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.
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
2026-01-31 10:31:00 Saturday ET
In recent years, several central banks conduct, assess, and discuss the core lessons, rules, and challenges from their monetary policy framework r
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
2019-08-05 13:30:00 Monday ET
China continues to sell U.S. Treasury bonds amid Sino-U.S. trade truce uncertainty. In mid-2019, China reduces its U.S. Treasury bond positions by $20.5 bil
2018-11-25 12:37:00 Sunday ET
The Chinese administration delivers a written response to U.S. demands for trade reforms. This strategic move helps trigger more formal negotiations between
2017-01-03 03:26:00 Tuesday ET
President-Elect Donald Trump wants Apple and its tech peers to consider better and greater high-tech job creation in America. Apple has asked its primary