When NYU professor Scott Galloway began The Four, his book on Apple, Google, Amazon and Facebook, he thought it was a love letter. Now he says it’s time to break up the companies.
Why it matters: In a year where the biggest tech companies have been widely criticized, regulators may have more inclination than ever to look at their business practices.
“I’ve become 100 percent convinced that its time to break these companies up,” Galloway said, speaking at the DLD18 conference in Munich. “I want to be clear I love these companies… They are clients of mine, at least for another hour until they see this.”
The rationale: “The key to competitive markets is no one company has too much power and we have blown way by that.” Galloway notes that Google would have never made it out of the crib if antitrust regulators hadn’t put the breaks on Microsoft … (read more)