Column Thriving amidst the pervasive chaos of 2020, the world’s largest technology companies - the FAANGs*, as we’ve come to know them - have managed to grow larger, richer and more powerful.
That’s wonderful for shareholders, but quite a problem when it comes to the relations between these new superpowers and the nations they operate within.
Multinational entities always exploit their capacity to play nations off against one another in search of tax breaks or favourable regulatory environments. This zero-sum strategy means each FAANG win equals a loss for a national government - and governments tend to hold grudges. Tally up enough black marks, and even a trillion-dollar business might find itself in a fight for its life.
It certainly seems as though the knives are out for two of the FAANGs - Facebook and Google. In the US, the Department of Jus ..
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