How to make 2 trillion dollars
To make two trillion dollars, gather an astronomical amount of data and mix it with a good dose of deregulation. Add a pinch of lobbying and avoid competitors emerging at all costs.
The recipe has worked well for some companies in the technology sector. In 2020, a year that punished businesses and families so hard, the market value of Silicon Valley’s five biggest groups rose from 4.93 trillion dollars to 7.2 trillion, an increase of more than two trillion (2,000,000,000,000).
But seeing what happens on the internet nowadays, it is hard not to think that the digital world needs some kind of reform.
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AI translation from the Portuguese. First published in ECO on 17 December 2020.