Big Tech Giants Not Bulletproof
February 22, 2018
It’s safe to say that the honeymoon is over for the big tech companies that use big data to the extreme. The likes of Facebook, Apple, Google, and Amazon had a rough 2017 and things aren’t looking up, according to Forbes story, “Big Trouble for Facebook, Amazon, Google, and Apple in 2018.”
According to the story 2017 was the year:
We realized that maybe, just maybe, FAGA (Facebook, Apple, Google, Amazon) were no different from car companies, real estate brokerages, banks, insurance companies, big pharma and other technology companies – those guys. When FAGA joined the family of “regular” companies they lost some appeal. In fact, if the trend continues, FAGA might even find themselves on the list of some of the most disrespected companies!
2017 made it clear that FAGA exists for their shareholders, partners, executives and customers, in that order. What an awakening for even the love-is-blind crowd: just say it ain’t so! Just another company?
Things are not so rosy for tech companies that once claimed they would change the world. Net neutrality might cause them to drastically shift their business models, and a recent Vanity Fair story pulled back the curtain on Silicon Valley and revealed a hedonistic culture that is a drastic shift in our perception. Does this mean we are in for a tide shift in tech? Mmmmm, probably not. These giants are firmly planted, but it is proof they are not bulletproof.
Patrick Roland, February 22, 2018
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