Please, just please, don’t make grandiose one-off statements in your article.
These problems have only grown worse with the coronavirus pandemic, as smaller businesses succumb to the economic damage, and changing patterns in teleworking and retail accelerate in ways that make Americans more reliant on technologies produced by a few firms. Shares in the Big Four, along with Microsoft, Netflix, and Tesla, added $291 billion in market value in just one day last week. The dangers of Big Tech domination are more profound now than they were even a few months ago.
What a cool way to show “smaller businesses [succumbing] to the economic damage” of COVID-19. $291 billion? That’s so big. The U.S. government needs to step in. Tesla has recorded a profit at least four times.
Raise your hand if/when you feel
- Tesla is Big Tech
- You have a Tesla
- Small businesses are screwed because the 27th largest automaker in the world jumped in the stock market
- The 27th largest automaker is dominating the automobile market, a market famously composed of small businesses
I do not and will not vouch for the intelligence of 99% of people in the financial industry. That being said: remember that financial reporters are often people who could not even get the dumb jobs in finance. THAT’S NOT ALWAYS THE CASE. But, uhhh, frankly yeah a lot of times that’s the case.
First Take Forever 