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Thread: Why is the government going after Big Tech???

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    Why is the government going after Big Tech???

    So the DOJ is preparing to go after Facebook, Google, Apple, and Amazon for antitrust, and the government wants to "break up" big tech.

    I want to ask, what does this exactly accomplish? So Amazon needs to be punished and broken up for providing fast shipping to its customers and lower costs?

    Imagine if the government ran an Amazon store! You would be lucky to receive your package in a month! Facebook ads are one of the greatest advertising tools for small and mid-size businesses. What does the government provide on a similar scale besides loans?

    And what exactly is the point of a breakup? What would prevent Amazon AWS from becoming a monopoly or Instagram, Apple Store?

    Lastly, we are in a tech war with China. China actually wants companies like their Alibaba, Baidu, and Tencent to get more powerful. They actually like monopolies. So why on earth are we trying to handicap our best players when the Chinese government is doing the complete opposite?

    Breaking up of big tech seems misguided and light on details.
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    Re: Why is the government going after Big Tech???

    Apple won't qualify, there is plenty of competition for their products.

    Facebook, if they made themselves less useful to foreign governments for sinking campaign dollars, wouldn't be on this list either.

    Google and Amazon, however, are good candidates for anti trust, unfortunately. Google wields more power over public perception and opinion than any other multiple sources combined, and they sell that power to the highest bidder. Amazon is using a reinvesting strategy to pay zero taxes, while under cutting prices and driving down labor costs using...unethical hiring and employment practices...to drive any and all competition out of business.
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    Re: Why is the government going after Big Tech???

    I’d say apple wouldnt apply but i still dont like them for jacking up the price and acting like all their products are precious diamonds.
    Disney for example...... yes slap disney silly with antitrust.

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    Re: Why is the government going after Big Tech???

    Quote Originally Posted by bomberfox View Post
    I’d say apple wouldnt apply but i still dont like them for jacking up the price and acting like all their products are precious diamonds.
    Disney for example...... yes slap disney silly with antitrust.
    Disney? Seriously?
    Reality is merely an illusion, albeit a very persistent one. Albert Einstein

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    Re: Why is the government going after Big Tech???

    Facebook and Google deserve a good slapdown. They are negligent with privacy data and they have issues with political bias...issues that need to be seriously addressed if they are to continue to be taken seriously as Big Tech titans.

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    Re: Why is the government going after Big Tech???

    First of all, it is not "big tech". Tech giants want you to think it's "tech".

    It's "Big Advertising", powered by farming and selling your data at no cost to them, yet yielding them great profits.
    They are "Big Algorithm" when you want to buy screened targets of possible voters for targeted advertising, one slant for group A, another angle for group B, and a more holistic approach for group C, all for the same candidate since the algorithm helps decided what person is most likely to be most positively affected by what pitch.
    It is "Big Merchandising", where third party sellers agree to not sell their wares anywhere else at a lower price, denying the customer a competitive alternative.
    It's "Big Tax Management", where you funnel all of your enormous profits back into acquisitions and expansion in such a way that you earn billions and pay a pittance in taxes, yet are creating social costs borne by the taxpayer.
    It's "Big Acquisition" where the best hope an up and coming competitor has is to be bought rather than be tested in the market place.
    It's "Big brother" by creating algorithms that decided the parameters of free speech, and since they own or control the relevant speech channels they become the deciders of who's voice is heard, and who's isn't.

    This data is will find it's way into decisions made by others about you life. You are not a citizen, not a human. You are a data point that is for sale and you have no say in the matter.

    This is not what freedom is about.
    Last edited by chuckiechan; 06-09-19 at 08:33 PM.
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    Re: Why is the government going after Big Tech???

    Allow me to add Amazon to the group that needs slapping. Their "listening" Alexa issue needs to be seriously addressed.

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    Re: Why is the government going after Big Tech???

    Quote Originally Posted by Bucky View Post
    So the DOJ is preparing to go after Facebook, Google, Apple, and Amazon for antitrust, and the government wants to "break up" big tech.

    I want to ask, what does this exactly accomplish? So Amazon needs to be punished and broken up for providing fast shipping to its customers and lower costs?

    Imagine if the government ran an Amazon store! You would be lucky to receive your package in a month! Facebook ads are one of the greatest advertising tools for small and mid-size businesses. What does the government provide on a similar scale besides loans?

    And what exactly is the point of a breakup? What would prevent Amazon AWS from becoming a monopoly or Instagram, Apple Store?

    Lastly, we are in a tech war with China. China actually wants companies like their Alibaba, Baidu, and Tencent to get more powerful. They actually like monopolies. So why on earth are we trying to handicap our best players when the Chinese government is doing the complete opposite?

    Breaking up of big tech seems misguided and light on details.
    Amazon is an absurdly massive monopoly for which one of their major sources of wealth is the federal government subsidizing every Amazon package by $1.43 each. Multiply that by billions. NO other company or business has the 1 and 2 day shipping rate Amazon does - having to pay 250% to 400% more.

    Because of the marriage between Amazon and Google (80+% percent of internet traffic), no company can compete with advertising either. Google also is heavily subsidized by the government - and neither pay any taxes. Small businesses do.

    Why do you think Amazon and Google are American companies? They are International companies.

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    Re: Why is the government going after Big Tech???

    Quote Originally Posted by joko104 View Post
    Amazon is an absurdly massive monopoly for which one of their major sources of wealth is the federal government subsidizing every Amazon package by $1.43 each. Multiply that by billions. NO other company or business has the 1 and 2 day shipping rate Amazon does - having to pay 250% to 400% more.

    Because of the marriage between Amazon and Google (80+% percent of internet traffic), no company can compete with advertising either. Google also is heavily subsidized by the government - and neither pay any taxes. Small businesses do.

    Why do you think Amazon and Google are American companies? They are International companies.
    As an investor who actually reads the details of shareholder statements, Amazon's major source of income is sale of cloud services and associated software. It's retail business bare breaks even. And its own retailing losses are covered by profits earned from carrying other smaller marketing companies. Reinvesting profits in the company for future growth and remuneration avoids taxation, but eventually the bill will become due. The US Postal Service is not underwritten by the US Government. No tax dollars go towards its operation. It is a self supporting quasi public service corporation forbidden by law from profits.

    Considering that porn still accounts for at least 45% of internet traffic, unless new math has created a miracle, you've misinterpreted internet traffic for advertising. Amazon and Google account for 80% of internet advertising through their cloud services, not internet traffic. This still does not make them responsible for 80% of internet advertising, merely the transmission of internet advertising.

    Monopolies are not unlawful in the US, nor anywhere else on this planet. However, use of monopolistic powers to thwart competition is a violation of anti trust laws.

    Now, when examining the governmental reactions toward big tech, and I hate using this language, it is not an issue of monopolies that government fears, but a loss of controlling powers to forces of the marketplace government does not control. The FCC lobbying for the end of internet neutrality was the first salvo to bring technological freedoms under government controls. I am far more concerned with governmental intrusion into technological achievement and growth by a government mired in partisan back stabbing and quibbling than actual governance, especially by politicians who still can't program a VCR or use more than 5% of the software built into their cell phones. No one can govern when they don't understand what they intend to govern. How many members of the FCC can code? Here's the answer, none. How many congressional members can code? Here's the answer, 7. That's from their own surveys of congressional members, and only one senator had coding experience. Basic One in college 20 some odd years ago.

    The chief antitrust prosecutor freely admitted this week he does not concern himself with monopolistic processes as a concern for protecting consumers from big tech pricing. His concerns are "misuse of power." Meaning, "who holds the reins." Do you really believe big tech is best governed by our government? Give that some thought before responding. If it ain't broke, don't fix it.

    Apple's CEO, Tim Cook, didn't object to industry oversight, and neither do I, but I certainly don't trust government intrusion from people like Elizabeth Warren seeking hot button key words for votes. "Don't screw this up, girl."
    What kind of a man is a man who has not left this world a better place?

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    Re: Why is the government going after Big Tech???

    Quote Originally Posted by OldFatGuy View Post
    As an investor who actually reads the details of shareholder statements, Amazon's major source of income is sale of cloud services and associated software. It's retail business bare breaks even. And its own retailing losses are covered by profits earned from carrying other smaller marketing companies. Reinvesting profits in the company for future growth and remuneration avoids taxation, but eventually the bill will become due. The US Postal Service is not underwritten by the US Government. No tax dollars go towards its operation. It is a self supporting quasi public service corporation forbidden by law from profits.

    Considering that porn still accounts for at least 45% of internet traffic, unless new math has created a miracle, you've misinterpreted internet traffic for advertising. Amazon and Google account for 80% of internet advertising through their cloud services, not internet traffic. This still does not make them responsible for 80% of internet advertising, merely the transmission of internet advertising.

    Monopolies are not unlawful in the US, nor anywhere else on this planet. However, use of monopolistic powers to thwart competition is a violation of anti trust laws.

    Now, when examining the governmental reactions toward big tech, and I hate using this language, it is not an issue of monopolies that government fears, but a loss of controlling powers to forces of the marketplace government does not control. The FCC lobbying for the end of internet neutrality was the first salvo to bring technological freedoms under government controls. I am far more concerned with governmental intrusion into technological achievement and growth by a government mired in partisan back stabbing and quibbling than actual governance, especially by politicians who still can't program a VCR or use more than 5% of the software built into their cell phones. No one can govern when they don't understand what they intend to govern. How many members of the FCC can code? Here's the answer, none. How many congressional members can code? Here's the answer, 7. That's from their own surveys of congressional members, and only one senator had coding experience. Basic One in college 20 some odd years ago.

    The chief antitrust prosecutor freely admitted this week he does not concern himself with monopolistic processes as a concern for protecting consumers from big tech pricing. His concerns are "misuse of power." Meaning, "who holds the reins." Do you really believe big tech is best governed by our government? Give that some thought before responding. If it ain't broke, don't fix it.

    Apple's CEO, Tim Cook, didn't object to industry oversight, and neither do I, but I certainly don't trust government intrusion from people like Elizabeth Warren seeking hot button key words for votes. "Don't screw this up, girl."
    Why do some people think that lying is persuasive? There is no reason to go thru your message point by point since truth clearly is absolutely irrelevant in it with your post office comment, rather just tell what ever lies make the claim you want in your message:

    American taxpayers give an $18 billion gift to the post office every year
    U.S. Post Office gets an $18 billion gift from taxpayers every year | Fortune

    You statement that Amazon makes no money off of sales of it's products and that neither Amazon or Google make any money off internet advertising in your message is so radically - absurdly - false there is no rational discussion possible.
    Last edited by joko104; 06-13-19 at 10:39 PM.

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