Image:
William de Gale of BlueBox Asset Management
An investor, a regulator and US President Donald Trump walk into a bar. The barman asks them: "What is your opinion of Big Tech?"
The investor says: "I love Big Tech: the FAANGs have netted me double-digit returns in the last few months alone!" The regulator says: "They are too big and do not pay enough tax. Big tech needs to be broken up!" Trump says: "I do not like those guys. They are always so MEAN to me!" Aside from being mildly amusing, this skit illustrates two things. First, big tech is at the centre of everybody's attention right now - from politicians, regulators and investors to concerned parents and their zombie-eyed children. Secondly, Big tech divides opinion. On the one hand, these are som...
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