Amid the coronavirus pandemic, Big Tech has offered a lifeline to consumers to stay connected and get needed goods and services. Tech firms "have built up some goodwill and people are thankful for these services," said Bob O'Donnell of Technalysis Research. - Focus on Congress -The spotlight is likely to be on an unprecedented antitrust hearing Monday in Congress featuring the top executives of Apple, Amazon, Facebook and Google. O'Donnell said recent events have shown the power and influence of the Big Tech firms and that "there's clearly going to be more scrutiny, and deservedly so." "Without that shift in regulatory approach, all that's likely to happen are a series of large fines, rather than a breakup of Big Tech," he said.

Source: Bangkok Post July 22, 2020 04:07 UTC