2018-11-09 11:35:00 Fri 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 Internet inventor Tim Berners-Lee suggests that several tech titans might need to be split up in response to some recent data breach and privacy concerns. Tech titans from Facebook to Google have become so dominant that they may need to be broken up unless user taste changes and legal challenges reduce their clout.
Berners-Lee, the British computer scientist who invented the world wide web with no patent protection back in 1989, expresses disappointment with the current state of the Internet in response to the Cambridge Analytica scandals over personal data abuse and breach and political hatred propagation on social media platforms such as Facebook and Google. Berners-Lee suggests that there is an apparent danger of both market dominance and cultural power concentration in a small number of tech giants. Few alternative rivals balance this oligopolistic competition for better user privacy and consumer protection.
As of December 2017, Facebook, Apple, Microsoft, Google, and Amazon (FAMGA) maintain astronomical stock market capitalization of $3.7 trillion, which is equal to the total GDP of Germany in the same fiscal year. Berners-Lee points out that it is important for these tech titans to break up by shifting exorbitant market power from the current oligopoly to some other medium enterprises.
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.
2020-11-03 08:30:00 Tuesday ET

Agile lean enterprises break down organizational silos to promote smart collaboration for better profitability and customer loyalty. Heidi Gardner (2017
2018-05-08 13:39:00 Tuesday ET

The Trump administration weighs the pros and cons of a potential mega merger between AT&T and Time Warner. Recent stock prices show favorable trends for
2018-03-03 11:37:00 Saturday ET

President Xi seeks Chinese congressional approval and constitutional amendment for abolishing his term limits of strongman rule with more favorable trade de
2018-05-01 11:38:00 Tuesday ET

America and China play the game of chicken over trade and technology, whereas, most market observers and economic media commentators hope the Trump team to
2019-03-19 12:35:00 Tuesday ET

U.S. tech titans increasingly hire PhD economists to help solve business problems. These key tech titans include Facebook, Amazon, Microsoft, Google, Apple,
2018-04-07 09:36:00 Saturday ET

Facebook CEO Mark Zuckerberg testifies in Congress to rise up to the challenge of public outrage in response to the Cambridge Analytica data debacle and use