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

Incoming New York Fed President John Williams suggests that it is about time to end forward guidance.

Becky Berkman

2018-05-13 08:33:00 Sunday ET

Incoming New York Fed President John Williams suggests that it is about time to end forward guidance.

Incoming New York Fed President John Williams suggests that it is about time to end forward guidance in order to stop holding the financial market's han

+See More

Apple upstream semiconductor chipmaker TSMC boosts capital expenditures to $15 billion with almost 10% revenue growth by December 2019.

John Fourier

2019-11-11 09:36:00 Monday ET

Apple upstream semiconductor chipmaker TSMC boosts capital expenditures to $15 billion with almost 10% revenue growth by December 2019.

Apple upstream semiconductor chipmaker TSMC boosts capital expenditures to $15 billion with almost 10% revenue growth by December 2019. Due to high global d

+See More

Carl Icahn mulls over steps to shake up the board of SandRidge Energy after it adopts a counter poison pill.

Jacob Miramar

2017-11-29 07:42:00 Wednesday ET

Carl Icahn mulls over steps to shake up the board of SandRidge Energy after it adopts a counter poison pill.

The octogenarian billionaire and activist investor Carl Icahn mulls over steps to shake up the board of SandRidge Energy after the oil-and-gas company adopt

+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

Several recent events explain why Trump may undermine multilateral world order.

Joseph Corr

2018-06-03 07:35:00 Sunday ET

Several recent events explain why Trump may undermine multilateral world order.

Several recent events explain why Trump may undermine multilateral world order. First, Trump withdraws the U.S. from the 12-nation Trans-Pacific Partnership

+See More

Apple shakes up senior leadership to initiate a new transition from iPhone revenue reliance to media and software services.

John Fourier

2019-02-21 12:37:00 Thursday ET

Apple shakes up senior leadership to initiate a new transition from iPhone revenue reliance to media and software services.

Apple shakes up senior leadership to initiate a new transition from iPhone revenue reliance to media and software services. These changes include the key pr

+See More