People Hate the Tech Giants like Amazon
All of the sudden our tech giants find themselves in a PR pickle: They are posting record earnings and seem unstoppable in business, but they desperately need to convince the public they’re not scarier than a pack of velociraptors on meth.
Even people you’d expect to be all rah-rah about Alphabet, Amazon, Apple, Facebook and Microsoft—five of the most valuable companies on Earth—are turning cold. Roger McNamee, a big early investor in Facebook, recently told Techonomy, “Facebook has the largest margins of any company of similar size in the American economy. They’re functioning like a drug company without doing clinical trials.” AddsSenator Mark Warner of Virginia, the top Democrat on the Senate Intelligence Committee, “They’ve grown so quickly—I’m not sure they’ve fully realized the implications of all their power.” Warner is the guy dragging executives from Facebook, Google and Twitter to the Capitol to answer for the way Russia used their platforms to influence the presidential election.