We shouldn't be talking about tech giants in general. We should be talking about specific conduct in a specifically defined market, and whether that specific conduct actually distorts competition on that market. And if i could just correct on point, because i think it's important rana said that facebook sells your data. If you go to face books privicy policy and gorgles, they do not sell your data. They explicitly state that they use the data to match you to advertisers who have relevant advertisements to show to you as consumers. Luke johnson, who's ever read gogle or face books privacy policy? You know those forms you have to sign before you use them? No one ever
With so much data and power centralised in the hands of a few West Coast companies, the tech giants have become a serious threat to our basic freedoms and must be broken up. That’s the argument that was made at this major Intelligence Squared debate by the FT’s global business columnist Rana Foroohar and by businessman and former chairman of Channel 4 Luke Johnson.
But others would argue that it’s all too easy to make the tech giants a scapegoat for the inevitable upheavals caused by the digital revolution. The real winners of this revolution are not the tech companies but us, the users. Who could now imagine living without the services of Amazon, Apple, Google, Facebook and Microsoft? That’s the case that was made in our debate by former head of Facebook’s European politics and government division Elizabeth Linder and competition law expert Pinar Akman. Who's right and who's wrong?
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