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.
2018-07-17 08:35:00 Tuesday ET
Henry Paulson and Timothy Geithner (former Treasury heads) and Ben Bernanke (former Fed chairman) warn that people seem to have forgotten the lessons of the
2019-03-25 17:30:00 Monday ET
America seeks to advance the global energy dominance agenda by toppling Saudi Arabia as the top oil exporter by 2024. The International Energy Agency (IEA)
2018-06-02 09:35:00 Saturday ET
The finance ministers of Britain, Canada, France, Germany, Italy, and Japan team up against U.S. President Donald Trump and Treasury Secretary Steven Mnuchi
2025-06-13 08:23:00 Friday ET
What are the mainstream legal origins of President Trump’s new tariff policies? We delve into the mainstream legal origins of President Trump&rsquo
2018-07-27 10:35:00 Friday ET
Admitting China to the World Trade Organization (WTO) and other international activities seems ineffective in imparting economic freedom and democracy to th
2020-02-02 11:32:00 Sunday ET
Our fintech finbuzz analytic report shines fresh light on the current global economic outlook. As of Winter-Spring 2020, the analytical report delves into t