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Why One Bank Thinks Big Tech Is ‘The Most At Risk’ If Joe Biden Takes The Oval Office
What's at stake in November?
Well, quite a bit, as it turns out. For many critics of the current ad
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“…by some Republicans as intentionally biased against conservative voices (apparently, Twitter isn’t within its rights as a private company to point out to users when politicians say things that are demonstrably false).”
Twitter is a public company, unless we have different definitions…?
private as in private enterprise. i.e., the government doesn’t get to tell Twitter who or what to allow anymore than the government gets to tell a privately-owned diner in Iowa what kind of pie to serve
it’s publicly traded, but it’s the private sector
The question is whether Section 230 protections should be granted to companies that filter information based on moral or ethical judgements. Section 230 was written to provide safe harbor for companies providing dumb pipes, not to protect companies providing smart censorship and strongarm demonetization schemes.
got it. Thx
Let the blue wave come and hit the new tech basket hard, I’ll happily deploy cash into that swoon. 15 years from now Amazon or a conglomerate of today’s big tech will own the US and half the planet, it may be the last opportunity to buy into big tech before Amazonia replaces the United States of America.
“In 2020, the top 15 companies’ revenues are equal to 16.3% of US nominal GDP (the revenues of Walmart, Amazon and Apple combined represent 5% of US GDP).” That’s astonishing, almost in the realm of si-fi! While it may be logical to assume such high economic concentration, in his early work Neal Stephenson attributed ownership of that concentration to one or more companies in Shanghai. Moreover, he asserted that the US would basically be left behind because it lacked sustainable competitive advantages in virtually all forms of business except perhaps the perfection of 30 minute pizza delivery (see Snow Crash).
Call me crazy, but the notion that tax rates are going to go up, even if Biden and Democrats are saying that they are going to do it, in the middle of a Pandemic seems like crazy talk. Moreover, the same goes for threatening American tech champions by signing onto a digital tax. What seems most dangerous for markets going forward is a Trump victory and this has nothing to do with economics. Look at it through the social justice, violence, civil unrest lens….. A Trump victory would be about the most incendiary outcome possible and obviously a massive surprise given the polling. If you are long equities, or long risk generally, a Trump win is a disaster. I say this as a dispassionate analytic voice, not as partisan.