Interesting tidbit: they mention GAFA (Google, Apple, Facebook, Amazon), a term I had never heard.
I knew FAANG (+Netflix) but maybe the scope is different, or Netflix is the odd one out for whatever reasons...
I knew FAANG (+Netflix) but maybe the scope is different, or Netflix is the odd one out for whatever reasons...
Here is one of my favorite qoutes: "In terms of competition, GAFAM has the power to buy up all up-and-coming innovative companies and thus prevent competition from being dethroned (as competition becomes a subsidiary). This situation is often denounced by the European Union , notably by its Competition Commissioner Margrethe Vestager."
It even coined the term NATU for Netflix, Airbnb, Tesla, and Uber.
That being said, it's up to Europe to compete and offer meaningful alternatives to these companies.