyance, Bill Gates predicted the recent rise of Facebook and Netflix.
Monica McNeil

2017-02-07 07:47:00 Tuesday ET

With prescient clairvoyance, Bill Gates predicted the recent rise of Facebook and Netflix.

With prescient clairvoyance, Bill Gates predicted the recent sustainable rise of Netflix and Facebook during a Playboy interview back in 1994. He said th

+See More
Most agile lean enterprises often choose to cut costs strategically to make their respective business models fit for growth.
Daphne Basel

2020-10-27 07:43:00 Tuesday ET

Most agile lean enterprises often choose to cut costs strategically to make their respective business models fit for growth.

Most agile lean enterprises often choose to cut costs strategically to make their respective business models fit for growth. Vinay Couto, John Plansky,

+See More
OECD cuts the global economic growth forecast from 3.5% to 3.3% for the current fiscal year 2019-2020.
Rose Prince

2019-03-27 11:28:00 Wednesday ET

OECD cuts the global economic growth forecast from 3.5% to 3.3% for the current fiscal year 2019-2020.

OECD cuts the global economic growth forecast from 3.5% to 3.3% for the current fiscal year 2019-2020. The global economy suffers from economic protraction

+See More
Net neutrality rules continue to revolve around the Trump administration's current IT agenda of 5G telecom transformation.
Becky Berkman

2018-05-15 08:40:00 Tuesday ET

Net neutrality rules continue to revolve around the Trump administration's current IT agenda of 5G telecom transformation.

Net neutrality rules continue to revolve around the Trump administration's current IT agenda of 5G telecom transformation. Republican Senate passes the

+See More