NEWS FROM THE FUTURE
NEWS FROM THE FUTURE: The FAANGs lose their bite
US and EU regulators rein in rampant market dominance
05 November 2024 - 05:00
Dateline: October 28 2027
Since the US and EU regulators pulled the fangs out of the FAANGs in a co-ordinated move two months ago, there is a new sense of urgency and optimism in the world’s tech hubs. The FAANGs, originally comprising the five most dominant US tech companies — Facebook (now Meta), Apple, Amazon, Netflix (replaced by Nvidia) and Google (now Alphabet) — received their marching orders from the Federal Trade Commission in a move many see as a warning to the industry overall to “grow and become huge, but don’t become so dominant you kill your competition”. Microsoft didn’t escape either. ..
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