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CAMBRIDGE, Mass. (Venture Syndicate) — Have the tech giants — Amazon AMZN, +zero.eighty two% , Apple AAPL, +1.12% , Fb FB, +1.fifty six% , Google GOOG, +1.06% , and Microsoft MSFT, +1.forty two% — grown too large, wealthy, and powerful for regulators and politicians ever to take them on? The worldwide funding group seems to think so, no less than if sky-excessive tech valuations are any indication. However whereas that could be excellent news for the tech oligarchs, whether or not it’s good for the economic system is way from clear.
The problem for regulators is that standard anti-monopoly frameworks do not apply in a world where the prices to consumers (primarily within the type of knowledge and privacy) are completely non-transparent. But that may be a poor excuse for not challenging comparatively obvious anti-aggressive moves, such as when Fb bought Instagram (with its rapidly growing social network) or when Google purchased its map competitor, Waze.
The questioning from federal investigators facilities on what Facebook knew three years in the past and why the company didn’t reveal it at the time to its customers or investors, in addition to any discrepancies in more recent accounts, among different issues, according to these people. … Read More