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How can we tame the tech giants now that they control society’s infrastructure?
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Pardon me for a moment while I shed a few crocodile tears. The proximate cause of this grief is the news that the revenues of Snap, Facebook, Twitter and YouTube are down by an estimated $9.85bn in the second half of this year.
Just to put that in context, as I write, the stock market valuations of the first three of these behemoths are $86.9bn, $930.36bn and $44.07bn respectively. YouTube is harder to estimate because it’s part of Alphabet, its holding company, but since that’s valued at
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