finance.yahoo.com/news/alan-patricof-google-facebook-amazon-111457565.html
In a new interview with Yahoo Finance, venture capital pioneer Alan Patricof contends big tech companies such as Facebook (FB), Google (GOOG, GOOGL), and Amazon (AMZN) have become too powerful for their own good.
“Some people might even call them quasi-monopolies,” Patricof said during an interview with Yahoo Finance Editor-in-Chief Andy Serwer that aired Thursday afternoon. “You know, our definition of what’s a monopoly and what’s anti-competitive maybe has to change from what it was in the early 1900s, when we passed the original acts to protect businesses against competition against monopolies.”
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