What Breaking Up Big Tech Would Mean for the Economy

In the past few years, some tech companies has gone to huge proportions, most of them many people use every single day. The biggest tech companies are so huge, they make up, as of 2018, up to 68% of US GDP growth, and just the Facebook owned sites, such as Instagram and WhatsApp, made up 26% of all social media internet traffic and 16% of online messaging respectively and nearly all Americans conduct searches on Google-owned platforms, whether it be using Google’s search engine or even or YouTube.


Though antitrust and anti-monopoly laws have existed in the US for over a century, making sure that the market can’t be totally controlled as they were when the laws were created, some are starting to apply those laws to the giants of tech today. In 1998, after Microsoft began offering a free browser with its expanding software bundle, its chief competitor soon collapsed. This sparked the DOJ to file charges alleging monopolistic acts – the result was that Microsoft had to have been split – making two companies, Windows operating system and Office software suite. While some believe the case against Microsoft was decided by the free market, others think that the government’s case paved the way for new companies like Google and Facebook. Antitrust laws empower regulators to stop mergers that reduce competition yet big tech companies have no trouble and little pushback on acquisitions.


Related Post

A market share of at least 50% is required is needed before the courts can declare a monopoly and the big tech companies are just a hair below that 50% marker. Netflix, Facebook, Amazon, Apple, Microsoft, and Google make up an astounding 43% of all internet traffic, Apple owns 41% of all smartphones and 46% on all smartwatches, and Amazon has 49% of all eCommerce sales.

With so much money in so few companies, find out some possible futures of antitrust and breaking up big tech here.  

Brian Wallace

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-present.

Published by
Brian Wallace

Recent Posts

A Guide to Authentication Methods (Infographic)

Stolen passwords and weak passwords are responsible for over 80% of security breaches in 2018,…

2 weeks ago

How To Boost FPS and Reduce Input Lag in Fortnite

One of the most common questions I get is how I can optimize FPS in…

3 weeks ago

Insane! Science Backed Method To Train Your Mouse Aim For FPS Games

If you are looking to improve your aim for your favorite competitive FPS title, chances…

4 weeks ago

Find Fortnite Clan – A Directory of Top Fortnite Clans

Are you looking for a Fortnite clan or team to join? Chances the answer is…

4 weeks ago

Find Valorant Clans and List Your Own Team for Free

Now that Valorant has been out for quite some time, the players that are looking…

1 month ago

The Lonliness Economy

Chronic loneliness can shorten lifespan by as much as 20 years - more than alcoholism…

1 month ago

This website uses cookies.