How the tech giants make money by Cesar-Lee Cazcarra Colombies

How the tech giants make money by Cesar-Lee Cazcarra Colombies https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t by cesar, guille and joaquina en-us 2022-01-21 11:52:12 UTC 2022-04-01 10:32:22 UTC hello@padlet.com https://padlet.net/icons/png/1f47e.png How do tech giants make their billions? cesarleecazcarra https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2004912678 Joaquina
Main idea
5 of the richest tech companies make over 800 billion dollars per year. That is more money than Saudi Arabia revenue

Arguments
-This is due to advertising
-We make the money of these companies

Dialog:
We feel that this sort of media manipulates us in order to buy things to make rich people richer

Summary:
At a glance, it may seem like the world’s biggest technology companies have a lot in common.

For starters, all five of the Big Tech companies (Amazon, Apple, Facebook, Microsoft, and Alphabet) have emerged as some of the most valuable publicly-traded companies in the world, with founders such as Jeff Bezos or Bill Gates sitting atop the global billionaire list.

APA: Desjardins, J. (2021, June 15). How the Tech Giants Make Their Billions. Visual Capitalist. Retrieved from https://www.visualcapitalist.com/how-tech-giants-make-billions/

]]> 2022-01-21 12:34:23 UTC https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2004912678 General information cesarleecazcarra https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2004924338 2022-01-21 12:43:45 UTC https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2004924338 Opinions in favour cesarleecazcarra https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2004924886 2022-01-21 12:44:07 UTC https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2004924886 Opinions against cesarleecazcarra https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2004925457 2022-01-21 12:44:32 UTC https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2004925457 How the tech giants make their billions ? cesarleecazcarra https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017718363 Cesar
Main idea
Initially, you might think that the world is being dominated by technology giants. Indeed, it may seem like the world’s biggest technology companies have a lot in common, well not all is as you would think.

Arguments
-You Are The Customer And You Are The Data
-You Are The Product – It’s Your Data

Dialog
our feeling about this article is that technology is everywhere and you are the consumer for amazon or apple but also the product for social media, so they get constantly richer.

Summary
The Big Five Tech companies (Amazon, Apple, Facebook, Microsoft, and Alphabet) have become established as some of the most valuable publicly-traded companies in the world, with founders such as Jeff Bezos or Bill Gates hitting the top spot on the global billionaire list.

Most of the tech giants have millions if not billions of people using their platforms globally. These companies have created the scale and size of businesses that make it hard for others to compete. There are few if any companies now that could scale to the same size and offer the same breadth of products as Amazon.

Each of the big tech companies has one thing in common though. They all leverage user data to create personalised and tailored services. In fact, many handle our most sensitive data on a daily basis. At the same time, this data is a double-edged sword, as these same companies often find themselves in the crosshairs for mishandling personal information.

So while the tech giants may have many similarities, how they generate their billions can vary considerably.

Some are marketing products to you, while others are marketing you as the product.

Fox, G. (2020, May 1). How The Tech Giants Make Their Billions. GARY FOX. https://www.garyfox.co/how-tech-giants-make-billions/

]]> 2022-01-28 11:32:03 UTC https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017718363 How much revenue do tech giants like Amazon and Apple make per minute guillemdengra https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017734363 Guillem
Main idea
Even though the growth of Covid has affected most of the companies in the world. The tech giants had remained the same or even better in revenue making their profits increase greatly and surpassing records.

Arguments
-The profit that each company gained in a quarter of the year increased thanks to the obligation of buying online because of the pandemic.
-Elon Musk gain the title of reachest person in the world thanks to the revenues gained in January 2020 because of the pandemic effect in the economy.

Dialog
Our feeling about these is that the world will get more isolated with time passing making tech companies become wealthier and more famous.

Summary
Tech companies got richer within the time that covid was around the world. Making them greater at the charts of the world's richest companies and concluding that tech businesses are becoming the leaders of commerce and economical matters leaving others to get lower on sales and purchases making them useless in the future as a possible occurrence.

APA
Tom, H. (2021, May 1). How much revenue do tech giants like Amazon and Apple make per minute. Retrieved from https://www.cnbc.com/2021/05/01/how-much-revenue-tech-giants-like-amazon-and-apple-make-per-minute.html ]]> 2022-01-28 11:46:28 UTC https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017734363 How technology giants manipulate our behaviour cesarleecazcarra https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017735208 Cesar
Main idea
Tech giants such as apple, amazon or facebook manipulate our behaviour with some designs like likes, swipes, notifications and autoplays. They make being on-line more addictive, less autonomous, and cause pyschological and social harm

Arguments
-Former Google employee Tristan Harris says that all of our minds are “jacked into the system” and “all our minds can be hijacked. We are not as free as we think we are”.
-Tech companies can exploit such information to keep people hooked: manipulating, for example, when people receive ‘likes’ for their posts, ensuring that they arrive when an individual is most likely to feel vulnerable.

Dialog
As teens who use social media daily, we completely agree with what we read and found the video linked very interesting.

Summary
Apple, Facebook and Google have incorporated design features into their mobile devices that make them addictive. Former Google employee Tristan Harris says that all of our minds are "jacked into the system". The Red Notification Icon exploits the psychological susceptibility that makes gambling so compulsive – variable rewards. The pull-down to refresh was originally designed in 2009, and has since become one of the most widely emulated features in apps. Justin Rosenstein designed the like feature for Facebook in 2007 – to create a means to send 'little bits of positivity at the click of a button', creating what he now calls 'bright dings of pseudo-pleasure'.

'Likes' were wildly successful, and hence they spread to a range of other social media platforms, and now it is the short-term pleasure of this social affirmation that is one of the features which drives people to touch, swipe or tap their phone more than 2500 times a day. Technology may be contributing to so-called 'continuous partial attention' – in the attention economy (driven by the needs of advertisers) – everyone is distracted most of the time. This prevents us from getting things done, the opposite of what technology was intended to do. The attention economy thrives on a 'sensationalise, bate and entertain' logic and as a result the media is now is more than ever biased in favour of that which is sensationalist and entertaining. People like Donald Trump do well in this environment because they are good at grabbing attention with their simplistic, emotional and extremist views.

Thompson, A. K. (2017, October 28). How Technology Companies Manipulate our Behaviour. ReviseSociology. https://revisesociology.com/2017/10/28/how-technology-companies-manipulate-our-behaviour/]]> 2022-01-28 11:47:17 UTC https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017735208 Pros And Cons of Breaking Up Big Tech Companies guillemdengra https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017737624 Guillem
Main idea
Percentages of success tell that breaking down the tech giants will allow them to duplicate their value because of the creation of tiny sub-companies coming from the same mastermind.

Arguments
3 main points of improvement are stated:
-As we already said, companies could transform into small businesses increasing the opportunities for improvement. Making them fair trade sources of power that could trade without problems.
-It is questioned the ability of giant tech companies to assure the safeness of each member's data making it not very trustworthy. This makes big techs' pressure get bigger because of the need to increase users' privacy.
-Big tech can open a doorway into the government's, military, or intelligence operations. A regulation on the outreach can minimize the cyberattacks some powerful entities such as the national security systems receive.

Dialog
It is true that some improvements could have been done to the companies considered as tech giants but it is crucial to take into consideration that the reputation of those affects the possibility to change after installing already in the people concepts.

Summary
The main worry on people's minds is to get their information hacked via their account on a network. It is said that when breaking up big companies, the security of databases becomes greater, reducing the possibilities of data breaches into the files of the network. This could be a clear remedy regarding the emerging lack of privacy that some tech giants such as the Facebook face.
Not only privacy of the average people are in danger when adding to a social network but also the possibility of hackers breaking having great doorways into the security systems of power sources such as government, laboratory, or even military. For months, Russian hackers gained visibility into staff emails sent via Microsoft Office 365 at the National Telecommunications and Information Administration (NTIA).
Last but not least, the job opportunities that are presented when breaking up giant companies are huge. One way to ensure fair trade across industries is to avoid Big Tech from entering adjacent markets. Also preventing Big Tech from getting bigger.

APA
Praharsha, A. (2021, March 5). Pros and Cons of Breaking up big tech.
Retrieved from https://www.itpro.com/data-insights/big-data/358795/pros-and-cons-of-breaking-up-big-tech ]]> 2022-01-28 11:49:25 UTC https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017737624 Tristan Harris guillemdengra https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017763944 Joaquina
Main idea
Facebook uses its algorithm to show people negativity, which normally gets a more loaded reaction and gets more interaction, providing more profit for the app. This app completely controls everything that reaches us, so it can take things out of context and make people form uneducated opinions, making people hate one another

Arguments
-Facebook purposely forms body dysmorphia and eating disorders in teenagers with the algorithm.
-Politics are often forced to use negativity and get into conflicts with their rivals to spread their ideology because it's one of the only things the algorithm will show people, even if they didn't want to in the first place.

Dialog
As teenagers, we should be well informed about how the platforms we use work and never get into the internet which could have been a misunderstanding or could lead to the more serious stuff. The internet can be brainwashing and it's important to not take things out of context and be conscious about what happens in the social media we use.

Summary
People need to find a way of not being so controlled by the media without creating a dystopian no internet supervised society, they need to search for a balanced 3rd option that allows a non manipulated healthy social media environment.

APA
Tristan Harris - Facebook & Rethinking Big Tech | The Daily Show. (2021, October 6). [Viedo]. Youtube. https://www.youtube.com/watch? v=YurYAnzirsxw&ab-channel= TheDailyShowWithTrevorWithNoah.]]> 2022-01-28 12:13:33 UTC https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017763944 People think tech giants have too much power cesarleecazcarra https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017769218 Cesar
Main idea
77% of tech employees think that apple, amazon,google and facebook have too much power.

Arguments
-40% percent of them go even further by saying that technology giants cause more harm than good

Dialog
Our thoughts reading this was very frightening because the own workers of the companies saying that their own employers are harmful is not very reassuring.

Summary
A survey of 1,500 tech employees found that 77% think that Apple, Amazon, Google, and Facebook have too much power. Only 8% disagreed, and 40% believe that tech does more harm than good. More than 68% want their companies to partner with or be acquired by a Big Tech player, and three quarters said Big Tech companies should be allowed to acquire other firms. Just over 40% think the tech giants should be broken up.

Lovejoy, B., & Lovejoy, B. (2021, March 15). 77% of tech employees think Apple, Amazon, Google, and Facebook have too much power. 9to5Mac. https://9to5mac.com/2021/03/15/tech-employees-survey/]]> 2022-01-28 12:17:56 UTC https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017769218 Pros And Cons of Breaking Up Big Tech Companies guillemdengra https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017790772 Guillem
Main idea
Breaking up tech giants will involve the loss of innovation since the ideas will get narrower and the gap for development will reduce significantly. Other factors involved are damaged because these ideas make them vanish away from the expert's sense of improvement.

Arguments
-Investments all over the tech companies have improved the utility of AI (artificial intelligence). Thanks to them, remarkable progress has been made in vehicles, wearables, robots, and more. Breaking companies such as amazon would mean sacrificing this ambition of knowledge and understanding of technology.
-If a broke up would ever be done, consumers will eventually choose a single social network making it seem as it would never have been breaking up, leaving up the other related ones to become isolated and never get a chance to impact the population.
-It is believed that a break up of tech giants would lead to a dip in prices. However, experts point out this may be a myth causing economical problems. After a split, a fair market would be established that would cause small businesses to get a range of competition between them, since the startups can't gain much profit for it, they will eventually increase the cost of digital services, including text messages, emails or even research of information.

Dialog
Our point of view relates to these arguments since they seem solid and have an established objective. Making clear the non-sense of breaking up giant tech companies such as Apple or Amazon.

Summary
Tech giants should get dispersed since it would cause them serious problems as well as influence the economical sectors that are involved. A noticeable decrease of constant development would get ahead as well as the difficulty to make technology a source of evolution for humanity. As the years passed, people would stop thinking of ideas that could increase the efficiency of their work or even ours, making a hole that would get technology to its end.
It would also be useless to divide these companies since after people get used to one of them, the surroundings will get noticed and so that they face the same type of mechanism, they will all end up using the same service again, undoing the break-up that had been accomplished.
Finally, research clarifies the increase of incomes that the population would suffer if this method was used. This would be because of the lack that small companies have them to have access to affordable methods of technology such as messaging or exploring, leading them to a unique solution, get incomes every time someone sends a text message or even phone calling its friends/family.

APA
Praharsha, A. (2021, March 5). Pros and Cons of Breaking up big tech.
Retrieved from https://www.itpro.com/data-insights/big-data/358795/pros-and-cons-of-breaking-up-big-tech

]]> 2022-01-28 12:36:00 UTC https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017790772 “The ideal solution is really somewhere in between, continuing to have companies create value, but taking into consideration the European approach of fair allocation,” guillemdengra https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017792345 Van Alstyne , Quote]]> 2022-01-28 12:37:27 UTC https://padlet.com/cesarleecazcarra/yoxoptrat0y2we4t/wish/2017792345