4. Have the tech giants abused their power?
As the middlemen for today’s essential products and services, tech platforms have leverage over both producers and consumers. They also compete with many of those that depend on their platforms That potential conflict led Senator Elizabeth Warren to call for the breakup of tech companies when she was running for president. The tech giants are also growing by snapping up potential rivals that might threaten market share. Data compiled by Bloomberg show the big five -- Alphabet, Amazon, Apple, Facebook and Microsoft -- made more than 600 acquisitions in the last decade worth more than $200 billion. None may be more controversial than Facebook’s acquisition of Instagram in 2012, a takeover critics say eliminated an emerging competitor that on its own would have come to rival Facebook in social media. (In defense of the deal, Facebook Chief Executive Officer Mark Zuckerberg says Instagram in 2012 wasn’t large enough to be a real competitor.) The companies also have control over vast amounts of data about their customers, raising concerns about threats to privacy.
5. How often does the U.S. go after monopolies?
The Microsoft lawsuit was the last major monopolization case brought by the U.S. The ensuing 20-year dry spell is often cited by those who argue enforcement has been too timid. President Barack Obama’s administration vowed (bullshitters love to vow don't they lolol) to get tough on dominant companies in 2009 but didn’t follow through. The number of monopoly cases brought by the U.S. dropped sharply from an average of 15.7 cases per year from 1970 to 1999 to less than three between 2000 and 2014.
6. Is antitrust thinking outdated?
Some lawyers and economists think it’s time to move past conventional antitrust enforcement to take into account the effects of concentration on innovation, employment and consumer privacy. A fresh line of thinking labeled the New Brandeis School (derided as “hipster antitrust” by critics) would rewrite the playbook entirely and prevent, for example, tech platforms from vertically integrating into other lines of business. Cicilline has noted that key antitrust laws were “written more than 100 years ago” -- the Sherman Act of 1890 and the Clayton Act of 1914. The House antitrust report that Cicilline oversaw calls for curbs on further mergers, a rethinking of antitrust beyond consumer welfare and, potentially, the forced breakup of tech companies.
7. What do the companies say?
The tech giants say they face competition across their businesses, both from established tech companies and new startups. Google might be the world’s dominant search engine, but nearly half (allegedly because those Amazon numbers seem suss tooo) of all Americans start their product searches on Amazon, according to one survey (side eye to one survey but who's counting 😉). Facebook says countless services like TikTok, Snapchat and Twitter are competing for users’ attention. Amazon says its own line of products that compete with third-party sellers means more choice for consumers and is no different than brick-and-mortar retailers that sell their own branded products next to name-brands on their shelves.
What chall think TAYsearcherssss?
Honestly, I don't really care etha way. TAYsearch has its own unique purpose and little space to grow n maintain. We eat rawwwwther nicely off all these tech cap kings mentioned above, soooo who am I to judge. We don't compete we complement. It's all about the win win win with us. Now, should the superstar players in tech be a lil more diverse in terms of style and vibessss? Yes. And that's all Im gonna say about that. Only time will tell how this will all play out. I wish those kings the best 😇