Father of Web says tech giants may have to be split up

Record ID: 1362666

  • Title: Father of Web says tech giants may have to be split up
  • Date: 1st November 2018
  • Summary: WASHINGTON, D.C., UNITED STATES (FILE - APRIL 11, 2018) (UNRESTRICTED POOL) FACEBOOK CEO, MARK ZUCKERBERG, LISTENING WHILE BEING QUESTIONED ON CAMBRIDGE ANALYTICA BY CONGRESS
  • Embargoed: 15th November 2018 05:07
  • Keywords: Tim Berners Lee inventor of World Wide Web internet regulation Twitter Facebook hate Cambridge Analytica
  • Location: LONDON, ENGLAND, UNITED KINGDOM / GENEVA, SWITZERLAND / MENLO PARK AND SAN FRANCISCO, CALIFORNIA AND WASHINGTON D.C., UNITED STATES / UNKNOWN LOCATION, INTERNET
  • City: LONDON, ENGLAND, UNITED KINGDOM / GENEVA, SWITZERLAND / MENLO PARK AND SAN FRANCISCO, CALIFORNIA AND WASHINGTON D.C., UNITED STATES / UNKNOWN LOCATION, INTERNET
  • Country: United Kingdom
  • Topics: Information Technologies / Computer Sciences,Science
  • Reuters ID: LVA00594OBPZB
  • Aspect Ratio: 16:9
  • Story Text: EDITORS PLEASE NOTE: THIS EDIT CONTAINS FLASH PHOTOGRAPHY
    Silicon Valley technology giants such as Facebook and Google have grown so dominant they may need to be broken up, unless challengers or changes in taste reduce their clout, the inventor of the World Wide Web told Reuters.
    The digital revolution has spawned a handful of U.S.-based technology companies since the 1990s that now have a combined financial and cultural power greater than most sovereign states.
    Tim Berners-Lee, a London-born computer scientist who invented the Web in 1989, said he was disappointed with the current state of the internet, following scandals over the abuse of personal data and the use of social media to spread hate.
    "What naturally happens is you end up with one company dominating the field so through history there is no alternative to really coming in and breaking things up," Berners-Lee, 63, said in an interview. "There is a danger of concentration."
    But he urged caution too, saying the speed of innovation in both technology and tastes could ultimately cut some of the biggest technology companies down to size.
    "Before breaking them up, we should see whether they are not just disrupted by a small player beating them out of the market, but by the market shifting, by the interest going somewhere else," Berners-Lee said.
    Apple, Microsoft, Amazon , Google and Facebook have a combined market capitalisation of $3.7 trillion, equal to Germany's gross domestic product last year.
  • Copyright Holder: POOL (CAN SELL)
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