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Big Tech monopolies are under threat
Tuesday's rulings against Google and Apple are the latest in a series of actions targeting Big Tech monopolies. Over the years, Big Tech companies have carved out increasingly large portions of the internet, the world, and their users' attention to establish a choke-hold on their respective domains — social media (Meta), digital advertising and search (Google), applications (Microsoft), and hardware (NVIDIA, Apple, etc). The last couple of years have seen concerted efforts to, if not break up Big Tech, at least ensure they play in a level field. How do Big Tech monopolies affect you? Read on to find out.
Wealth Accumulation by Tech Billionaires: Nearly half of the world's richest individuals, all men, made their fortunes through technology companies. Notable figures include Jeff Bezos, Mark Zuckerberg, Bill Gates, Sergei Brin, Steve Ballmer, and Larry Page. Impact on Society: Big Tech monopolies have harmed smaller businesses, curbed fundamental rights, damaged the digital public sphere and, in some extreme cases, derailed a country’s democratic practices.
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