But break up the telecom oligopoly too.
The anti-trust legislation is still in force, but it needs participation from the Justice Department, which is systematically neglecting its duty.
It is not against the law to have a monopoly, but when you choose to have one you become subject to a body of law that monopolies are supposed to observe. But that body of law has been chipped away at in the courts, as the Public Interest is only fitfully represented.
[1] https://en.m.wikipedia.org/wiki/Sherman_Antitrust_Act_of_189...
I don't understand why Facebooks rebrand should be honored when we just ignore Googles.
Facebook the product is run by a company named Meta. Google the product is run by a company named Google, which is owned by the conglomerate Alphabet. Google is the vast majority of Alphabet, and they share CEO and CFO. So when you talk about Alphabet's finances or stock price, you're mostly just talking about Google but the name Alphabet is correct. However if you're talking about a company doing thing, you're almost certainly talking about one of the subsidiaries.
Eg, "Google made AlphaGo" or "Google's Deepmind made AlphaGo" is incorrect, but "Deepmind made AlphaGo" or "Alphabet's Deepmind made AlphaGo" are correct, while "Alphabet made AlphaGo" is technically correct but unspecific.
"four tech giants— Microsoft, Google parent Alphabet, Meta (formerly Facebook ) and Amazon"
So I guess the distinction in their eyes is that Facebook renamed itself whilst Google sold itself to a parent company? Can someone chime in on the legal entities and mechanics used for the two?
I love Apple products but this is all so worrying.
If you're building a new hardware company today, you wouldn't want to start out vertically integrated. You'd start by whitelabeling from an ODM, and as you gain experience and hopefully sales, figure out what parts you can design and get manufactured yourself. You can't differentiate much when you're selling the same ODM kit as everyone else, but maybe support or updates or meaningful changelogs or a splash or color or less spyware or ?
We've allowed too much consolidation. We need to break things up.
Yes, Google, Amazon, Facebook and Microsoft invest in international undersea cables. But those Cables are done by a Consortium of companies. Not just between the four listed but many Telecom companies in the regions.
Pacific Light Cable Network for example, connecting between Hong Kong, Taiwan, the Philippines and the US only cost $300M with 120Tbps according to the same WSJ. That is such a small amount of money by modern standard. Not to mention while the cost wont likely go down, the total bandwidth you get from deployment will continue to go up in the future. A 1 Pbps undersea connection isn't too far fetch within 10 - 15 years time.
