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by peterwwillis
2833 days ago
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Where'd you get that number? Google made 109 billion last year, not 800. Alphabet made 110 billion. Amazon made 177 billion. In comparison, Facebook made just 40 billion in revenue, but more people get their news from Facebook today than anywhere else. So really it's Facebook that's let the genie out, and they didn't need to be the wealthiest corporation or a monopoly to do it. These are large corporations made up of lots of people and represent a wide array of shareholders' concerns. But individual billionaires also own media companies, and thus can have greater personal influence on what is expressed through those companies. https://www.forbes.com/sites/katevinton/2016/06/01/these-15-... |
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