How Amazon, Google, and Facebook Will Bring Down Telcos

The internet was supposed to alleviate media conglomeration. Instead, it may compound it. Amazon, Facebook, Google, and a handful of others are displacing media companies and telecommunication companies. They already host much of the content you consume, and produce more and more of it. They own much of the infrastructure carrying that data, and they’re starting to sell Internet access. These tech titans didn’t plan to take down the telecommunication companies. But they depend upon you having fast, reliable internet, so they’re bringing everything in-house. This promises to make things drastically better for you as a consumer, so if you hate big telecoms, you’ll feel schadenfreude at their demise. But you might end up with more of the same as the new guard becomes the old guard.