Big Tech Detective will spot sites that use Google Analytics to report on web traffic, or host Google ads, or use a service hosted on Amazon Web Services such as Chartbeat analytics - which embeds a script that pings its service every 15 seconds according to this post - but that is not the same as routing your data through the services. They have also outpaced the traditional big media companies such as Disney, AT&T, and Comcast ("Big Media") by a factor of 10. Microsoft is also the second biggest company in the cloud computing industry (Microsoft Azure),[46] after Amazon, and is also one of the biggest players in the video game industry (Xbox). But They're Stuck With Each Other", "The 'Big Five' Could Destroy the Tech Ecosystem", "The S&P 500 is really the S&P 5. The list includes companies … You have to stop what you're doing."[58]. This is unlike other large tech companies such as Microsoft and IBM, according to Simon and Galloway. Other big technology companies on a global scale include Samsung Electronics, Intel, IBM, Cisco Systems, and Oracle. [8], Some have speculated it may not be possible to live in the digital world day-to-day outside of the ecosystem created by these companies,[9] and concerns over monopolistic practices have led to antitrust investigations from the Department of Justice and Federal Trade Commission in the United States,[10][11][12] and the European Commission. "[35] Until 2017, FANG was limited to Facebook, Amazon, Netflix, and Alphabet. Click to skip ahead and jump to the 5 biggest tech companies … It's an Unholy Mess", "Red Pilled: My Bizarre Week Using the Alt-Right's Vision of the Internet", "Alt-Tech platforms: A haven for fringe views online", "The Largest Technology Companies In 2019: Apple Reigns As Smartphones Slip And Cloud Services Thrive", How Amazon, Apple, Facebook and Google manipulate our emotions, https://en.wikipedia.org/w/index.php?title=Big_Tech&oldid=1008615016, Technology companies of the United States, All Wikipedia articles written in American English, Short description is different from Wikidata, Wikipedia articles with style issues from August 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 24 February 2021, at 05:33. [38][39] BATX are among the first tech companies started in the 2000s during the Chinese tech revolution, and became widely used among Chinese netizens. The law is aimed at implementing Article 15 of the Directive on Copyright in the Digital Single Market of the European Union.[60]. In the United States (US), the "Big Four" tech companies are Google, Amazon, Facebook, and Apple, which together have the nickname "GAFA." [1] All data in the table is taken from the Fortune Global 500 list of technology sector companies for 2020[2] unless otherwise specified. In this article, we are going to list the 15 biggest tech companies in the world. An absolute shame. France imposed a 3% tax on digital revenue for large tech companies, in effect singling out the U.S. tech giants. [31] Sometimes, the Big Five are referred to as the FAAAM stocks, where the letters are rearranged and Alphabet is abbreviated using an "A" instead of a "G."[32], FAANG refers to the five prominent American technology companies: Facebook, Amazon, Apple, Netflix, and Alphabet (GOOG). Many big tech companies own a marketplace — where buyers and sellers transact — while also participating on the marketplace. The tech giants have replaced the energy giants such as Exxon Mobil, BP, Gazprom, PetroChina and Royal Dutch Shell ("Big Oil") from the first decade of the 21st century at the top of the NASDAQ stock index. [15] In particular, Facebook and Google offer almost all of their services for free.[16]. Excluding companies running index funds, Berkshire Hathaway (BRK.B, BRK.A) is Apple's single-largest shareholder, owning more than 5% of total outstanding shares. The big five tech companies are: Facebook; Amazon; Apple; Microsoft; Google; The total value of the tech giants is over $5 trillion. U.S. representative for Florida's 1st congressional district Matt Gaetz has challanged CEO of Amazon Jeff Bezos to "divorce from SPLC" due to the practice of preventing religious-liberty organizations from collecting donations because of their designation as a hate group by SPLC over their opposition to homosexuality. The term Big Tech is often broken down into more specific sub-groupings, often referred to by the following names or acronyms. "The role of technology in the economy and in our lives grows more important every day," said FTC Chairman Joseph Simons. Big Tech,[1] also known as the Tech Giants,[2] Big Five,[3] or S&P 5,[4][5][6] are the largest and most dominant companies in the information technology industry of the United States, namely Amazon, Apple, Google, Facebook, and Microsoft. Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2020. Smyrnaios argued in 2016 that the Asian giant corporations Samsung Electronics, Alibaba, Baidu and Tencentcould or should be included in the definition. We've rounded up 50 tech companies in San Francisco to keep an eye on. Along with Apple, Google, Facebook, Microsoft, and Tencent they completed the list of top ten technology companies in the world at the end of the 2010s, according to the Forbes Global 2000 list published in 2019, an evaluation based on annual sales, profit, assets, market capitalization, and overall market valuation. Alphabet (Google), Amazon, Facebook, and Apple are commonly referred to as "GAFA". This is a global list of largest technology companies by revenue, according to the Fortune Global 500.It shows companies identified by Fortune as being in the technology sector, ranked by total annual revenue.Other metrics not shown here, in particular market capitalization, are often used alternatively to define the size of a company.. Big Tech refers to the major technology companies such as Apple, Google, Amazon, Facebook and Microsoft, which have inordinate influence. It's been 20 years since the last major antitrust case against a tech company, but are Facebook, Amazon, Apple, and Google next? They shouldn't be", "What are the Four Big Tech Companies in the US? While a dominant presence in the mobile telephony marketplace, Samsung Electronics is presently dependent on the Android ecosystem, in which Google has major influence, hence Samsung is not included in the BAT formulation. Scott Galloway has criticized the companies for "avoid[ing] taxes, invad[ing] privacy, and destroy[ing] jobs",[59] while Smyrnaios has described the group as an oligopoly, coming to dominate the online market through anti-competitive practices, ever-increasing financial power, and intellectual property law. [23][25] Eric Schmidt has excluded Microsoft from the grouping, noting that "Microsoft is not driving the consumer revolution in the minds of the consumers. Image: Thomas Trutschel / getty Tech Twitch dubbed over Metallica stream, and … [31], On May 9, 2019, the Parliament of France passed a law intended to force GAFA to pay for related rights (the reuse of substantial amounts of text, photos or videos), to the publishers and news agencies of the original materials. Another variant of this acronym is "FANGAM," which includes Microsoft. ", Apple, Google and a Deal That Controls the Internet, "FTC to Examine Past Acquisitions by Large Technology Companies", "FTC's Bureau of Competition Launches Task Force to Monitor Technology Markets", "Why the Consumer Welfare Standard Should Remain the Bedrock of Antitrust Policy", "Investment Heroes 2019: Boosting U.S. Growth", "House: Amazon, Facebook, Apple, Google have "monopoly power," should be split", Investigation of Competition in Digital Markets, EU Opens Apple Antitrust Investigations into App Store and Apple Pay practices, Open Markets Examines the European Commission's Newly Announced Investigation into Potentially Anti-competitive Practices by Apple, Hearing of Margrethe Vestager 8 Oct. 2019, "We are letting Amazon and Apple 'avoid taxes, invade privacy, and destroy jobs,' says NYU professor", "Face aux Gafam, les députés adoptent le droit voisin", "Conservative groups leveraging Big Tech hearing for political change", "Trump Blames 'Big Media, Big Tech' as he Rails Against Election 'Fraud' Without Evidence", "This is what Trump told supporters before many stormed Capitol Hill", "Angela Merkel finds Twitter halt of Trump account 'problematic, "The Alt-Right Created a Parallel Internet. He also discussed horizontal concentration of power, in which diverse services such as email, instant messaging, online searching, downloading and streaming are combined internally within any of the GAFA members. The list includes companies whose primary business activities are associated with technology industry which includes computer hardware, software, electronics, semiconductor, internet, telecom equipment, e-commerce and computer services. [31], Smyrnaios argued in 2016 that GAFA combines six vertical levels of power, data centers, internet connectivity, computer hardware including smartphones, operating systems, Web browsers and other user-level software, and online services. Open Markets Institute, The Corner Newsletter, June 25, 2020, media and information technology convergence, governmental intervention against monopolies, Learn how and when to remove this template message, United States House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law, Article 15 of the Directive on Copyright in the Digital Single Market, "We're Stuck With the Tech Giants. Big tech companies generate a lot of non-price complaints . Other Chinese tech companies like Huawei, DiDi, JD.com and ByteDance started later and seek to challenge the biggest tech giants.[40][41]. Here's how big tech companies like Google and Facebook set salaries for software engineers Published Sat, Jun 15 2019 9:30 AM EDT Updated Sun, Jun 16 2019 10:00 AM EDT Kif Leswing @kifleswing And the notorious five American big tech companies, Apple, Microsoft, Amazon, Alphabet (Google), and Facebook, are proof of this phenomenon with their unrivaled supremacy over their own respective principal businesses: smartphones, office software, e-commerce, search engines, and social media. On November 5, U.S. President Donald Trump noted the "historic election interference from big money, big media and big tech" and labeled Democratic party as "party of the big donors, the big media, the big tech". Still, the potential payouts are big, given the size of the tech companies. So now today, big tech isn’t unlike everything that came before. [64][65], Alt-tech is a group of websites, social media platforms, and Internet service providers that consider themselves alternatives to more mainstream offerings. Big-tech-companies. Note: This list shows only companies with annual revenues exceeding 50 billion USD. As of 2019, Fortune lists Amazon (revenue of $232.887 billion) in the retailing sector rather than the technology sector. ", "Eric Schmidt's Gang Of Four: Google, Apple, Amazon, And Facebook – TechCrunch", "Eric Schmidt's "Gang Of Four" Doesn't Have Room for Microsoft", "Four 'MAGA' stocks are worth a combined $4 trillion. Additionally, Microsoft is also sometimes included on the list of big tech companies, which become known as the "Big Five," and are abbreviated as GAFAM. As of 2020, Fortune lists Amazon (revenue of $280.522 billion) in the retailing sector rather than the technology sector.[3]. It shows companies identified by Fortune as being in the technology sector, ranked by total annual revenue. In the 2020s, some conservatives who were banned from other social media platforms, and their supporters, began to move toward alt-tech platforms.[66][67][68][69]. [33][34] The term was coined by Jim Cramer, the television host of CNBC's Mad Money in 2013, calling these companies "totally dominant in their markets. Amazon is the dominant market leader in e-commerce with 50% of all online sales going through the platform; cloud computing, with nearly 32% market share, and live-streaming with Twitch owning 75.6% market share. Since the end of the 2000s, these five have been, besides Saudi Aramco, Tesla, and Tencent, the most valuable public companies globally,[7] with each having had a maximum market capitalization ranging from around $500 billion to around $2 trillion USD at various times. We’ve put together 50 of the best tech companies to work for in Australia – those going above and beyond the standard employer/employee dynamic to create work environments that propel careers, understand and accommodate personal commitments, and offer exciting and innovative work with the latest technologies. Technology companies have become a dominant driver in recent years of economic growth, consumer tastes and the financial markets. [62] On January 6, 2021, during his speech before the crowd of protesters stormed the United States Capitol, Trump accused big tech of rigging elections[63] and shadow banning conservatives, while promosing to hold them accountable and work to "get rid of" Section 230. ", "GAFA Approach to Digital Banking Transformation - Accenture", "Opinion | Here Come the 4 Horsemen of the Techopolypse", "Do the U.S.'s Big Four Tech Companies Have a Vision for the Future? A large majority of people see an increased need for more government regulation of big technology companies, a new global survey shows. Smyrnaios recommended developing academic analysis of the political economy of the Internet in order to understand the methods of domination and to criticize these methods in order to encourage opposition to that domination. In July 2020, United States House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law held congressional hearing of CEOs of Alphabet, Amazon, Apple and Facebook, where some members of the subcommitte raised concerns about bias against conservatives and christians. [31] For example Google and Microsoft pay to have their web search engines appear as first and second in Apple's iPhone. Smyrnaios argued in 2016 that four characteristics were key in the emergence of GAFA: the theory of media and information technology convergence, financialization, economic deregulation and globalization. [31] Together, this has been referred to as "G-MAFIA + BAT",[70] also including IBM. Amazon is additionally the market leader in the area of artificial Intelligence-based personal digital assistants and smart speakers (Amazon Echo) with 69% market share followed by Google (Google Nest) at 25% market share. Benchling’s software for research and development in the life sciences centralizes and standardizes data, offering functionality that can track workflows, analyze outcomes and model everything from sequences to cell lines.The company was founded with the mission of bringing … Commissioner Vestager explained, "fines are not doing the trick. On January 11, after Trump's Twitter account has been suspended, chief spokesman of German Chancellor Steffen Seibert noted that Angela Merkel finds Twitter halt of Trump account "problematic", adding that legislators, not private companies, should decide on any necessary curbs to free expression if speech incites to violence. "[26], A more inclusive grouping referred to as GAFAM, the Big Five, or FAAMG, defines Alphabet, Amazon, Facebook, Apple, and Microsoft as the tech giants. Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2019. [27][28][29][30] Besides Saudi Aramco, the GAFAM companies are the five most valuable public corporations in the world as measured by market capitalization. [22][23][24] Former Google CEO Eric Schmidt, author Phil Simon, and NYU professor Scott Galloway have each grouped the GAFA companies together, on the basis that those companies have driven major societal change via their dominance and role in online activities. “In an open ecosystem, you can harness third parties,” he says. After years of warily allowing companies such as Alibaba and Tencent the freedom to grow without significant interference, Beijing has signalled it does not like how Big Tech is behaving. [52] So far, it is not apparent that there has been a harm to consumer welfare and many technology companies continue to innovate and are bringing real benefits to consumers. Financial deregulation led to GAFA's big profit margins (all four except for Amazon had about 20–25 percent profit margins in 2014 according to Smyrnaios). [36], "BATX" refers specifically to the largest internet companies in China:[37] Baidu, Alibaba, Tencent, and Xiaomi. [17] Alphabet Inc., the parent company of Google, is often abbreviated using a "G" in these acronyms. Microsoft’s 5 Biggest Acquisitions: There were also two Chinese technology companies in the top ten most valuable publicly traded companies globally at the end of the 2010s – Alibaba and Tencent. [13] Commentators have questioned the impact of these companies on privacy, market power, free speech and censorship, and national security and law enforcement. Microsoft. ", "Meet China's new tech giants: Alibaba, Baidu, Tencent and Xiaomi", "Biggest Chinese tech companies: From Alibaba and Huawei to Tencent", "Facebook, Alphabet and Amazon are in a 'three-horse race' in advertising, Jim Cramer says", "Desktop Operating System Market Share Worldwide, Jan 2020", "Cloud Market Share 2019: AWS vs Azure vs Google – Who's Winning? It's time for the government to step in and regulate big tech companies, says Microsoft co-founder Bill Gates. The EU has raised the stakes in its efforts to curb Big Tech by threatening to break up companies that repeatedly engage in anti-competitive … [5] All data in the table is taken from the Fortune Global 500 list of technology sector companies for 2019[6] unless otherwise specified. Apple sells high-margin smartphones and other consumer electronics devices, sharing a duopoly with Google in the field of mobile operating systems: 27% of the market share belonging to Apple (iOS) and 72% to Google (Android). Autoregulation and the difficulty of politicians to understand software issues made governmental intervention against monopolies ineffective. [14] On the other hand, by providing free services to consumers, they remain popular. And fines are not enough because fines are a punishment for illegal behaviour in the past. This can create a … However, the antitrust law clearly distinguishes between purposeful monopolies and businesses that found themselves in a monopoly position purely as the result of business success. Together, this has been referred to as "G-MAFIA + BAT", also including IBM. See GAFA, Big Five and high tech. [31] He has argued that the current situation is the result of economic deregulation, globalization, and the failure of politicians to understand and respond to developments in technology. Other metrics not shown here, in particular market capitalization, are often used alternatively to define the size of a company. [7], Ranked by total revenues for respective fiscal years ended on or before March 31, 2018. [18] They've also been colloquially referred to as the "Big Four",[19][20][21], or as the "Four Horsemen" (after the Four Horsemen of the Apocalypse) . Some Democratic candidates running for president proposed plans to break up Big Tech companies and regulate them as utilities. [71], Aerial view of Apple Park, the corporate headquarters of Apple Inc., Cupertino, California, Microsoft headquarters (western side), Redmond, Washington, Alphabet (Google) headquarters, Mountain View, California, Facebook headquarters, Menlo Park, California, Collective term for large technology companies including Google, Amazon, Facebook, Apple, and Microsoft, Accusations of censorship and election interference. They often have less stringent content moderation policies, and some have become popular among the alt-right, far-right, and others who espouse extreme and fringe viewpoints. ", "Facebook and Google are free. While a dominant presence in the mobile telephony marketplace, Samsung Electronics is … Here's the one to own, say two experts", "Move over FAANG, here comes MAGA - The tech giants are still in rude health", "L'effet GAFAM : stratégies et logiques de l'oligopole de l'internet", "The Price of "FAAAM" - 5 Tech Stocks Now Worth Over $4 Trillion", "FANG Stocks Are Getting Their Own Index", "The Strong (FANGAM Stocks) Get Stronger! What is FAAMG? Other top recipients included Tech for Campaigns ($425,000) and Joe Biden ($387,582) and DNC ($314,427). This is a global list of largest technology companies by revenue, according to the Fortune Global 500. [8], Major personal computer, server, and mainframe hardware companies, Companies with an annual revenue of over US$3 billion, Companies with an annual revenue of over US$1 billion, Companies with an annual revenue of over US$4 billion, Companies with annual software revenue of over US$3 billion, Companies with an annual revenue of over US$10 billion, Corporate headquarters in Hong Kong, dual operational headquarters in Beijing and, List of the largest information technology companies, "Samsung Electronics Announces Fourth Quarter and FY 2017 Results", "Fast Facts: Samsung Electronics-All data as of 2016", "AMAZON.COM, INC. FORM 10-K For the Fiscal Year Ended December 31, 2017", "Amazon tops 600K worldwide employees for the 1st time, a 13% jump from a year ago", "HON HAI PRECISION INDUSTRY Financial Statements", "Foxconn Technology Group: global revenue 2005-2017 | Statistic", "Alphabet Inc. 2017 Annual Report Form (10-K)", "Alphabet Announces Fourth Quarter 2017 Results", "Huawei's 2017 Annual Report: Solid Performance and Lasting Value for Customers - Huawei Press Center", Dell Technologies 2018 Form 10-K Annual Report, Largest financial services companies by revenue, Largest manufacturing companies by revenue, Largest information technology companies by revenue, Public corporations by market capitalization, The rich get richer and the poor get poorer, Socialism for the rich and capitalism for the poor, Category:Information technology consulting firms, https://en.wikipedia.org/w/index.php?title=List_of_largest_technology_companies_by_revenue&oldid=1008606859, Lists of information technology companies, Creative Commons Attribution-ShareAlike License, This page was last edited on 24 February 2021, at 04:23. Big tech dominates the index", "Most Valuable Companies in the World - 2020", "Apple becomes first U.S. company to reach a $2 trillion market cap", "Why Congress's antitrust investigation should make Big Tech nervous", "DOJ To Wrap Up Probe Into Big Tech In 2020", "The DOJ's latest probe erased $33 billion from Amazon, Apple, Facebook, and Google | Markets Insider", "Is Margrethe Vestager championing consumers or her political career? Approx. Apple limits the ability of banks and other financial institutions to use the iPhones' near field radio frequency technology. The first investigation focuses on issues including whether Apple is using its dominant position in the market to stifle competition using its Apple music and book streaming services. A lot of Big Tech companies have chosen the latter through what Van Alstyne calls the inverted firm, a model where the company’s focus shifts from producing value within to producing value outside of the firm, encouraging others to create on their behalf. The second investigation focuses on Apple Pay, which allows payment by Apple devices to brick and mortar vendors. With a history rich in commerce and innovation, it’s no wonder Dallas is also currently home to a myriad of tech companies and startups influencing a variety of industries For a quick look at the … [61] U.S. representative for Ohio's 4th congressional district Jim Jordan raised concerns about the impact big tech censorship can have on results of the 2020 USA presidential elections. [7] Nikos Smyrnaios justified the GAFAM grouping as an oligopoly that appears to take control of the Internet by concentrating market power, financial power and using patent rights and copyright within a context of capitalism. "[49][50], The spirit of the antitrust law is to protect consumers from the anticompetitive behavior of businesses that have either monopoly power in their market or companies that have banded together to exert cartel market behavior. In fact, big tech isn’t really a thing at all. The largest and most intellectual-property-rich 10% of companies – Apple, Microsoft, Cisco, Oracle and Alphabet (Google’s parent company) among them – controlled 80% of this hoard. Smyrnaios argued in 2016 that the Asian giant corporations Samsung Electronics, Alibaba, Baidu and Tencent could or should be included in the definition. Whο are the big five tech companies? Microsoft made its big move 2016 to buy LinkedIn for $26.2 billion, and it’s the most sizable acquisition by any of the Big Five tech companies. number of NYC job openings, so you can see to what degree the top NYC tech companies are hiring (as well as some typical open roles) Here are the 30 best tech companies to work for in NYC in 2019: Best Enterprise Tech Companies (>1,000 Employees) Slack. Microsoft continues to dominate in desktop operating system market share (Microsoft Windows)[45] and in office productivity software (Microsoft Office). According to Smyrnaios, globalization has allowed GAFAM to minimize its global taxation load and pay international workers much lower wages than would be required in the United States. The World Wants More Tech Regulation. Social media companies that censor users or remove posts for ideological reasons could soon face fines in Poland, in a world-first attempt to curb the power of Big Tech through legislation.
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