Web Monopolies

Threats and competition

Some things to think about.

The biggest threat to all of these companies are themselves. Although they own the monopoly, there can only be one. These three companies constantly endanger each other to overthrow each other to take the number one spot.

Who are the Web Monopolists?

Can you think of any other monopolies as big as the ones I mentioned?

To give you a hint, think of companies who have become verbs.

"Hey, don't know it? Google it!"

"Oh nice to meet you, Facebook me and we'll keep in touch"

"Hey can you Amazon me something?

How did they become first of their class?

Facebook

By providing services and first-class customer service, these companies have made a digital footprint that impacts our everyday lives. Most importantly, they constantly adapt to successfully market themselves with the help of technology. Coupled with the internet, these monopolists have gained an advantage that make it close to impossible for other companies to follow in their footsteps.

Biggest social media platform

Founded in 2004 by CEO Mark Zuckerberg. Includes a profile, online communication like email, instant messaging and so on. Facebook has also joined forces with app developers to let their users play games with one

another.

What are Web Monopolies?

Conclusions

Amazon

Founded in 1994 by Jeff Bezos

e-Commerce company.

Provides many services and unparalleled customer service that has won their place on the internet. They also give back to smaller companies by giving them opportunities to sell their products through Amazon.

Constant innovation of technology

has always played a critical role for companies to survive in this digital era. Technology does not cease to stop and with new developments these companies but continue to adapt quickly. They have leveraged the internet, something we we all love and value to their advantage which makes them accessible by everyone.

Works Cited

The topic of choice involved three indispensable companies that own the internet monopoly. These are the typical go-to companies that have higher priority than others. They have become a part of our lives that continue to make our lives easier.

“Competitive Threats to Google, and What They Mean for You.”

Search Engine Land, 25 May 2016, searchengineland.com/competitive-threats-google-means-249772.

Dwyer, Paula. “Should America's Tech Giants Be Broken Up?” Bloomberg.com, Bloomberg, 20 July 2017, www.bloomberg.com/news/articles/2017-07-20/should-america-s-tech-giants-be-broken-up.

Ehrlich, Ev. “Break up the Google-Facebook-Amazon Web Monopoly.” USA Today, Gannett Satellite Information Network, 19 Oct. 2017, www.usatoday.com/story/opinion/2017/10/19/google-facebook-amazon-time-to-break-up-web-trusts-ev-ehrlich-column/759803001/.

Hartmans, Avery. “15 Fascinating Facts You Probably Didn't Know about Amazon.” Business Insider, Business Insider, 9 Apr. 2017, www.businessinsider.com/jeff-bezos-amazon-history-facts-2017-4.

Smith, Noah. “Monopolies Are Worse Than We Thought.” Bloomberg.com, Bloomberg, 15 Feb. 2017, www.bloomberg.com/view/articles/2017-02-15/monopolies-are-worse-than-we-thought.

Implications

Companies that have lost to these monopolists have a harsh future ahead of them. These have heavily outperformed companies that have provided the exact same service. For example, Google: Ask, Yahoo, Altavista; Facebook: Myspace, xanga; Amazon: FedEx

Google

Founded in 1998 by

Larry Page;Sergey Brin

They created a multinational corporation that provides internet services such as

- Cloud Computing

- Search Engine

- Software / Hardware

Web Monopolies