Antitrust Tsar News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The big Silicon Valley Tech Companies had a hugely successful 2020, prompting more questions about their overwhelming dominance in financial and business terms. From san francisco, James Clayton reports. There have been winners and losers from this pandemic, and some of the biggest winners are also some of the Richest Companies in the world, based around san francisco. Take here at apple, last week, the Company Posted record Quarterly Sales of more than £80 billion. At that rate, during this 2. 5 minute news report, apple will have done 1. 5 million worth of sales. Big tech has had an astonis...

The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny� s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce...

Within the business community, there is a growing chorus of voices who are realizing that theyre operating on a very unfair playing field. President biden is also reportedly considering hiring an Antitrust Tsar to look into monopolies in tech. Other senior democrats have even called for Companies Like google and facebook to be split up. Big tech has had a bumper year, but Withjoe Biden as president , theyre likely to face more and more scrutiny. Should so much power and wealth be concentrated in the hands ofjust a few companies on the west coast of america . James clayton, bbc news. A reminder...