WWW inventor says tech giants need to be split up
Reuters reported that the inventor of the World Wide Web says tech giants such as Facebook and Google have grown so dominant they may need to be broken up. The digital revolution has spawned a handful of US-based technology companies that now have a combined financial and cultural power greater than most sovereign states. Apple, Microsoft, Amazon, Google, and Facebook have a combined market capitalisation of US$3.7 trillion, equal to Germany’s gross domestic product last year. Given the tech giant's growing customer data monopoly and market power, we've echoed this sentiment in the past, noting that changes in the legal and regulatory framework to put serious constraints on the large technology companies are inevitable.