Understanding the power of tech companies
Virtually every aspect of our lives exists online, in the hands of a few huge tech companies – Amazon, Apple, Facebook, Google Microsoft. Is their influence too great – and should they be controlled more? David Adams looks at the arguments
Is there any meaningful historical comparison for the power and influence that the four ‘big tech’ companies – Amazon, Apple, Facebook and Google (or its parent company Alphabet) – have over our lives today? Between them, these companies deliver a huge array of products and services, including search, communications, retail, television, mobile technologies, cloud computing and other IT products and services, and even financial services – Apple Pay has 507 million users and peer-to-peer payments can be made via social media.