Re:Tech giants have as much money and influence as nations
by BlueTemplar on Sunday January 12, 2020 @11:09PM
(#22031742)
I understand the GAFAM, but is Netflix even in the same ballpark? (It's also extremely dependent on Hollywood, isn't it?)
And Microsoft isn't in the Silicon Valley...
Re:Tech giants have as much money and influence as nations
by webboynews on Sunday January 12, 2020 @11:31PM
(#22031846)
It's a play on faang. Which excludes Microsoft because cool people like Paul graham think (wrongly of course, as usual) I that Microsoft is dead
Re:Tech giants have as much money and influence as nations
by detaro on Monday January 13, 2020 @12:14AM
(#22032003)
Which excludes Microsoft because it was a stock-market term for hot tech stocks, at a time were Microsoft already was "established and boring".
Re:Tech giants have as much money and influence as nations
by BlueTemplar on Monday January 13, 2020 @12:09AM
(#22031988)
Paul Graham ?
Isn't "FAANG" specifically about Silicon Valley's labor market and local politics, but hardly relevant outside California ?
Each of these companies (FAAMNG) apparently are more worth or near worth the GDP of Luxembourg and other developed countries and their businesses are built like an entire economy.
There are also do’s and don’ts with some of them i.e rules that one citizen should follow. Don’t touch/hack google3 or you will be arrested. Thinking about virtualising macOS/iOS? You will be swiftly dealt with the Supreme Court of Apple Inc, You disagree with Mr. Zuckerberg on his platform? You will be expeditiously banned and charged with high treason with your real name, address, phone no. set to public for the whole world to shame you and list goes on.
Facebook has a population of 3B people and still calls it a community. If it were a country, that’s like the population of China and India put together. They have a town square, news, emergency services and more. The problem is it’s founding member Emperor Zuckerberg still doesn’t understand privacy and trust with its users despite the scandals of the 2010s. If it were a nation state, then it would be like an authoritarian one.
Ladies and Gentlemen, welcome to the People’s Republic of Silicon Valley.