2018-11-19 09:38:00 Mon ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
The Trump administration mulls over antitrust actions against Amazon, Facebook, and Google. President Trump indicates that the $5 billion fine against Google from the European Union makes him consider pursuing fresh rules and regulations on Amazon, Facebook, and Google.
There is a pervasive concern that these tech titans monopolize specific niches with both exorbitant market power and dominance. Amazon dominates in e-commerce and cloud service with substantial clout; Facebook specializes in social media with more than 2 billion active users; and Google monopolizes online search with 90%+ U.S. Internet search traffic. The tech titans seek to make productive use of artificial intelligence to expand into the adjacent markets for autonomous vehicles, smart home appliances, and many other mobile devices. For these relevant reasons, the Trump administration considers antitrust actions against these tech giants.
The Trump administration may impose one-off penalties on Amazon, Facebook, and Google etc for specific antitrust situations. However, President Trump has no comment on breaking up the tech titans. The prior Microsoft case can offer insights into this similar antitrust dilemma, and the Trump administration may further draw lessons from the rules and regulations on banks and pharmaceutical firms.
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.
2019-08-31 14:39:00 Saturday ET
AYA Analytica finbuzz podcast channel on YouTube August 2019 In this podcast, we discuss several topical issues as of August 2019: (1) Warren B
2023-09-28 08:26:00 Thursday ET
Daron Acemoglu and James Robinson show a constant economic tussle between society and the state in the hot pursuit of liberty. Daron Acemoglu and James R
2017-12-13 06:39:00 Wednesday ET
The Federal Communications Commission (FCC) has decided its majority vote to dismantle rules and regulations of most Internet service providers (ISPs) that
2018-01-05 07:37:00 Friday ET
Warren Buffett cleverly points out that American children will not only be better off than their parents, but the former will also enjoy higher living stand
2019-07-15 16:37:00 Monday ET
President of US-China Business Council Craig Allen states that a trade deal should be within reach if Trump and Xi show courage at G20. A landmark trade agr
2017-10-09 09:34:00 Monday ET
The current Trump stock market rally has been impressive from November 2016 to October 2017. S&P 500 has risen by 21.1% since the 2016 presidential elec