Big Tech Has a Trillion-Dollar Problem
4 years, 11 months ago

Big Tech Has a Trillion-Dollar Problem

Wired  

The single change in consonant doesn’t begin to encompass the transformation. Let’s try to figure out what it means when companies change their B’s to T’s, soaring past the GDP of Norway. I’m familiar with the founders of all four of those trillion-dollar companies, as well as the one in waiting, and not one of them in the early days ever dared to think of such a shockingly high corporate worth. But for the trillionaires, creating a product that adds one-thousandth of the firm’s net worth doesn’t even evoke a meh. Even if the investigations don’t break up any companies, the Trillion Club may find it harder to get big acquisitions approved.

Big Trillion Club  worth  problem  im  tech  trilliondollar  company  innovators  companies  money  big  love  trillion  club  doing

History of this topic

US senators call out Big Tech’s new approach to poaching talent, products from smaller AI startups
5 months, 4 weeks ago

US senators call out Big Tech’s new approach to poaching talent, products from smaller AI startups

Associated Press  

In the race to stay ahead in artificial intelligence, the biggest technology companies are swallowing up the talent and products of innovative AI startups without formally acquiring them. But, in plain English, a few companies control a major portion of the market, and just concentrate — rather than on innovation — trying to buy out everybody else’s talent.” So-called “acqui-hires,” …

U.S. FTC meeting will scrutinize Big Tech's small deals
3 years, 4 months ago

U.S. FTC meeting will scrutinize Big Tech's small deals

The Hindu  

The U.S. Federal Trade Commission will hold its next open meeting on Sept. 15 to hear staff findings on deals that Big Tech firms like Facebook and Apple make which are sometimes too small to spark antitrust scrutiny, the agency said on Wednesday. The staff report will include Big Tech acquisitions from 2010 to 2019, some of which were not …

Big Tech rolls on as investors shrug off regulatory pressure
3 years, 4 months ago

Big Tech rolls on as investors shrug off regulatory pressure

The Hindu  

Pressure is rising on Big Tech firms, signalling tougher regulation in Washington and elsewhere that could lead to the breakup of the largest platforms. Fast-moving environment "Breakup is going to be nearly impossible," said analyst Daniel Newman at Futurum Research, citing the need for controversial legislative changes to antitrust laws. "Until investors start to see some consensus on where the …

Congress Unveils Its Plan to Curb Big Tech’s Power
55 years ago

Congress Unveils Its Plan to Curb Big Tech’s Power

Wired  

Anyone who's paid even slight attention to the congressional investigation of the power wielded by tech giants won't be surprised by the report released Tuesday by the subcommittee’s Democrats. The report, which ends a 16-month investigation and includes a trove of internal documents, lays out the most thorough case yet that Big Tech exploits its advantages in unfair ways. As …

DOJ Starts Review Of Whether Major Tech Companies Are Too Powerful
5 years, 5 months ago

DOJ Starts Review Of Whether Major Tech Companies Are Too Powerful

NPR  

DOJ Starts Review Of Whether Major Tech Companies Are Too Powerful Enlarge this image toggle caption Jeff Chiu/AP Jeff Chiu/AP Updated at 6:43 p.m. ET The Justice Department says it's launching a wide-ranging antitrust review of big tech companies. Sponsor Message The Justice Department said its antitrust division will study how major online platforms grew to have their big market …

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