The year the world stopped waiting for Big Tech to correct i

The world's largest technology companies face a global assessment in 2020, while the United States, the European Union and even China are taking big steps to stem their dominance. That pressure won't go away in the new year.Dozens of US states and federal governments have sued Facebook (FB) and Google (GOOGL) over claims that companies act against competition that keep them from sticking to the online marketplace. At the same time, Europe recently introduced a law that will allow regulators to sweep away new powers to deal with those American technology companies.Regulatory heat is also spreading to China. Officials last week announced Jack Ma's antitrust investigation into Alibaba (BABA) and made it less than two months after the launch of Ant Group, the firm's financial conglomerate. Blockbuster market at the last minute While many developments have taken place in the last few weeks, the desire to take control of Big Tech is nothing new. Over the years governments have grappled with the massive influence these companies have had on the online economy and the increasingly valuable digital flow of information.

But numerous antitrust fines, tricky data protection laws and unrelenting congressional rulings have failed to bring tech companies into adoption, and politicians are signaling they want to do more to prevent violations in Marketing and an explosion of dangerous online content and misinformation.Dipayan Ghosh, co-director of the Digital Platforms and Democracy Project at Harvard Kennedy School, said advances in computing, storage and digital connectivity around the world have led to larger technology companies now that a number of companies have developed. A sophisticated artificial intelligence system that has given them unprecedented control over advertising content and personal information.It is always inevitable. But when you have a green space open to market innovation, it makes the first move, ”adds Ghosh.“ We'll see some monopoly going on, and that's what happened in the last 10 years.

While this global regulatory crackdown appears to be simultaneously exposed, analysts have noted that each superpower has its own reasons and at times competes to expand governance of the tech industry.The United States and Europe have directed efforts to power down America's most powerful companies. But in China, where Google and Facebook have been barred from entering the market for years, authorities are looking for ways to tighter control over their own technological behavior.There are many lawsuits in the United States.The US government has been moderating Big Tech for a while.A major federal lawsuit filed against Google in October follows a one-year antitrust investigation into the company. And in the months since, the US authorities have opened up more heated issues.Dozens of states have now sued Google over claims that it operated an illegal monopoly in the marketplace for online search and search advertising. Facebook has been treated similarly and now faces a lawsuit against it. The twin monopoly accuses the social media giants of violating their dominance in the digital market.

While the US-led crackdown has been targeting these companies for slotxo antitrust reasons. But the pressure comes amid broader questions about the impact on democracy and the flow of information online. Inaccurate information and allegations of bias were the top priorities in concerns about the recent U.S. election.I think basically what you see is the main question of who is in control of this information and hence access to the constituency," said Michael Witt, INSEAD senior professor of strategy and international business at INSEAD International. say Business school.It's hard to predict how these cases will be resolved. Some of the arguments the US government is trying to make at the moment - including Facebook's purchases of Instagram and Whatsapp - have reduced competition, probably not as these acquisitions were cleared by the authorities years ago.The government now wants to take action by delivering a cold warning to American businesses that no sales are final, "Jennifer Newstead, Facebook's vice president and general counsel, said in a statement earlier this month.And analysts point out that the US may be reluctant to apply other forms of pressure, such as new legislation to the tech industry.America may not want to enforce antitrust rules at the expense of losing information flow in other parts of the world, Witt said, referring to the Silicon Valley tech giant in Europe and elsewhere I think there will be great resistance to any attempt to do anything that can take this advantage to the United States," he added.

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