FOX Business' Stuart Varney weighs the pros and cons of Big Tech and its impact on peoples lives.<\/p>\n
FOX Business'Stuart Varney, during his latest \"My Take\" on\"Varney & Co.,\"reflected on Big Tech and the impact it has on peoples daily lives.<\/p>\n
STUART VARNEY: Big Tech gets a lot of criticism: Too powerful, they squash competition, too much money, they censure free speech.<\/p>\n
VARNEY: WELCOME TO 'TAX THE RICH WEEK'<\/p>\n
They are indeed dominant and the attacks come from both sides of the aisle.<\/p>\n
But hold on a minute -- its not all bad! In fact, Apple, Amazon, Google, Microsoft and Facebook benefit us all.<\/p>\n
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Im generalizing, but, Amazon runs online shopping. Apple runs smartphones. Facebook runs a network that links one-third of the worlds population.Googleruns YouTube, the worlds go-to channel.[And] Microsoft, along with Amazon, runs the cloud, which is the worlds back office!<\/p>\n
They are very good at providing these products and services. We all benefit. Its good to be plugged into the best!<\/p>\n
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And then theres the money.<\/p>\n
One hundred million Americans have a 401(k) or IRA. And most of the money in those pension plans is in stocks. A lot of it in tech stocks. That means your pension gets a huge shot in the arm from Big Techs stock price surge!<\/p>\n
This program has been on the air for 10 years and right from the start we tracked Big Techs rise. It has been a great ride.<\/p>\n
The stunning financial reports this week show its not over yet. Hope you are enjoying the ride.<\/p>\n
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Original post: <\/p>\n
Varney: Big Techs stock price surge a 'huge shot in the arm' for pensions - Fox Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" FOX Business' Stuart Varney weighs the pros and cons of Big Tech and its impact on peoples lives. FOX Business'Stuart Varney, during his latest \"My Take\" on\"Varney & Co.,\"reflected on Big Tech and the impact it has on peoples daily lives. STUART VARNEY: Big Tech gets a lot of criticism: Too powerful, they squash competition, too much money, they censure free speech Continue reading