2 items from 2017
Author and academic Jonathan Taplin has issued a warning over the dangers tech giants Google, Facebook and the like pose to U.S. democracy in an op-ed in The New York Times. In it he argues that it’s high time to break up such tech “monoliths” because — among other things — their successes have “stymied innovation on a broad scale.” Taplin argues that the world’s five largest companies by market capitalization have all changed over the last decade except for Microsoft. “Exxon Mobil, General Electric, Citigroup and Shell Oil are out and Apple, Alphabet (the parent company of Google), Amazon. »
- Brian Flood
It’s been a rough patch for the big tech companies that built their near-boundless riches on the content and conversations of billions of users. Now critics say they’ve accreted too much power at the expense of people, copyright, even democracy, and should be curbed, fined, even broken up. Those critics may be right.
Just since the election, we’ve had swirling controversies over the impact of fake news – fueled by Facebook and Google’s blackbox algorithms and ad revenues – that may have shifted the election results a few crucial points. The Trump Administration’s demonstrated tenuous relationship to actual facts since then has only intensified concerns.
Separate from all that, advertisers have been boycotting Google, and to a lesser extent Facebook. They’re unhappy that their brands keep ending up next to (and even paying for) extremists’ videos, posts and other objectionable material.
The European Union is reviewing »
- David Bloom
2 items from 2017
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