President Trump warns Google, Facebook, and Twitter that these tech titans now tread on troublesome territory.

Daphne Basel

2018-08-25 12:33:00 Sat ET

President Trump warns Google, Facebook, and Twitter that these tech titans now tread on troublesome territory. Specifically, Trump accuses Google of rigging web search results for Trump news stories in the form of partisan biases against him. Anecdotal evidence suggests that Google tends to present more aggressive left-wing news stories from CNN, CNBC, Bloomberg, TIME, Reuters, Washington Post, New York Times, and so forth (but not from right-wing outlets such as Fox, Forbes, Wall Street Journal, and National Review). As Google now controls about 90% of U.S. Internet search traffic, this search engine has become substantially close to a tech monopoly. Google's current online search market dominance may cause anti-competitive ripple effects on several other search engines such as Bing, Baidu, and Yahoo. In recent times, several tech observers and commentators predict that Google may become the next Microsoft in antitrust lawsuits.

Facebook CEO Zuckerberg testifies and survives the key U.S. congressional Q&A ordeal in April 2018, but now the social media platform experiences sharp share price and profit declines in August 2018.

These platform orchestrators have become so powerful and influential nowadays that the Trump administration either has to break up these tech titans or needs to heavily regulate them.

In the former case, the parent company Alphabet may spin off its most profitable subsidiary Google to deflect draconian regulatory fines and penalties. In fact, the European Union imposes a punitive fine on Google's tax avoidance, but this fine amounts to about its one-off one-month average net profit in Europe.

In the latter case, the Trump administration may regulate Google, Facebook, and Twitter as social media firms or Internet publishers that specialize in online content curation. The heavy hand can come in the form of new regulatory standards for attempting to deter fake news, partisan biases, and even key risks of exposure to foreign interference.

However, raising the bar inadvertently erects barriers to entry and then further reinforces their technological dominance. The law of inadvertent consequences counsels caution in the midst of substantial economic policy uncertainty under the Trump administration.

 


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

Geopolitical alignment often reshapes and reinforces asset market fragmentation in the broader context of financial deglobalization.

Olivia London

2025-07-01 13:35:00 Tuesday ET

Geopolitical alignment often reshapes and reinforces asset market fragmentation in the broader context of financial deglobalization.

In recent times, financial deglobalization and asset market fragmentation can cause profound public policy implications for trade, finance, and technology w

+See More

The Trump administration teams up with western allies to bar HuaWei and other Chinese tech firms.

Daisy Harvey

2019-02-02 11:36:00 Saturday ET

The Trump administration teams up with western allies to bar HuaWei and other Chinese tech firms.

The Trump administration teams up with western allies to bar HuaWei and other Chinese tech firms from building the 5G high-speed infrastructure due to natio

+See More

Netflix suffers its first major loss of U.S. subscribers due to the recent price hikes.

Rose Prince

2019-08-14 10:31:00 Wednesday ET

Netflix suffers its first major loss of U.S. subscribers due to the recent price hikes.

Netflix suffers its first major loss of U.S. subscribers due to the recent price hikes. The company adds only 2.7 million new subscribers in 2019Q2 in stark

+See More

The lean CEO encourages iterative continuous improvements and collaborative teams to innovate around core value streams.

Monica McNeil

2020-07-12 08:30:00 Sunday ET

The lean CEO encourages iterative continuous improvements and collaborative teams to innovate around core value streams.

The lean CEO encourages iterative continuous improvements and collaborative teams to innovate around core value streams. Jacob Stoller (2015)  

+See More

Precautionary-motive and agency reasons for corporate cash management

Monica McNeil

2022-10-05 08:24:00 Wednesday ET

Precautionary-motive and agency reasons for corporate cash management

Precautionary-motive and agency reasons for corporate cash management Bates, Kahle, and Stulz (JF 2009) empirically find that public firms have doubled t

+See More

Corporate payout management

Fiona Sydney

2022-05-05 09:34:00 Thursday ET

Corporate payout management

Corporate payout management This corporate payout literature review rests on the recent survey article by Farre-Mensa, Michaely, and Schmalz (2014). Out

+See More