Applying the brakes to the tech giants

IT giants have had it pretty much their own way up to now, writes Kyran Fitzgerald, but finally

Over the past couple of decades, gale force winds originating on the west coast of California have swept across the global economy in what has amounted arguably to the greatest transfer of wealth in history.

The great technological transformers have really had it pretty much their own way up until now, but increasingly, there are signs of a counter-reaction as analysts and increasingly, regulators and politicians wake up to the threats posed to national tax bases and individuals by the cocky new kids who are not merely on the block, but on their way to controlling the whole neighbourhood.