Tech Lash News Today

Mark 0stwald is global strategist at adm investor services international. this is very much a moment of truth for this much fated crackdown. after years of tech lash, i guess, crackdown. after years of tech lash, iguess, in crackdown. after years of tech lash, i guess, in the political sphere. is it losing its gustre in the investment world as well? i in the investment world as well? ., �* ~ well? i dont think it necessarily - well? i dont think it necessarily loses - well? i dont think it nec...

Usually saying ill get back to you on that. let me connect with your staff on that. theyve paid record fines. theyve been sued by governments. theyve annoyed both sides of the aisle. theyve done something very few forces can do, and that is that both democrats and republicans are mad at them for different reasons and in popular culture, they get vilified. what are the results? profits are up. they have hoards of cash for acquisitions. and they are buying fiscal space in our big cities. helping p...

>> mika, accept no substitutes! happy friday! >> we need it! mike, youre looking at big tech profits that are up, despite the backlash and all the criticism that weve been talking about here about disinformatio -- >> monopolies. >> everything. whats going on? >> thats right. remember three, four years ago, we talked about the tech lash, and the big tech companies, facebook, amazon, google, had finally, as hi mother would say, had goten too big for their britches. they were too powerful, too toxi...

The reality is this is the will of the people. >> again you dont also mind getting in talking about the crisis in tech. this tech lash thats going on. how do you look at this? theres a growing problem income and equality. and where jobs are doing. the addiction issues. where the money is coming from. like saudi arabia and google about whether they should work for the defense department. >> never a better time for your industry. >> great to be an annoying reporter. what is happening in tech? is t...

Challenges to it. >> that could always happen. the reality is this is the will of the people. >> again you dont also mind getting in talking about the crisis in tech. this tech lash thats going on. how do you look at this? theres a growing problem income and equality. and where jobs are doing. the addiction issues. where the money is coming from. like saudi arabia and google about whether they should work for the defense department. >> never a better time for your industry. >> great to be an ann...

The sunday times ran a piece called obamas masterminds catch in. they basically admitted they stole the social graph which is the connections between the users from facebook, blowing all of the terms of use of facebook. and facebook let them. the wrote from the article was you can do this, as long as you stop doing it on november 7th. so there was no backlash then. but now theres a huge -- people are calling it the tech-lash, big tech is blamed for everything, its inequality problems, diversity ...

The sunday times ran a piece called obamas masterminds catch in. they basically admitted they stole the social graph which is the connections between the users from facebook, blowing all of the terms of use of facebook. and facebook let them. the wrote from the article was you can do this, as long as you stop doing it on november 7th. so there was no backlash then. but now theres a huge -- people are calling it the tech-lash, big tech is blamed for everything, its inequality problems, diversity ...

Of all, causing a lot of job losses and might be monopolies. is ushering in a wave of feelings about how to handle technology and big tech. >> i think thats absolutely right. there were lots of sessions on a.i. and how it will change jobs and lose jobs. thats been a subject for some years. for me the two new elements is there was a really sense of a tech lash, a backlash against tech companies, goggles, facebooks are no longer the shining lights. they are too big, too concentrated and all kinds ...

Losses and might be monopolies. is ushering in a wave of feelings about how to handle technology and big tech. >> i think thats absolutely right. there were lots of sessions on a.i. and how it will change jobs and lose jobs. thats been a subject for some years. for me the two new elements is there was a really sense of a tech lash, a backlash against tech companies, gookggles, facebooks are no longer the shining lights. they are too big, too concentrated and all kinds of people are worried and t...