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

Fed Chair Jerome Powell hints slower interest rate increases because the current rate is just below the neutral threshold.

Jacob Miramar

2018-12-07 11:35:00 Friday ET

Fed Chair Jerome Powell hints slower interest rate increases because the current rate is just below the neutral threshold.

Fed Chair Jerome Powell hints slower interest rate increases because the current rate is just below the neutral threshold. NYSE and NASDAQ share prices rebo

+See More

Sirius XM pays $3.5 billion shares to acquire the music app company Pandora.

Jonah Whanau

2018-09-25 10:35:00 Tuesday ET

Sirius XM pays $3.5 billion shares to acquire the music app company Pandora.

Sirius XM pays $3.5 billion shares to acquire the music app company Pandora. This acquisition would form the largest audio entertainment company worldwide.

+See More

Janet Yellen worries about U.S. government debt accumulation, expects new interest rate increases, and warns of the next economic recession.

Amy Hamilton

2018-11-05 10:40:00 Monday ET

Janet Yellen worries about U.S. government debt accumulation, expects new interest rate increases, and warns of the next economic recession.

Former Fed Chair Janet Yellen worries about U.S. government debt accumulation, expects new interest rate increases, and warns of the next economic recession

+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

President Donald Trump delivers his first state-of-the-union address.

Daphne Basel

2018-01-29 07:38:00 Monday ET

President Donald Trump delivers his first state-of-the-union address.

President Donald Trump delivers his first state-of-the-union address. Several key highlights touch on economic issues from fiscal stimulus and trade protect

+See More

The Trump team receives a 3.2% first-quarter GDP boost as Federal Reserve halts the next interest rate hike in May 2019.

Olivia London

2019-05-07 09:30:00 Tuesday ET

The Trump team receives a 3.2% first-quarter GDP boost as Federal Reserve halts the next interest rate hike in May 2019.

The Trump team receives a 3.2% first-quarter GDP boost as Fed Chair Jay Powell halts the next interest rate hike in early-May 2019. This smooth upward econo

+See More