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Home / Business / “This is the beginning of the end of Big Tech as we know it”: NYU professor Galloway

“This is the beginning of the end of Big Tech as we know it”: NYU professor Galloway



“It’s time to get back to our roots and lock in‘ Big Tech to ‘oxygenate the market,’ ”NYU marketing professor Scott Galloway says.

“The market is beginning to collectively recognize that when all the delays are concentrated among a growing number of firms, it leads to a bad ecosystem and a bad economy,” Galloway told Yahoo Finance on the move.

AAPL) and Facebook (FB) touched the freshest levels, while Amazon (AMZN) rose more than 4% after the fall of the quarters despite the ongoing pandemic. “data-reactid =” 22 “> On Friday, shares of Apple (AAPL) and Facebook (FB) hit the highest levels, while Amazon (AMZN) rose more than 4% after a quarter of the explosion despite an ongoing pandemic

Amazon posted a record profit as people were buying a home during the COVID-19 outbreak.

“The first departure is that it’s fantastic to have an unregulated monopoly in a pandemic,” Galloway said.

T) Twitter (TWTRon Pinterest (PINS), “Said Galloway.” Data-reactid = “25”> “These companies in the first 15 minutes after the market closed yesterday, after announcing a profit. They added the value of AT&T (T) Twitter (TWTR) and Pinterest ( PINS), “Galloway said.

“And yet according to Mark Zuckerberg there are competitors attacking him from everywhere,” he added.

GOOGL) testified before lawmakers at a 5-hour anti-confidence hearing. “data-reactid =” 27 “> Jaw-dropping profits came just a day after CEOs of Amazon, Apple, Facebook and Alphabet (GOOGL) testified before lawmakers in a 5-hour hearing against trust.

ignored why the social media platform is not an illegal monopoly, and in fact after its competition. “data-reactid =” 28 “> Facebook’s Chief Executive, Mark Zuckerberg, ignored why the social media platform is not an illegal monopoly, and in fact after its competition.

“After seeing the hearing I thought again, this is the beginning of the end of great technology as we know it,” Galloway said.

“And I think we have to go through a construction that we believe is some kind of punishment or that we did something wrong,” he added.

“I think America has a proud legacy of anti-trust when one company is so strong that it starts reducing the oxygen of a sector and the rest of the economy. It’s coming in and we are fueling the economy by solving that id -firm, ”he said.

“By the way, as a shareholder of Amazon and Apple, I think the value of my shares goes up once it announces they are breaking down,” he said. “I think AWS will be the most valuable company in the world as an independent company in 3-4 years.”

Amazon Web Services e-commerce cloud giant grew 29% year-over-year.

“I think this is the beginning of the end, even if Trump is re-elected. I think there will be some action if Biden is elected – he will go faster. But we’ve been going here to … oxygenate the market . “

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@ines_ferre“data-reactid =” 49 “>Ines covers the US stock market. Follow her on Twitter @ines_ferre

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