Tech workers agree that tech giants are very powerful

(For a quick snapshot of the top 5 tech stories, subscribe to our today’s Cash Newsletter. Click here to subscribe for free.)

According to a poll by Politico’s new media company, Silicon Valley’s powerful CEOs don’t talk much on behalf of their employees, who find themselves with the senior leadership of their companies. Make a contract.

Make a contract More than 1,500 technical staff were surveyed across the US, ranging from C-suite executives to associates, and more than 40% of respondents with more than 1000 employees with annual revenues of more than $ 500 million in large technology Worked in companies.

About 80% of tech workers agreed that the tech industry is “very powerful”, especially Big Tech players including Amazon, Google, Facebook and Apple. About 40% also believed that technology does more harm than good, indicating that fear of the negative impact of technology also thrives within the industry.

However, despite these concerns, technical staff do not see antitrust enforcement as a solution, according to the survey. More than 68% of people want their companies to partner with or acquire a Big Tech player, and one of the respondents stated that these tech giants should be allowed to buy other firms.

Also read Microsoft to join US hearing on technical dominance of news outlets

Tech giants – Amazon, Apple, Google and Facebook – are at loggerheads with antitrust regulators in several countries, investigating mergers and allegedly anti-competitive behavior.

Section 230, which rules the modern Internet, is disputed by industry experts and companies. Surprisingly, only 62% of technical staff stated that they know what Section 230 is, and 65% of these employees agreed that tech companies should not be held liable for content on their sites and products. This indicates that these employees agree that improvements are needed, but are not sure how this can be done, the survey noted.

The Trump administration had enforced strict trade restrictions and banned Chinese social media apps amid numerous controversial attempts to curb Chinese dominance. These measures badly affected American tech companies that relied heavily on China for their manufacturing capabilities.

More than 55% of technical staff surveyed said they feel that US sanctions on Chinese tech companies have “gone too far”. In addition, more than 60% of people also agreed that US tech companies should work closely with Chinese tech companies.