Thought-provoking concluding section in Hindu article on Sundar Pichai's hearing in USA Congress, about govts across the world being unnerved by power of tech giant companies
A small extract from the article, Google grilled in Congress, https://www.thehindu.com/business/Industry/google-grilled-in-congress/article25726227.ece, 12th Dec. 2018, is given below:
"Governments around the world are becoming increasingly unnerved by the power being amassed by major technology companies with the dominance of Facebook in social networking, Google in search and Amazon in e-commerce raising the most concerns."
Then the article talks about the specter of President Trump and Congress getting anti-trust regulators to cut down the power of these companies.
It refers to the history of American super-rich man of late 19th and early 20th century, John D. Rockefeller's Standard Oil company being broken into smaller companies by a US Supreme Court decision in 1911 that "reshaped the business landscape".
Ravi: One thing is very clear to me now from the parts of the USA Congress hearings that I have seen of Mark Zuckerberg (Facebook) and now Sundar Pichai (Google). The message that was being given by the Congressmen and Congresswomen to the tech giant bosses was that, you know you may be billionaires or multi-millionaires and your companies may be very rich and powerful, but it is we (US Congress (and Presidency)) who have the ultimate power over you and your money-spinner companies. Listen to us and address our concerns, OR ELSE ...!
What an extraordinary display of top-level power play by USA Congressmen and Congresswomen in these public hearings of tech giant company CEOs! These public hearings were meant to show the American public (and interested people from other nations like me in India) that it is USA Congress and Presidency, who are the ultimate bosses over these tech giant companies!
[I thank thehindu.com and have presumed that they will not have any objections to me sharing the above small extract from their website on this post which is freely viewable by all, and does not have any financial profit motive whatsoever.]
"Governments around the world are becoming increasingly unnerved by the power being amassed by major technology companies with the dominance of Facebook in social networking, Google in search and Amazon in e-commerce raising the most concerns."
Then the article talks about the specter of President Trump and Congress getting anti-trust regulators to cut down the power of these companies.
It refers to the history of American super-rich man of late 19th and early 20th century, John D. Rockefeller's Standard Oil company being broken into smaller companies by a US Supreme Court decision in 1911 that "reshaped the business landscape".
Ravi: One thing is very clear to me now from the parts of the USA Congress hearings that I have seen of Mark Zuckerberg (Facebook) and now Sundar Pichai (Google). The message that was being given by the Congressmen and Congresswomen to the tech giant bosses was that, you know you may be billionaires or multi-millionaires and your companies may be very rich and powerful, but it is we (US Congress (and Presidency)) who have the ultimate power over you and your money-spinner companies. Listen to us and address our concerns, OR ELSE ...!
What an extraordinary display of top-level power play by USA Congressmen and Congresswomen in these public hearings of tech giant company CEOs! These public hearings were meant to show the American public (and interested people from other nations like me in India) that it is USA Congress and Presidency, who are the ultimate bosses over these tech giant companies!
[I thank thehindu.com and have presumed that they will not have any objections to me sharing the above small extract from their website on this post which is freely viewable by all, and does not have any financial profit motive whatsoever.]
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