I believe the anti-trust angst is valid. The big tech companies do seem to be stifling competition with their sheer size. The Google argument that their competition is just one click away belies the fact that search is a hugely capital intensive effort. It is more expensive to build a search engine than it is to build a Boeing jet plane. That huge cost is a moat around the Google castle. The same is true for the other big tech companies.
The leaders of the four Big Tech companies faced US lawmakers for the first time together on Wednesday in a hearing in which they were accused of harming not only competitors, but also consumers. Here's how it went: https://t.co/pdmassrDlk— Financial Times (@FinancialTimes) July 29, 2020