Big tech giants Amazon, Apple, Facebook, and Google control most of the modern digital world. But, as antitrust, privacy, and ethical controversies surface, their Judgment Day may be dawning.
with the Federal Trade Commission. There may be a huge multi-billion-dollar settlement in the future but according to recent news reports, some FTC officials are contemplating naming founder and CEO Mark Zuckerberg as a respondent in any litigation. The problem is so big, so complex, and so impossible to put back in the box that it’s hard to see how the company can weather the current storm without some sort of fundamental reorganization or breakup.
Finally there is Amazon , a company most of us use as the first source for online shopping and which has been cited for anti-competitive and monopolistic behavior. The company has been in an on-again, off-again scrap with Google over its competitive products .
Amazon’s business continues to thrive, but that’s because its Amazon Web Services subsidiary is hugely profitable. Last yearon about one-fifth the revenue taken in by the company’s e-commerce unit. Further, Amazon may look like an e-tailer, but it’s really a logistics and delivery service. The controversies surrounding all four companies will soon enough demand resolution, and if any of them act as the public companies they are , the right thing to do for shareholders—and ultimately customers as well—will be to spin off the cloud services, the Instagrams, the YouTubes, and maybe even the iPhone into new companies that are focused and energized for innovation instead of domination.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon Prime Day 2019: What You Need to KnowAccording to Amazon, there will be more than one million deals launched online this year.
Read more »
21 Must-Have Items We’re Shopping from Fourth of July SalesBecause Independence Day sales | Independence Day fireworks traffic.
Read more »
Amazon is ensuring everybody can cash in on this year's Prime Day deals, and it's a sneaky strategy to boost its most important assetAmazon is offering 30-day free trials and $1.99 one-week memberships so shoppers who want to can experience Prime Day. It makes sense.
Read more »
On Venezuelan independence day, Maduro calls for dialogue as Guaido slams 'dictatorship'Venezuela's bitterly divided political factions held competing commemoratio...
Read more »
Moms' Swimsuit Design For Girls Is A Beach Day Game ChangerMoms' swimsuit design for girls is a beach day game changer
Read more »
Amazon is 25 years old today, here's how much has changed for Jeff BezosAmazon turns 25 today. Since then, CEO Jeff Bezos has made an average of $6.36 billion per year — that's $17.4 million per day.
Read more »