Competition Is Alive And Well For Big Tech Companies (From RealClearMarkets)

It is becoming increasingly common for regulators, politicians, and activists of both parties to take shots at America’s largest and most successful technology companies (“Big Tech”), charging them with having undue market power and facing little or no competition. The characterizing terms kings, oligarchs, monopolists, and others are cavalierly thrown around.

The reality is far different.

At the end of each fiscal year, public companies must file a 10-K annual report with the U.S. Securities and Exchange Commission, providing a comprehensive overview of their business and financial condition. This is an essential, no-nonsense document for investors and those considering investing in a company. It must also meet the highest legal standards for accuracy.

The fiscal year 2024 10-Ks for Amazon, Alphabet (Google), and Meta (Facebook) each discuss in detail the numerous, formidable competition threats these companies face. Paul Steidler discusses this in an Op-Ed in RealClearMarkets here.