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.
2017-02-13 09:35:00 Monday ET

JPMorgan Chase CEO Jamie Dimon says President Trump has now awaken the *animal spirits* in the U.S. stock market. The key phrase, animal spirits, is the
2017-05-31 06:36:00 Wednesday ET

The Federal Reserve rubber-stamps the positive conclusion that all of the 34 major banks pass their annual CCAR macro stress tests for the first time since
2018-03-02 12:34:00 Friday ET

White House top economic advisor Gary Cohn resigns due to his opposition to President Trump's recent protectionist decision on steel and aluminum tariff
2019-08-10 21:44:00 Saturday ET

McKinsey Global Institute analyzes 315 U.S. cities and 3,000 counties in terms of how tech automation affects their workers in the next 5 to 10 years. This
2019-08-01 11:33:00 Thursday ET

Many young and mid-career Americans fall into the financial distress trap in rural communities. A recent analysis of 25,800 zip codes for 99% of the U.S. po
2019-10-29 13:36:00 Tuesday ET

The OECD projects global growth to decline from 3.2% to 2.9% in the current fiscal year 2019-2020. This global economic growth projection represents the slo