India recently imposed a record fine of Rs. 136 crore on Google for discriminatory search which was only a real small hit to Google. But the issue is much bigger for India and every other country (with the exception of USA as these companies are based there) who face serious threats from all the major technology companies – Facebook, Amazon, Google and Apple.
1) Through our smartphones and our apps they seem to monitor all our citizens and even try to influence their social and political preferences,and they try to crush competitive businesses. The read our texts and emails and track our movements and habits, what we say and to who we talk to. Due to our searches they know our likes and dislikes. Even facial recognition is starting to learn more about us. All this data which tech companies consider so valuable is likely stored and analyzed overseas without our permission.
2) Indian regulators need to consider if these companies have become technology monopolies. These silicon valley tech moguls have admitted that they copy or steal from competitors, and if all else fails, they acquire them.
3) Look at Amazon – it is practically moving into all industries and destroying all competition – in India also, as is Uber doing..
India must learn from China – either we must restrict or shut these tech companies and allow our own startups to form, thrive and grow. Else, very soon we will be controlled by these non-India tech companies who want to be masters of the world or acting on behalf of their own governments.
- 14 Feb 2018
Nupur Dave, originally from India who had worked for Google for over ten years called it quits and returned to India. Nupur claims to have a good job and good team, but… a big but was she was growing increasing unhappy with silicon valley. She was single with not time for single life, nearly 2-3 hours commute each day, and the extreme cost of living did not allow her to buy her own house. All this, the growing loneliness and life away from her family caused her to become sadder and sadder. She took the brave decision to call it quits and return to India where she has truly found happiness.
Source: Yahoo Finance
- 20 Mar 2017