Dear MEL
Topic Readers,
Are Google,
Amazon and others getting too big?
Apple,
Alphabet, Microsoft and Amazon are the four largest US companies in terms of
market capitalization as of April this year, followed by Facebook in the 8th
place. All these tech giants dominate their respective businesses, such as tech
gadgets, search engine, apps, online retailing or social networking, and increasing
their market share further and extending their arms to other markets. Also, as Information
Technologies (IT), such as the Internet of Things, data mining and deep
learning, become more essential and influential for both online and offline
businesses, the value of the data and information those tech giants are
collecting from their customers and users is becoming more critical to be
competitive. Therefore, while the use of such data offers convenience and benefits
to users, there are growing concerns about their data gathering and handling
practices.
Should they
be more regulated to avoid monopoly or oligopoly in their businesses?
Enjoy reading
and thinking if you want your behavioral data is gathered, exchanged and used
by someone else.
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