2018 was not so good year for many of Tech giants. Tech media have reported that Silicon Valley is dead, and the FAANG companies are so big they need to be regulated. Senator Elizabeth unveiled an aggressive plan of breaking up of Tech Giants like Amazon, Google, and Facebook that exceeds $25 billion in revenue. There is no question that these Tech companies have too much power on the economy and have the potential of regulating the economy by their moves. For this, FinanceShed has brought a detailed analysis of the breakup of Tech giants and who all are in favor and what’s the need for it.
Everyone is aware of the Tech Giant’s security breaches and their roles in fake news, and a plethora of other things. These companies are planning to grow and expand even further. Although they saw a downfall in shares such as Facebook watched its stock decline 24% since peaking in July, they are planning to expand and are confident about their future revenues and powers. This means that there is something they are planning or they know which media and their detractors fail to understand.
Technology is now becoming a need and not a luxury anymore and is going to be expensive. Also, technological advancement is going to influence every aspect of our business and personal lives. For this, these Tech giants are planning to expand in many areas.
British Exit, also known as Brexit, the European Union has given the UK a deadline to solve this political issue taking place since so long. For this, what will be the parliament’s answer have major implications for financial markets and the UK economy. The British union has to leave the European Union with a deal that protects trade and then leave the block or the decision remains pending.
Apple is continuously launching new gadgets like next-generation wireless earbuds, iMac Line and updated version of iPad Air and iPad Mini. The stocks also uplifted last week as per the reports which clearly shows the result of new announcements regarding new products ready to enter the market. If we talk about expansion relating to the area of working, Apple announced that they are going to build a 133000 sq. ft. campus in Austin and Las Angeles alongside the new campus in North San Jose.
Google, on the other hand, is planning to create a new working village in downtown which will be enough to accommodate at least 10000. Facebook also has acquired a new property near its current campus.
These companies are planning expansion where on the other hand there is a plan of breaking up these Tech giants so what will happen to these Big Techno companies has broad implications on the economy as well as the whole Techno sector. As these companies have large sway over the stock market and people depend upon them for their investment and retirement planning, a minor change in these companies will affect millions of people.