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Le Matin – 2020, a pivotal year for the tech giants


The #Covid-19 pandemic, by accelerating the digital transition, has devoted the omnipotence of the tech giants to billions of daily users, but also sounded the awakening of #States in the face of their grip.

#Meetings on #Zoom, searches on #Google, purchases on #Amazon, exchanges on #Whatsapp and parties in front of #Netflix: already in a position of strength before the epidemic, the #American #Gafam (#Google, #Amazon, #Facebook, #Apple and #Microsoft) and the #Chinese #Batx (#Baidu , #Alibaba, #Tencent and #Xiaomi) have become ubiquitous during the year 2020.

These “superstars” of platform capitalism “gave the feeling, in this world where so many things which seemed solid are today weakened, to be above ground and even invincible”, summarizes the economist #Joëlle #Toledano, professor in #Paris -Dauphine.

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#Even more than economic – #Google is suffering from a slack in the advertising market, #Booking.com is suffering from the cessation of tourism, etc. – their triumph is financial.

#While states spend trillions to avoid serial bankruptcies and mass unemployment, the stock market value of #Gafams continues to swell: they now weigh nearly $ 8 trillion on the stock market – more than three times the GDP from #France – up from just over 2,000 billion five years ago.

#Since #January, their prices seem to be doped by the #Covid: + 35% for #Facebook, + 67% for #Amazon, + 68% for #Apple. #What about #Zoom, created in 2011 by a #Californian engineer, whose shares jumped 600% in 2020? #Airbnb whose share doubled in value on the day it was floated on the stock market?

#For their part, long confined to the local market, #Chinese applications are beginning to spread throughout the world: #TikTok, of course, but also SHEIN (clothing) or #Likee (videos).

#But the year 2020 also sounded the awakening of the #States, which want to put a brake on the frantic expansion, with hundreds of acquisitions, of these conglomerates of the new millennium.





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https://lematin.ma/express/2020/2020-annee-charniere-geants-tech/350444.html

##Matin #pivotal #year #tech #giants

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