Facebook, Amazon and Other Tech Giants Tighten Grip on Internet Economy

Today we are in a new phase of growth in industries as technology is expanding. Technology industries: Facebook, Amazon, Google, Microsoft, and Apple have grown into a 'tech giant' controlling the the internet economy.

These online sights earn much value as they have the money to develop improved services to their customers. Since these companies first started their brand they have seen huge market value increase as they have a high volume audience and strengthen their business. These giants seek rivals and join with smaller tech companies to collaborate for future ideas and the business aspect in itself.

Evolving markets will always drive innovation. Each industry is build up with a target market, and study their competitors and customers to create new ideas. Consumers will always ultimately benefit and these giant companies are tightening the technology field for new competitors.