Would It Benefit Consumers to Break Up Amazon, Apple, Facebook and Google?

  • Date: 08-Jan-2021
  • Source: Newsweek
  • Sector:Retail
  • Country:Middle East
  • Who else needs to know?

Would It Benefit Consumers to Break Up Amazon, Apple, Facebook and Google?

Is it possible to live without Amazon, Apple, Facebook and Google?Sure.It's also possible to live without Advil.But who would want to?The tech giants have become such a vital part of everyday life that it's difficult to imagine life without them. But critics question the social and economic cost of reliance on major Internet companies. Some call for antitrust action to break their dominance, while others believe doing so would undercut U.S. economic strength and give China an edge.Amazon has a 360-view of every shopper with no oversight. No one is putting limits on the data the company collects. We can no longer hope for the best and trust in the libertarian utopia tech giants want us to believe in."- Jason Boyce, founder of Avenue7Media, co-author of The Amazon JungleBig Tech presents a problem for critics and a challenge for effervescent optimists."Privacy is a huge concern, Jason Boyce, founder of Avenue7Media, co-author of The Amazon Jungle and a former Marine Corps captain, told Newsweek. "Amazon has a 360-view of every shopper with no oversight. No one is putting limits on the data the company collects. We can no longer hope for the best and trust in the libertarian utopia tech giants