The internet devalues everything it touches: The case against the online giants
Summary
The record $2.7 billion fine slapped on Google last year by the European Union for antitrust violations is an easy one for US agencies to follow -- if theres a will to prosecute.The internet giants will win because they have the opportunities to ultimately become the most efficient digital services business of every type -- theyll be better at finding the customers and better at selling.Because they have the largest engineering and computing resources with access to massed customer data -- all tied into two-way distribution networks of enormous scale.Its going to be a nightmare for the incumbent companies trying to reorganize their IT systems to support continuous app development and a host of business agility initiatives.Eric Schmidt, the former CEO and Chairman of Google, would try to deflect anti-trust questions from politicians by saying that a startup team in a Silicon Valley garage could emerge at any time and disrupt its business.