If there is one thing other than the pandemic that has marked the epochal year that is drawing to a close, it is a changed attitude to a once almost universally admired set of companies that are loosely clubbed together as tech giants — Facebook, Amazon, Apple, Netflix and Google, or FAANG. Governments on both sides of the Atlantic seem set on tackling what they see as predatory business practices, tax avoidance and misuse of data, all of it flowing from excessive corporate power in “winner-take-all” or “platform” businesses like search, online shopping and digital ads.
These businesses serve
These businesses serve
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