Should America’s Tech Giants Be Broken Up?, Bloomberg asks. Apple, Amazon, Google, and Facebook may be contributing to the U.S. economy’s most persistent ailments.
The word ‘anti-trust’ has been brought up frequently as of late, and in the age of online, it’s not simply about the detriment to consumers. In this age of globalization – and the tech behemoths, including Amazon, Google and Facebook, do have an undeniable global reach – it’s also about destabilizing the world economy. After just two decades, Jeff Bezos is on the brink of displacing Bill Gates as the world’s wealthiest person.
While we’re well aware of the fact that things tend to happen more quickly in internet time, at this juncture in our history, it’s not about the time, it’s about the repercussions.