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Old 11.01.2021, 09:51
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Re: Have the Big Tech Giants got too much power ?

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Nothing lasts forever, just look at Nokia, RIM (Blackberry), Yahoo, MySpace once considered the biggest and most influential. At some point new companies will rise and take over - so the question is more does this process need help from governments - that depends on your views (and votes).
Don't be so sure this time. The reason why it's different this time around is that it's absolutely not about product features as such, but because there are huge barriers to entry in these industries. For example, to rival Google, one needs to match their throve of data meticulously collected over many years and used in ways to provide value to you as a user that nobody else can without such data. It's similar with facebook, amazon, microsoft, etc. So it has to be normalized not by hoping that a competitor will emerge, but by government intervention and breaking them down. As an example, the US has done this in the past with the breakup of the famous Bell System
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