Wednesday, January 04, 2017

Tech’s Next Battle: The Frightful Five vs. Lawmakers - The New York Times

From "the Gang of Four" to "the Frightful Five"
"Then, in the last half decade, something strange happened: The sharks began to get bigger and smarter. Nearly a year ago, I argued that we were witnessing a new era in the tech business, one that is typified less by the storied start-up in a garage than by a posse I like to call the Frightful Five: Amazon, Apple, Facebook, Microsoft and Alphabet, Google’s parent company.

Together the Five compose a new superclass of American corporate might. For much of last year, their further rise and domination over the rest of the global economy looked not just plausible, but also maybe even probable.
In 2017, much the same story remains, but there is a new wrinkle: The world’s governments are newly motivated to take on the tech giants. In the United States, Europe, Asia and South America, the Five find themselves increasingly arrayed against legal and regulatory powers, and often even against popular will."
Tech’s Next Battle: The Frightful Five vs. Lawmakers - The New York Times
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