The just-decided first phase of the anti-trust legal action against Google is intended to create a more level playing field where Big Tech’s market power is unchecked. It is likely to influence other nations as well as more US actions against Google, Apple, Amazon and Meta, the owner of Facebook, Instagram and WhatsApp
When the hi-tech sector in America sheds tens of thousands of jobs, the tsunami of firings is felt globally, especially in India, because so many Indians work abroad in the technology sector. These companies are not on the brink of financial ruin. Quite the contrary, so why shed people?
Thanks to the pandemic, Big Tech has emerged with huge profits and enormous clout over individuals and governments, including sanctions against the president of the most powerful country in the world. Have the Big Five collectively become the new superpower?