The tech juggernaut continues to roll on!
Their future-shaping technologies which are the bedrock of wide-ranging products and services totally deserve some lofty valuations and the COVID-19 crisis has added fuel to the fire.
But the reports of market abuse and exploitation have also started to take centre stage.
The prioritizing mechanisms of Google search results have been questioned while Amazon has been accused of gobbling up the small businesses.
Facebook has been mired in numerous election manipulation controversies.
Any kind of bad press is detrimental to long term business survival.
The growing popularity of ESG (Environmental, Social and Governance) investing means that going forward companies will also be valued basis the net social cost of doing the business.
Any negative cost will surely attract some penalties.
The companies, with a good corporate governance structure, have reaped the benefits like lower cost of capital, less regulatory burden and enhanced brand recall which culminate into sustainable profits and higher shareholder returns.
This trend is likely to continue hence the elephant in the room must be addressed right now!