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A populist backlash against tech giants is rising


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2018 Mar 23, 2:06pm   2,611 views  7 comments

by Patrick   ➕follow (55)   💰tip   ignore  

https://latest.13d.com/a-populist-backlash-against-tech-giants-is-rising-and-it-could-define-the-future-of-global-innovation-f5d4fa7b9b69

The E.U. has been vocal about its concerns and has already taken action, albeit limited, to hold tech giants accountable for anti-competitive practices. As tech giant power increases and public anger intensifies, the E.U. will no doubt intensify intervention. And while the Obama Administration negotiated to protect U.S. tech giants, there is reason to believe President Trump will do the opposite.

On the campaign trail, Trump regularly attacked tech giants on antitrust grounds. While both sides have made public gestures of reconciliation, tech companies have become louder and louder opponents of Trump, evident in their public campaigns against the travel ban, net neutrality pullbacks, and H-1B visa reform. The relationship will likely continue to sour, motivating Trump to retaliate. Moreover, the disruptive force of tech giants on employment is acute for Trump’s base. The louder populist anger becomes, the more Trump may see antitrust intervention as a political imperative.


This could impact Bay Area housing prices.

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1   mell   2018 Mar 23, 2:10pm  

Definitely but more likely also any slow-down in the market. A lot of those people that have been competing with rich foreigners are tech couples with stock (options). When the appreciation stops and/or layoffs loom this could turn fast. It is fair to say though that the housing prices in the bay area have appreciated crazily - mostly due to chronic extremely low inventory - and that most regular earners are priced out by now. Hence the sales slowdown.
2   Strategist   2018 Mar 23, 7:47pm  

The most valued companies are pretty much all tech companies. Apple,Google, Amazon. The old manufacturing companies like GE, GM, Ford are pretty much the little guys now. The retail Giants like Sears are history. The oil companies like ExxonMobil were way up there, but at 5 year lows today.
Guys......the future is technology.
3   Reality   2018 Mar 23, 8:09pm  

"the future is technology."

Didn't Cramer say that in February 2000? Agree with you in the long run, but "in the long run, we are all dead."
4   Strategist   2018 Mar 23, 8:24pm  

Reality says
"the future is technology."

Didn't Cramer say that in February 2000? Agree with you in the long run, but "in the long run, we are all dead."


HA ha ha. So true. Every company in the past became a big player by taking advantage of the technology of the time. Eventually, they all get replaced by newer technology.
Kodak comes to mind as an example.
5   bob2356   2018 Mar 24, 3:22am  

someone else says
This could impact Bay Area housing prices.


Absolutely no one gives a shit about bay area housing prices except the self absorbed living in the bay area bubble.
6   Patrick   2018 Mar 24, 5:20am  

That would be probably half the readers of this site.
7   anonymous   2018 Mar 24, 7:44am  

APOCALYPSEFUCKisShostikovitch says
If you're not taking a shit on Facebook's face, you're part of the problem.


Wait a minute you’re telling me Facebook is harvesting my data?!?!

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