The Blowback Against Facebook, Google and Amazon Is Just Beginning
Big tech companies have so much of the world under their control that it’s becoming scary. Companies like Google and Facebook control most of what we see on a day to day basis. Even worse they control what our children see every day.
Amazon has played a role in crushing mom and pop stores out of existence.
I’m all for a free market, but these companies are getting out of control.
Blow-out earnings from Facebook and Amazon have cheered Wall Street, but institutional owners might want to focus not just on blow-out earnings but rising blowback against the tech superpowers (Facebook, Google and Amazon).
The blowback is social and political: people are starting to question the social and political costs of these tech darlings’ dominance and the billions in profits they reap.
The typical corporation can buy political influence, but Facebook and Google are manipulating the machinery of democracy itself. That’s a much more dangerous type of power than buying political influence or manipulating public opinion by openly publishing biased “news.”
Source: The Blowback Against Facebook, Google and Amazon Is Just Beginning
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What do you guys think? Should someone step in and regulate these monster tech companies?
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