He believes regulators will tax companies like Facebook, Google, Apple, and Amazon "to death" and that they will eventually get their way in the end.Former Facebook executive Chamath Palihapitiya believes that governments will break up the world's largest technology companies over the next decade.
"First, they'll get taxed to death, then they'll get trust-busted," he told the Financial Times's Robin Wigglesworth on a video call that was broadcast as part of the CB Insights tech conference. While at Facebook, Palihapitiya made side investments in a start-up that was acquired by Google and a start-up that was acquired by The Walt Disney Company. He also backed Peter Thiel's Palantir, which is now valued at over $20 billion. He left Facebook in 2011 to start his own venture capital fund called Social Capital, which has backed messaging app Slack.into Apple. The first one centers on whether or not its right for Apple's App Store to take a commission on in-app purchases.
As they should
Smartest thing ive heard him say.
Hell YES! Soon AAPL, MSFT, GOOGL, FB...only going to make it RAIN as they sell more SHARES into the markets in expectation! Watch the 10ks
What will happen to my $QQQ
Agreed
They have already started. Big Tech has outraged The Donald, The alt-Right, the far left, the social pundits, and increasingly 'just regular folk'. They don't have enough money to buy all the Senators, but they will try.
They should start with 'media and entertainment' giants first ... Like Time Warner and NBC Universal...
they become monster and want to contol ppl and eth
Good
Fantastic lets start with AAPL, MSFT, GOOGL, GOOG, FB, TSLA BA,AMZN,NFLX,NVDA
chamath is the Dr Fauci of tech. Always doomsday
as a fb investor this is great news, the parts of FB are worth greater then the whole.
big tech IS the government
A decade to break up social media isn't soon enough.
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That's great news
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