Wall Street Journal article on the monopoly power of tech giants.

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Monopoly power of tech giants
In recent years Google, Amazon, and Facebook have made the market headlines. However, there are some critics and companies as well as the public who want these technological giants to be regulated. They have been seen taking advantage of the people’s voice, copyrights as well as tampered with democracy and political issues over so many times. Most of their products, goods, and services are unrestricted and free to their customers (Greg, 3). They are using their control to lure in competitors through the different products produced and their prices, but they never made it to the customers for them to see or purchase if any.
In the past, the standard oil and AT&T companies were among the largest multimillion corporations which dominated a lot. They used their barriers of entry by using their power and services to gain fame and do illegal dealings by reducing prices for their products to abolish their competitors, posing a great threat to other related businesses. Rockefeller founder of the Standard Oil Company used to purchase his competitor’s industries by offering great deals (Manns, 32). Once it was noted, that some weaker firms they controlled becoming inefficient and not profiting his company they were shut down, humiliated them by underpricing their products and chased them away from the market. This became so unfair to those companies.
The Alphabet Tech giants pose a great threat and concern since, e.

g., when one wants a social life; Facebook is the answer, ask questions about anything in the world Google will provide every information and buying products online Amazon. Com is the best place to purchase. Not only do they control every person life because now the public is dependent on them as well as their free services. They have created a platform where competitive companies cannot sell or purchase their products and succeed through the internet. Unemployment becomes more rampant and not forgetting taxes are not duly paid to the government. Therefore it is better to regulate them than breaking the Giants apart.
Work Cited
Greg Ip “The Wall Street Journal”. Https://www.wsj.com/articles/the-antitrust-case-again-facebook-google-amazon-and-apple-15161256. (pp. 3-5)
Manns, Leslie D. “Dominance in the oil industry: Standard oil from 1865 to 1911” in David I. Rosenbaum ed., Market dominance: How firms gain, hold or lose it and the Impact on Economic Performance. Praeger 1998, (pp.31-33)