TechPulse: Blog

bigtech_129228010_400

Is Big Tech Getting Too Big?

Some businesses have caught lightning in a bottle with the advent and overt use of the Internet. These companies now read like a whoโ€™s who of technology: Amazon, Google, Facebook, Apple, Microsoft. These companies are now some of the most lucrative in the world and there has been some very serious questions if theyโ€™re using their positions at the top of tech in unethical ways. Today, weโ€™ll take a look at โ€œBig Techโ€ and debate whether or not something has to be done to break up these companies before they become too powerful to fail.

The Current Situation

The major technology companies hold a lot of influence. What is often referred to as the โ€œBig Fourโ€ (Amazon, Apple, Facebook, and Google)–and sometimes referred to as the โ€œBig Fiveโ€ (adding in Microsoft or Netflix, but somehow never both)–are at the center of multiple controversies due to their use of their record profits to benefit their companies and undermine their competition. As a result there is a call from outside the technology sector to do something about it.

In fact, earlier in 2019, The Federal Trade Commission and the Department of Justice started investigating whether or not these companies were using their power and wealth to kill off and buy up competitors. In July, the U.S. House of Representatives held hearings. This has resulted in many stateโ€™s attorneys general beginning to start their own investigations. In fact, 50 attorneys general (all but California and Alabama) have coordinated to an ongoing investigation of Google for antitrust actions.

Whatโ€™s the Problem?

Do you know how these huge corporations use your data? No. No one really does. With the amount of data these companies collect and are given the rights to, this can become a problem (especially when they donโ€™t properly secure it). These organizations have billions of people who access their service every day. For the millions of people that search Google every hour, the millions on Facebook, the millions watching YouTube, every link you click on, every video you watch, every time you search for a word or phrase, you are providing information about yourself. This information is being used to create money-making situations for these companies. It also is the ground floor of an incredible knowledge base.

Since the European Union enacted their General Data Protection Regulation (GDPR), more and more attention has been focused at individual data privacy. In fact, Google was levied the largest fine by GDPR regulators in its first year, a relatively small $50 million fine. Will this be the time when people start doing something about these growing tech bbehemoths, or do they resign to the immense value they bring them day-in and day-out? How much would you get done without Google Search? Have Facebook and Amazon helped your life? What would you do without your iPhone?

Answer these questions and leave your thoughts in the comments section below. Return to COMPANYNAMEโ€™s blog regularly.

Tyler Miller

Tyler Miller

Having a reliable and passionate partner in the realm of IT services and solutions is essential for ensuring continuous growth through effective technological strategies. Our CEO, Tyler Miller, is wholeheartedly dedicated to assisting clients in optimizing their technology to gain a competitive edge in their industries. At TechPulse, Tyler leads a team of highly dedicated professionals who are fully committed to providing exceptional IT services and solutions. With his extensive expertise and practical experience, Tyler ensures that clients receive unparalleled support and guidance for their IT projects. You can trust TechPulse to enhance your business systems and stay ahead in today's fiercely competitive business environment.