The Rise of Tech Giants May Be Bad News for the Economy
Tech giants like Facebook and Amazon are the tip of the iceberg of a trend toward market concentration. That’s good for profits, but a new study says it also risks harming productivity and growth potential in the long run.
According to Sophie Guilloux-Nefussi, an economist with France’s central bank, the market share of the eight largest companies rose in more than 60 percent of the sectors of U.S. between 2002 and 2012.
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