Question

Big Tech' companies brings us many good things, but, what are some of the potential downsides of these players and the influence they exert?

Group of answer choices (can choose more than one)
A.They are fundamentally financially profit driven and do not necessarily have the best interests of greater society in mind
B.I can often use the services for free and get really useful information
C.There is the potential for an oligarchy or outright monopoly to form over critical societal services
D.We might get bored of them i.e., same logos, colours, yawn
E.They can assert an inordinate influence over the political and economic system

Answer 1

The potential downsides of 'Big Tech' companies and the influence they exert include prioritizing financial gain over public interest, exerting inordinate political and economic influence, and the potential formation of an oligarchy or monopoly.

Step-by-step explanation:

The potential downsides of 'Big Tech' companies and the influence they exert include:

1. They are fundamentally financially profit driven and do not necessarily have the best interests of greater society in mind. This means that their decisions and actions may prioritize their own financial gain over the well-being of the public.
2. They can assert an inordinate influence over the political and economic system. Due to their size and influence, these companies have the power to shape policies and decisions that affect society as a whole.
3. There is the potential for an oligarchy or outright monopoly to form over critical societal services. This lack of competition can stifle innovation, limit consumer choices, and result in a concentration of power in the hands of a few companies.

It is important to recognize the potential downsides of 'Big Tech' companies while also acknowledging the positive aspects they bring. It is crucial for society to find a balance between the benefits and the potential harms of their influence.