As of yesterday in the news, Amazon is facing further investigations from European Commission and Federal Trade Commission. Both are looking to see how far the company is monopolizing the industries. Certainly the FAANG companies known as Facebook, Apple, Amazon, Netflix, and Google started as providing content, data, and information to the public. Although Apple, Amazon, an Google have come up with hardware products which they are utilizing on them as in house Research and Development to compete with traditional companies such as LG, Samsung, and Sony to name a few.

These technology companies mostly rely on data which can simply be noticed that they are brokers of information such as real estate firms. Uber and eBay as an example take commission from servicing users on their platform which both have Initial Public Opening. This puts a question to why aren’t every commission firms that are federal don’t have IPO either? The main thing is that most of the technology companies have been acquired by the FAANG companies for expansion and newly startups are saturated to penetrate the market and make a leap into the society such as Bing search or even Blockbuster! They don’t necessary have products rather they are utilizing other companies or startups products to service and to sell on FAANG platforms based on the popularity they have gained over the past two decades.

The technology startup companies rather the new Wall Street big noise boys are making their way to become more powerful with use of data, and AI to predict the market. They are using our daily activities to predict our trend, likes, and taste to target our next purchase and take away our savings for their benefits. That is a little too much intrusion into our life since we are predicted at what and when will we buy our next sneakers in the market and from which department or brand as well. We basically have given our permission to be controlled by the technology companies and allow them to make decisions and plans for us. They are not as sophisticated or good with people interaction or communication rather they deal with data, numbers, and facts everyday as their responsibilities.

Most of the FAANG companies require a degree within engineering to be hired. Such can be said as either software, hardware engineer or mechanical engineer to name a few who have knowledge of coding as an example. With that said in a decade, the traditional jobs such as sales, marketing, or secretary will not be as go to jobs rather be part of a Developers responsibility at a company. Certainly, FAANG companies have provided more comfort and efficiency in our lives. On the other hand, more traditional valued citizens have lost their jobs and needed to adopt to the new era of job prospect in this generation. Also, these technology companies have minimized our privacy which when I was talking to a fellow coworker, she said she is monitoring her son’s text messages to his girlfriends!

Technology is great to certain extend and I am certainly a user of their devices for even writing my concerns and having this platform open. However, there is a time that we need to give a pushback for our own purpose in life not to be vulnerable to hackers or relied too much on technology for ways to get around or make decisions. I am certainly voicing for an advocacy for more balanced society towards the use of technology and make them become more transparent for others who are not able to utilize these products as well. In addition, they are mostly servicing to users rather selling a unique product not in the mall which the days of healthy competition have gone in smokes!