Big Tech

Credit Implications of The Digital Markets Act

Credit Implications of The Digital Markets Act

9 min readIntroduction On March 7th, 2024, the European Commission (EC) began enforcing the Digital Markets Act (DMA), one of the most sweeping antitrust policies for Big Tech to date. Yet despite the broad scope covered under the legislation, the market reaction was relatively muted. This suggests a belief that the companies’ operational changes proposed to comply…

Antitrust Anxiety Part 2

Antitrust Anxiety Part 2

7 min readRevisiting Big Tech’s Legal and Regulatory Challenges Through an era of unprecedented volatility, driven by a pandemic, war, and bank failures, Big Tech legislation has remained a constant. Almost two years ago, we published our blog Antitrust Anxiety: The Long Road to Big Tech Reform that explored lawsuits against Big Tech, pending legislation, and some…

War Chest: Exploring the Cash Holdings of Big Tech

War Chest: Exploring the Cash Holdings of Big Tech

6 min readIt’s no secret that tech giants enjoy healthy profits, but less well known is just how much cash these cash cows have. At the end of 2021, Big Tech (Apple, Alphabet Inc., Amazon, Microsoft, and Meta) held a combined $476.7 billion of cash, cash equivalents, and marketable securities. To put that into perspective, this is…

Antitrust Anxiety: The Long Road to Big Tech Reform

Antitrust Anxiety: The Long Road to Big Tech Reform

6 min readCo-authored by: Alexander Goldman In June of 2019 the House Committee on the Judiciary launched an investigation into whether Silicon Valley had fallen under the grip of a few large gatekeepers that have come to control key areas of e-commerce. A sixteen-month examination of key players’ market dominance, primarily focusing on Apple’s, Google’s, Amazon’s, and…

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Made in China No More: How the coronavirus is forcing a rethink of the global tech supply chain

6 min readThe global tech supply chain is about to be turned upside down. Tensions between the U.S. and China, heightened in a two-year-long trade war, were already instigating conversations regarding relocating and reconstructing the supply chain. Now that the coronavirus has further exposed the limited geographic diversity and concentration levels in the supply chain, it is…