The ONLY answer is antitrust action from every major government.
The trillion dollar companies are so massive that they are impinging upon every category of business that touches them. And they're so massive that their sinnew and tendrils touch everything under the sun.
Mobile computing is de-facto owned by two companies. It's owned, tightly controlled like an authoritarian government, and heavily taxed. Compared with the (formerly?) open web and desktop of the 90's - 10's, we've wound up in a computing universe where we're all serfs.
We're in a stagnant world where platforms don't evolve because that's where the moats lie.
Google, Apple, Amazon, and Meta desperately need to be broken up into multiple subsidiary companies. It'll oxygenate the entire tech sector and unlock pent up, unrealized value for the shareholders of these equities.
The reason we seldom see centicorn startups or blockbuster tech IPOs is because FAANG (or whatever we call it nowadays) has a dragnet where they can snuff out the markets of new upstarts or M&A on the cheap.
It costs nothing for Amazon to become Hollywood, buy James Bond and Lord of the Rings, become a primary care doctor, become a grocery store, and cross-sell all of these highly unrelated products on prime advertising real estate. It's essentially free for them to put ads at the top of the Amazon store and emblazen it on their delivery trucks and boxes. The old media, which were once healthy competitors, have to spend hundreds of millions to reach the same eyeballs.
We've wound up with Standard Oil 2.0 and it's deeply damaging our market. The innovators and innovation capital are no longer being rewarded. The calcified institutions are snuffing out everything that moves in search of remaining growth.
We must break up these companies. That is the only healthy way forward.
The trillion dollar companies are so massive that they are impinging upon every category of business that touches them. And they're so massive that their sinnew and tendrils touch everything under the sun.
Mobile computing is de-facto owned by two companies. It's owned, tightly controlled like an authoritarian government, and heavily taxed. Compared with the (formerly?) open web and desktop of the 90's - 10's, we've wound up in a computing universe where we're all serfs.
We're in a stagnant world where platforms don't evolve because that's where the moats lie.
Google, Apple, Amazon, and Meta desperately need to be broken up into multiple subsidiary companies. It'll oxygenate the entire tech sector and unlock pent up, unrealized value for the shareholders of these equities.
The reason we seldom see centicorn startups or blockbuster tech IPOs is because FAANG (or whatever we call it nowadays) has a dragnet where they can snuff out the markets of new upstarts or M&A on the cheap.
It costs nothing for Amazon to become Hollywood, buy James Bond and Lord of the Rings, become a primary care doctor, become a grocery store, and cross-sell all of these highly unrelated products on prime advertising real estate. It's essentially free for them to put ads at the top of the Amazon store and emblazen it on their delivery trucks and boxes. The old media, which were once healthy competitors, have to spend hundreds of millions to reach the same eyeballs.
We've wound up with Standard Oil 2.0 and it's deeply damaging our market. The innovators and innovation capital are no longer being rewarded. The calcified institutions are snuffing out everything that moves in search of remaining growth.
We must break up these companies. That is the only healthy way forward.