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.
2018-02-03 07:42:00 Saturday ET
Quant Quake 2.0 shakes investor confidence with rampant stock market fears and doubts during the recent Fed Chair transition from Janet Yellen to Jerome Pow
2025-10-12 13:32:00 Sunday ET
Stock Synopsis: With a new Python program, we use, adapt, apply, and leverage each of the mainstream Gemini Gen AI models to conduct this comprehensive fund
2018-02-27 09:35:00 Tuesday ET
Fed's new chairman Jerome Powell testifies before Congress for the first time. He vows to prevent price instability for U.S. consumers, firms, and finan
2019-02-15 11:33:00 Friday ET
President Trump is open to extending the March 2019 deadline for raising tariffs on Chinese imports if both sides are close to mutual agreement. These bilat
2019-03-07 12:39:00 Thursday ET
A physicist derives a mathematical formula that success equates the product of both personal quality and the potential value of a random idea. As a Northeas
2022-09-15 11:38:00 Thursday ET
Capital structure choices for private firms The Kauffman Firm Survey (KFS) database provides comprehensive panel data on 5,000+ American private firms fr