House Judiciary Committee summons senior executive reps of the tech titans to assess online platforms and their market power.

Peter Prince

2019-08-18 11:33:00 Sun ET

House Judiciary Committee summons senior executive reps of the tech titans to assess online platforms and their market power. These companies are Facebook, Apple, Microsoft, Google, and Amazon (F.A.M.G.A.).

Congressional committee members focus on whether these tech giants abuse their clout to crush their rivals in social media, e-commerce, software, Internet search, and artificial intelligence. Antitrust scrutiny and tech compliance emerge from the sheer size of F.A.M.G.A. and so remain key bipartisan regulatory issues in America. F.A.M.G.A. represent the cumulative $4+ trillion equity valuation or almost 15% of U.S. stock market capitalization, and also amass $180+ billion in pre-tax profits or 10% of pre-tax profits made by U.S. public companies. In recent years, F.A.M.G.A. have spent billions buying rivals to stifle competition. The major merger deals are:

(1) the $20 billion acquisitions of Instagram, WhatsApp, and Oculus by Facebook;

(2) the $15 billion acquisitions of Whole Foods Market and PillPack by Amazon;

(3) the $45 billion acquisitions of LinkedIn, Skype, GitHub, and Nokia by Microsoft;

(4) the $16 billion acquisitions of DeepMind, Motorola, and Nest by Google; and

(5) the $10 billion acquisitions of Semetric Music, Shazam, and Turi etc by Apple.

 


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

U.S. fiscal budget deficit hits $1 trillion or the highest level in 7 years.

Monica McNeil

2019-10-25 07:49:00 Friday ET

U.S. fiscal budget deficit hits $1 trillion or the highest level in 7 years.

U.S. fiscal budget deficit hits $1 trillion or the highest level in 7 years. The current U.S. Treasury fiscal budget deficit rises from $779 billion to $1.0

+See More

Global stock market investors foresee the harbinger of a major economic downturn.

Monica McNeil

2019-09-17 08:33:00 Tuesday ET

Global stock market investors foresee the harbinger of a major economic downturn.

Global stock market investors foresee the harbinger of a major economic downturn. Many stock market investors become anxious due to negative term spreads an

+See More

Public sentiment turns quite a bit against Facebook in light of the public issues around fake news.

Apple Boston

2017-12-03 08:37:00 Sunday ET

Public sentiment turns quite a bit against Facebook in light of the public issues around fake news.

Sean Parker, Napster founder and a former investor in Facebook, has become a "conscientious objector" on Facebook. Parker says Facebook explo

+See More

Apple becomes the first company to hit $1 trillion stock market valuation.

Becky Berkman

2018-08-01 11:43:00 Wednesday ET

Apple becomes the first company to hit $1 trillion stock market valuation.

Apple becomes the first company to hit $1 trillion stock market valuation. The tech titan sells about the same number of smart phones or 41 million iPhones

+See More

U.S. government shuts down again because House Democrats refuse to spend $5 billion on the border wall.

Amy Hamilton

2019-01-19 12:38:00 Saturday ET

U.S. government shuts down again because House Democrats refuse to spend $5 billion on the border wall.

U.S. government shuts down again because House Democrats refuse to spend $5 billion on the border wall that would give President Trump great victory on his

+See More

Bank leverage and capital bias adjustment through the macroeconomic cycle

Fiona Sydney

2023-12-04 12:30:00 Monday ET

Bank leverage and capital bias adjustment through the macroeconomic cycle

Bank leverage and capital bias adjustment through the macroeconomic cycle   Abstract We assess the quantitative effects of the recent proposal

+See More