The Economist delves into the modern perils of tech titans such as Apple, Amazon, Facebook, and Google.

Jacob Miramar

2018-01-12 07:37:00 Fri ET

The Economist delves into the modern perils of tech titans such as Apple, Amazon, Facebook, and Google. These key tech titans often receive plaudits for making the world a better place. However, some pundits accuse these giants of being BAADD or big, addictive, anti-competitive, and destructive to democracy. Politicians from European Union and to U.S. Congress grill their CEOs; regulators impose taxes and fines on these tech titans; and one-time backers warn of their power to cause harm.

Techlash complaints, privacy issues, and fake news are rampant these days. Big tech platforms, particularly Amazon, Facebook, and Google, raise grave concerns about fair competition and consumer protection because these tech platforms often benefit from legal exemptions. Unlike publishers and media firms, Facebook and Google rake in hefty ad profits with minimal monitor and responsibility for content curation. For many years, American buyers on Amazon need not pay sales taxes. Also, Apple keep its profits as large offshore cash stockpiles in order to legitimately avoid paying U.S. corporate income taxes.

These platform orchestrators provide digital infrastructure for online ad revenue, consumer data, and service provision. Most of their services appear to be free, but consumers need to pay for these services by giving away their personal data. Their high stock valuation reinforces digital dominance and market concentration.

For instance, Amazon accounts for about half of U.S. online sales while Facebook and Google attract 70% of online advertisements in America. It is highly likely for regulatory agencies to tame these tech titans by probing into privacy invasion and tax avoidance. Either these tech giants break up into smaller entities (as Alphabet now prepares for Google and other subsidiaries), or the tech titans pay in the form of taxes, fines, or compliance costs.

 


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

Warren Buffett places his $58 billion stock bets on Apple, American Express, and Goldman Sachs.

Rose Prince

2019-04-05 08:25:00 Friday ET

Warren Buffett places his $58 billion stock bets on Apple, American Express, and Goldman Sachs.

Warren Buffett places his $58 billion stock bets on Apple, American Express, and Goldman Sachs. Berkshire Hathaway owns $18 billion equity stakes in America

+See More

U.S. automobile and real estate sales decline despite higher consumer confidence and low unemployment as of October 2018.

Fiona Sydney

2018-10-27 09:34:00 Saturday ET

U.S. automobile and real estate sales decline despite higher consumer confidence and low unemployment as of October 2018.

U.S. automobile and real estate sales decline despite higher consumer confidence and low unemployment as of October 2018. This slowdown arises from the curr

+See More

Ray Fair applies his macroeconometric model to study the central features of the U.S. macroeconomy such as price stability and full employment in the dual mandate.

Charlene Vos

2023-07-14 10:32:00 Friday ET

Ray Fair applies his macroeconometric model to study the central features of the U.S. macroeconomy such as price stability and full employment in the dual mandate.

Ray Fair applies his macroeconometric model to study the central features of the U.S. macroeconomy such as price stability and full employment in the dual m

+See More

President Trump threatens to shut down the government if Democrats refuse to help approve $5 billion border wall finance.

Joseph Corr

2018-12-18 10:38:00 Tuesday ET

President Trump threatens to shut down the government if Democrats refuse to help approve $5 billion border wall finance.

President Trump threatens to shut down the U.S. government in 2019 if Democrats refuse to help approve $5 billion public finance for the southern border wal

+See More

Smart firms and customers connect the continuous flow of lean production to the lean consumption of cost-effective minimum viable products.

Olivia London

2020-07-26 15:29:00 Sunday ET

Smart firms and customers connect the continuous flow of lean production to the lean consumption of cost-effective minimum viable products.

Firms and customers create value and wealth together by joining the continual flow of small batches of lean production to the lean consumption of cost-effec

+See More

President Trump targets Amazon in his call for U.S. Postal Service to charge higher delivery prices on the ecommerce giant.

Laura Hermes

2018-01-03 08:38:00 Wednesday ET

President Trump targets Amazon in his call for U.S. Postal Service to charge higher delivery prices on the ecommerce giant.

President Trump targets Amazon in his call for U.S. Postal Service to charge high delivery prices on the ecommerce giant. Trump picks another fight with an

+See More