Technology monopolies get to set the bar in what they do with our data instead of the individual deciding.
Due to a lack of competition, consumers most often do not have the option to care about where or which of their information goes to these companies.
Have you ever read the privacy policies under the terms and conditions of a website, or do you just click the “I agree” button right away? Do you associate website cookies with anything more than virtual baked goods? I doubt it, and you are not alone. Why This is Probably a Bad ThingĪrguably almost certainly a bad thing, a major issue with technology monopolies is the accumulation of users' data. These are just a few examples of how these companies consolidate power and monopolize the industry. Or Facebook, which has acquired over 94 companies, the most notable being Instagram, Whatsapp Messenger, Oculus Virtual Reality, Giphy, and more. Take Amazon, for instance: their predatory pricing and strong-arm tactics have been able to take down independent sellers, and between 20 the number of small retailers fell by 65,000.
These companies have wiped out any competition in order to maintain their monopolies on power. Raking in billions of consumer dollars each year, these tech giants have dominated the global market. Facebook, Telus, Google, Rogers, Microsoft, Amazon - you have heard their names and you might even use them on a day to day basis.
0 kommentar(er)
