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Augmenting digital monopolies : a corporate financialization perspective on the rise of Big Tech

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Klinge, Tobias John ; Hendrikse, Reijer ; Fernandez, Rodrigo ; Adriaans, Ilke:
Augmenting digital monopolies : a corporate financialization perspective on the rise of Big Tech.
In: Competition & change : the journal of global business and political economy. (2022).
ISSN 1024-5294 ; 1477-2221

Volltext

Volltext Link zum Volltext (externe URL):
https://doi.org/10.1177/10245294221105573

Kurzfassung/Abstract

Building on the notion of corporate financialization, this article analyzes the financial dynamics of the world’s largest digital platforms over the period 2000–2020: Alibaba, Alphabet (Google), Amazon, Apple, Meta (Facebook), Microsoft, and Tencent. These “Big Tech” corporations jointly form the infrastructural core of the digital economy. Taking cues from critical media studies and political economy, we probe their financial statements according to three stylized indicators of corporate financialization: (i) expanding financial assets and debt; (ii) augmenting asset structures, with intangible assets in the form of goodwill ballooning alongside tangible capital; and (iii) maximizing shareholder value. Our findings point to commonalities among the ‘avantgarde of digital capitalism’, where feedback loops between mounting market dominance, data extraction, and above-average profits have been successfully leveraged with key tools of corporate financialization to accelerate Big Tech’s infrastructural dominance across economy and society.

Weitere Angaben

Publikationsform:Artikel
Sprache des Eintrags:Englisch
Institutionen der Universität:Mathematisch-Geographische Fakultät > Geographie > Arbeitsgruppe Wirtschaftsgeographie
DOI / URN / ID:10.1177/10245294221105573
Open Access: Freie Zugänglichkeit des Volltexts?:Nein
Peer-Review-Journal:Ja
Verlag:SAGE
Die Zeitschrift ist nachgewiesen in:
Titel an der KU entstanden:Nein
KU.edoc-ID:30790
Eingestellt am: 18. Okt 2022 09:13
Letzte Änderung: 18. Okt 2022 09:13
URL zu dieser Anzeige: https://edoc.ku.de/id/eprint/30790/
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