Published at Thursday, December 5, 2024 8:13 PM
Monopolisation of Tech Companies
Tweaking traditional concepts of doing things has been replaced by technology but at what point does monopoly come in?.According to Wikipedia Monopolisation refers to attempts by a dominant firm or group of relatively large firms to maintain or increase market control through various anti competitive
practices such as predatory pricing, pre-emption of facilities, and foreclosure of competition.In the 21 st century technology seems to be in control of each and every sector in the world. One cannot do anything without being tech centric and that makes them a democracy in their own making.With their outstanding performance in the stock exchange how far before government systems say they have had it.At what point does monopolization of tech companies become a problem?
In the last decade tech industries have been thriving on cut throat profits using data analytics tools to wipe out competition.With huge market scopes their power seems to be unbeatable.These Companies are a buy and halt process when it comes to competition.They buy their competition and no innovations forms further leading to unfair marketing practices.A company like Fcebook is an example of a monopoly status symbol.After their acquiring of watsapp while still owning messenger leaves no room for competition on messaging platfroms.These companies seem to practice a lot of unethical practices just to stay in the market.A deep study into them and you will find their competitors are in a downward spiral of demand.
A controversy..............continue on the link below
.https://www.businessquest.co.ke/featuremonopolisation-of-tech-companies/
