Tech companies such as Google, Amazon and Facebook are becoming the most powerful and influential corporations of the 21st century. Many people feel that these companies need to be broken up to ensure a more competitive environment. However, I think that breaking up these companies is not the best option.
Admittedly, there are situations in which it might be appropriate for big tech companies to divest certain parts of their businesses. An obvious reason for this is that some of these companies are monopolizing certain industries, which is resulting in a few companies having too much influence over markets and our lives. For example, Facebook could be forced to give up control of Instagram or Whatsapp seeing that it currently controls almost the entire social media market, giving it influence over the data and dissemination of news and information to more than two billion people.
However, a 20th century style breakup of big tech companies is not the best course of action. Having one company being the best in a certain technology-related field is actually a good thing. Fantastic free products like Google’s maps or search engine have made life much easier. Nobody wants to use the fourth best navigation app, and nobody is binging anything. Splitting up a company like Google would either result in an inferior quality search engine or people quickly identifying the best product, leading to a return to a single dominant market leader very quickly.
In conclusion, in certain contexts, the monopolistic nature of certain companies means that limits should be placed on what actions these giant companies should and should not be able to do. However, a total breakup of these companies would likely not have the intended results and would detract from the benefits that these companies bring to our lives. Therefore, I believe that breaking up big tech companies completely is not an appropriate course of action
Tech
companies
such as Google, Amazon and Facebook are becoming the most powerful and influential corporations of the 21st century.
Many
people
feel that these
companies
need to
be broken
up to ensure a more competitive environment.
However
, I
think
that breaking up these
companies
is not the
best
option.
Admittedly
, there are situations in which it might be appropriate for
big
tech
companies
to divest
certain
parts of their businesses. An obvious reason for this is that
some
of these
companies
are monopolizing
certain
industries, which is resulting in a few
companies
having too much influence over markets and our
lives
.
For example
, Facebook could
be forced
to give up control of Instagram or
Whatsapp
seeing that it
currently
controls almost the entire social media market, giving it influence over the data and dissemination of news and information to more than two billion
people
.
However
, a 20th century style breakup of
big
tech
companies
is not the
best
course of action. Having one
company
being the
best
in a
certain
technology-related field is actually a
good
thing. Fantastic free products like Google’s maps or search engine have made life much easier. Nobody wants to
use
the fourth
best
navigation app, and nobody is binging anything. Splitting up a
company
like Google would either result in an inferior quality search engine or
people
quickly
identifying the
best
product, leading to a return to a single dominant market leader
very
quickly
.
In conclusion
, in
certain
contexts, the monopolistic nature of
certain
companies
means that limits should
be placed
on what actions these giant
companies
should and should not be able to do.
However
, a total breakup of these
companies
would likely not have the intended results and would detract from the benefits that these
companies
bring to our
lives
.
Therefore
, I believe that breaking up
big
tech
companies
completely is not an appropriate course of action