Shareholders Rejoice In Booming Big Tech, But There Are Downsides As Well

  • Stock valuations are very high, especially in the technology sector. However, these are in part driven by powerful platform economics.
  • These forces confer companies with enormous economic clout and positions that are difficult to assail.
  • This is visible in the big market leaders like Microsoft, Google, Facebook and Amazon.
  • As beneficial as such concentration of economic power is for shareholders, it doesn’t always align well with the benefits of society.
  • At some time in the future, this might even produce something of a backlash

Source: Shareholders Rejoice In Booming Big Tech, But There Are Downsides As Well | Seeking Alpha