Business Daily
A Crisis in Tech?
Apr 3, 2018
Analyst Bilal Hafeez discusses the tech bubble bursting for giants like Facebook, Google, and Amazon amid data breaches and falling user numbers. Also, insights on Uber's challenges in Southeast Asia and real-life Iron Man Richard Browning's jet-powered suit world record.
17:55
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Quick takeaways
- Tech giants face scrutiny over data ownership and potential regulations impacting profit models.
- Competition in ride-sharing industry leads to mergers with impacts on drivers, passengers, and innovation.
Deep dives
Technology Companies Facing Regulatory Scrutiny
As tech shares tumble, concerns grow over the high valuations of data and platform companies like Facebook. The rise in scrutiny stems from the ownership of user data and questions of who should benefit from it. Potential regulations could lead companies to disclose details about political advertising and face tighter oversight, possibly impacting their profit models.
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