Why Israel should invest in Google, Alibaba and other tech giants
The investment industry has long been dominated by Wall Street’s leading tech firms, but recent years have seen a number of promising start-ups, and it’s possible that the industry could benefit from new technology that’s not as tightly controlled by Wall St. Investors may be tempted to put their money in these companies because they may not be a threat to Wall Street.
But they may also be tempted because they’re more than just tech companies, they’re also a symbol of the world, and they could be in the crosshairs of a geopolitical crisis.
The biggest threat is not terrorism, but rather, Wall St’s own power to manipulate markets.
While Wall St has never been able to stop a crisis from happening, it does sometimes threaten to do so, which can result in massive losses for the stock.
Google is currently facing a global antitrust investigation, while Alibaba and Google Play are under fire for violating antitrust laws.
But even if a company is not a threat, it can still cause a global financial crisis if it does not follow the right policies and laws.
Google’s founders, Sergey Brin and Larry Page, are not the only Wall Streeters in the spotlight.
In June, they were named among the “10 most powerful people in the world,” a distinction that only a handful of other billionaires have.
Wall Street has also been using its leverage over the Internet to push forward its own agenda.
For example, it’s been using the threat of terrorism to pressure companies to use its search engine in their advertising campaigns, as well as to push companies to allow it to collect more data on users, as a way of making money off their browsing habits.
This week, Google CEO Sundar Pichai said that he’s “open to the idea” of “some kind of surveillance,” but that he doesn’t want it to be “one-size-fits-all” and would not be allowed to use Google’s data to track users.
“I’m open to the possibility of some kind of government or business surveillance, and I’m not opposed to it,” he said.
“But what I’m against is the way Google is doing it.”
This is an excerpt from “Google: The Search Engine of the Future” by Peter Thiel.
For more on Google and its technology, check out the book “The Google Machine: The Inside Story of the Internet’s Most Powerful Company.”
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