Tuesday, January 19, 2021

Tag: Big Tech Consolidating Power And Profits As Small Firms Deemed ‘Unessential’ Are Shut Down

Big Tech Consolidating Power And Profits As Small Firms Deemed ‘Unessential’ Are Shut Down

by Chris Menahan, Information Liberation:

Big Tech giants like Amazon, Facebook and Google are seizing unprecedented power and consolidating profits during the coronavirus crisis while less politically connected small businesses deemed “unessential” are being forcibly shut down.

The Amazon-owned Washington Post on Monday detailed the disturbing power shift in as muted a way as possible in an article titled, “Tech giants are profiting — and getting more powerful — even as the global economy tanks.”