The Largest Threat That Tech Companies Pose

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The Largest Threat That Tech Companies Pose

“Less privacy for customers” voted as the largest threat tech companies pose

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Regulators across the country launched five recent investigations into some of the most high-profile tech giants in the world. The Justice Department, which went first in October, says Google sealed its dominance in online search in part using exclusive contracts to lock in its position as the default on browsers and mobile devices.

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On Blind, the largest anonymous professional network, we ran a survey asking:

  1. Do you believe tech companies deserve increased regulatory scrutiny?
  2. Do you believe tech companies are stifling competition?
  3. What do you think is the largest threat tech companies are posing to the world?

Professionals Discuss The Threats That Tech Companies Pose

Key Learnings:

  • 72% of professionals believe tech companies deserve increased regulatory scrutiny
    • 75% of Microsoft  professionals believe tech companies deserve increased regulatory scrutiny
    • 92% of IBM professionals believe tech companies deserve increased regulatory scrutiny
    • 100% of Workday professionals believe tech companies deserve increased regulatory scrutiny
  • 69% of professionals believe tech companies are stifling competition
    • However, only 43% of Google professionals feel that way
    • 93% of SAP professionals believe tech companies are stifling competition
  • Most professionals (49%) believe “Less privacy for customers” is the largest threat tech companies are posing to the world
    • Stifling company competition is the second largest threat tech companies are posing to the world (19%)
    • Followed by “less consumer choice” (13%) and “less innovation for their consumers” (7%)
      • 11% of professionals believe “Tech companies pose no threat”

See the raw data here.

tech companies

Threats Tech Companies

Threats Tech Companies

These cases share a central idea: Google and Facebook have made the world worse by stifling competition, and less competition has meant less consumer choice, less privacy for Americans, less revenue for online publishers, less innovation for users.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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