Posted by on December 25, 2019 8:00 am
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Categories: µ Newsjones

Google, Amazon and Facebook moved at a scale and speed governments couldn’t match. Now regulators are trying to catch up

The 2010s will be remembered for a new era in the development of capitalism, one of mind-boggling scale. Apple, Amazon and Microsoft are closing the decade as the world’s first trillion-dollar companies. Last year, Apple’s revenue was larger than Vietnam’s GDP, while Amazon’s research and development spending alone is almost as much as Iceland’s GDP. Facebook boasts 2.4 billion users, a population larger than that of every continent except Asia.

Related: The dark side of tech: why the Guardian asks tough questions about Silicon Valley

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