January 29, 2022

Beyond Going Long

Complete UK News World

To regulate or not to regulate tech giants?

To regulate or not to regulate tech giants?

The largest US technology companies (Amazon, Apple, Facebook, Google and Microsoft), also called the Big Five or B5, have seen a massive increase in sales and profits during the pandemic crisis and post-pandemic recovery.

This is mainly due to the unprecedented rapid growth in the transfer of work, leisure or other social activities and communications from the real space to the online space.

Home office, virtual conferences and conferences, e-commerce, e-health, e-entertainment, videos, movies and games, along with the volume of data being transmitted and stored, have grown and are growing at an unprecedented rate.

The Big Five posted record sales and profit growth in the 2020 pandemic crisis, and this year is likely to be even better. In the first quarter of 2021, they more than doubled their year-over-year earnings growth (105% growth), which after taxes came to 75 billion. dollar.

The second quarter was better. At the end of July, Apple, Google and Microsoft announced quarterly results, and their combined after-tax profit continued to double year on year, reaching 56.8 billion. dollars, which was 30% more than Wall Street analysts had expected.

This success logically raises the question of the extent to which the ability of these companies to take advantage of new conditions and opportunities gives him the extent of their monopoly in the market.

  • With interest, the interest and will of politicians and regulators to constrain and regulate this logically dominant position is logically increasing. So it makes sense that there will also be a growing demand for more fundamental solutions, not only within the European Union but also within the United States itself.
See also  Viral video sparks outrage: Young men jump from a boat on a huge shark

The Amazon Antitrust Paradox

The clear sign of the beginning of a new era of more active antitrust policy is the appointment of a young 32-year-old Lenny Khan To the position of Chairman of the US Federal Trade Commission, the main antitrust regulator in the United States.

Born in London to Pakistani parents, the young lawyer moved to the United States at the age of 12, and became famous in 2017 when she was published in the prestigious Yale Law Journal.

You need at least a standard subscription to read.