An Insight of the Role of Technology Companies in Our Lives

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In the year 2017, the only thing that has risen above Donald Trump is the tech companies from the United States. In fact, Donald Trump and American tech companies have become the defining stories for 2017. An article that does not touch on Trump is either talking about Google or the rest. These are companies that have come to be referred to as the Frightful five. They include the likes of Alphabet, Microsoft, Facebook, Apple, and Amazon. The only company not too familiar may be Alphabet, which is the sister company of search giant Google. These are companies that have experienced astonishing growth within the last few years. As a result, they have risen to become the most valuable publicly traded companies in the world. These are companies that contain the power that dictates what you will be doing in the near future. This means that they can control your social life and also contains political power beyond the tech world. On the other hand, the world is now thinking about what it can do about these companies. What governments and institutions that are supposed to control these companies have learned is that they are hard to limit – leave alone to control them. They control virtually everything starting from entertainment, arts, politics and the social life.

Looking at one of the sectors that these companies control, you will understand the nature of their power. For instance, each of these five companies has invested in the entertainment industry. At the same time, each has spent billions of dollars and thousands of man-hours building their own platforms that they will use to distribute their art. For instance, Facebook has become notorious in controlling news. On the other hand, Google has built a platform known as YouTube where you find music and videos. Microsoft has also not been left behind as they have established their platform known as Xbox where you will find all sorts of games. With Amazon, they virtually control all books and movies on the internet. They have also ventured into TV where they own a web hosting service known as AWS. This is the hosting service that supports networks such as Netflix. Apple has also not been left behind as it has also invested heavily in these services. For instance, they recently embarked on the production of television series. What we can all agree in is that technology has a huge role to play in modern business culture.

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