Big tech - making money hand over fist

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They are profiting from the lockdown and rioting - from Bloomberg:

Bezos, Zuckerberg Are Taking Tech Wealth to a Whole New Level
The message from Jeff Bezos: Big Tech’s not so powerful.

The message from his personal fortune: Oh yes it is.

As Bezos and three other technology magnates defend their businesses at a Congressional hearing on antitrust worries Wednesday, their fast-growing wealth provides a breathtaking measure of their companies’ economic might. The Amazon.com Inc. founder has seen his net worth soar by $63.6 billion this year. On one day this month, it leaped an unprecedented $13 billion. The world’s richest man is now on the cusp of another record: a fortune exceeding $200 billion, according to the Bloomberg Billionaires Index.

Another chief executive officer testifying, Mark Zuckerberg of Facebook Inc., has grown $9.1 billion richer this year, placing his fortune within reach of the centibillionaire status already held by Bezos and Bill Gates.

Nothing wrong with making money. Weaponizing our nation's Political System to tilt the playing field is wrong, very very wrong. Time for a little bit of anti-trust action. The Congress-critters will scream as they are getting sweet campaign donations but let them holler.

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This page contains a single entry by DaveH published on August 4, 2020 7:12 PM.

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