google, apple, facebook and amazon frequently topped the list of most valuable companies. last week, google's parent company alphabet came the fifth company in history to surpass a $1 trillion market valuation. >> we are coveriring the wldld econonom forum in n davos all week. we will bring you the latest business news live from davos later today. >> live from paris continues after a quick break. stay with us. this is france 24. host: it's become europe's capital of cool anand artists around the world are joining the party. even peoeople whose grandparentnts had to flee for their lives. man: i moved to berlin recently, you know, just what shows you how ... up things are in israel. [laughter]

there than elsewhere facebook and google are blocked for example what's the internet like behind the chinese fire wall i want topic today. most of the world uses products from google apple facebook and amazon or god but not china there are 3 homegrown tech guy.

there than elsewhere facebook and google are blocked for example what's the internet like behind the chinese fire wall i want topic today. most of the world uses products from google apple facebook and amazon or god but not china they're 3 homegrown tech giants dominate the industry they're called by do alibaba and hanson also known as b. 80 in china but i do replace as google is for e-commerce and tencent is more popular than facebook is here but that's not all. but i do smell of service instead of google maps way because instead of twitter and we chat instead of what's . in china there's separate providers for almost every online service available in the west but far more than just copied. in many fields like live streaming. and online payment chinese providers have become global leaders don't you know stockman is a professor at the hattie school of governance in berlin and an expert on china's digital trends she says uses play a big role in these developments one main difference between chinese users and european users is that chinese. internet users a fast adopters so when there is a new platform they will immediately go and try it out. we chat alone has more than $

there than elsewhere facebook and google blocked for example what's the internet like behind the chinese fire wall. i want to be today on. most of the world uses products from google apple facebook and amazon or. but not china there are 3 homegrown tech giants.

google, apple, facebook, firms doing business essentially in the uk but based elsewhere.nce and other countries as well. the 0ecd is currently trying to get some kind of multilateral decision based on this but the uk is pushing for this to go in place by april. trump, the us, pushing back at this and threatening a tariff in return on autos. the uk's government at pains to say, sajid javid, the chancellor, saying it is deliberately designed as a temporary tax, it will fall away when there is an international solution, hoping for a deal. that is what the discourse is right now, we put this in place in april, but it will fall away as soon as something bigger gets there. a lot of people have their fingers crossed for that, the 0ecd itself is hoping that the deal will be the one that takes the centre ground, but the uk is pushing this right now as a bargaining chip. it is interesting uk is digging its heels and while france has agreed to delay plans for its equivalent tax. exactly. france had a 3% tax proposed but made the decision, 0k, wait it out for the year and see what ha

the biggest were the ones like facebook, apple, amazon, netflix a little bit and googled most about. >> there's some overlap, facebook and google, apple mostly shunned advertising and third devices and technology, you uber you mentioned wasn't either but it's a whole different basis. besides the fact that we think of them as being tech, they all have one thing in common. >> that's a great question. right now they are off trying to separate each other as regulators work more tightly in the space. the things they do all have in common is the network effect. it something to talk about a lot in my book. as you get big, you get bigger. the business model of these companies and many unicorns in silicon valley, the giant firms is to bring in as much territory as quickly as possible. so you get an and in many cases, you get invite margin. a company like amazon and uber, to undercut the world taxi services and take over the entire industry and worry about profits labor. businesses simply haven't been able to do this at scale until now. that has a lot of ramifications. it cuts competitors out a

transatlantic tensions between the us and france over a tax paris is levying on digital giants like google, apple, facebook, carry on. i was going to say that it went into effect on one january, but we are now seeing that france in the united states have entered into a bit of a two week reprieve. so what's happening is the two sides will try and negotiate, because when france initiated this 396 because when france initiated this 3% tax on some of these digital companies, the united states said it would just tax everything that is coming in from france into the united states. and donald trump even suggested there could be a tax of 100% on some of these goods. so this retaliatory action by the united states is certainly not something that the two sides want, so now they are going to try and come to some sort of agreement about this. just a sort of agreement about this. just a sort stop in new york today, thank you for your help there. venezuela's opposition leader, juan guaido, has been sworn—in as speaker — but to get to his post he needed to break into the national assembly building. take a look at these p

for starters, apple has had more of a commitment to privacy to be fair for its own competitive advantage than google or facebook. it's not a data harvester in the way google or facebook is. those companies make 85-90 percent of its revenue on digital advertising. apple makes it on devices. wants to create that network and ecosystem and lube you into buying as many products and services as possible. i would point out a couple things. for starters, apple's commitment to privacy has varied depending on what company are talking about. apple will capitulate to privacy in china ways it would not dream of doing in the u.s. it's certainly subject to political pressure, differences in the way different countries regulate data and it won't stand up and fight beijing on these things. i will also say there are a couple of the problems with apple that overlap with problems i see with google and facebook. one of it - - who gets a big part of the innovation pie. they will say, this is a battle between regulation and innovation. we have to stay big to innovate. i would argue these companies and apple is foremost, are implement

digital service tax that's a 3% of the on french revenue aimed at large online firms like google apple and facebook in washington now instead agreed to continue negotiations at the o. e. c. d. where international tax records in the works. france has already said that any deal reached at the oecd wood replace its own tax. take a look now at monday's trading acti markets were closed in thunited statates for martin luther king day. b but a b bit a mixed bag on the major europeann indices to kick off we can see here. the footstsie finisishinge day down about a thirdrd of a pepercent. similar story on the ?ak conta dax m meanwhile over in frankfurt with some slslht gains.hare is up about the 50% there. investors were also taking isn't our news from the international monetary fund. on the eve of the world economic forum summit in davos switzerland the fund has revised its annual growth projections downward. i am f. now projects global goethe to reach three point 3% this year. down 210% from its previous forecast back in october. earth next year meanwhile projected to hit three point four percent. a slow

the story, it hasn't rebounded off of its lows and is trading below other companies like google, apple. this facebookndervalued? victor: facebook stock hasn't really been a story this year, unlike other stocks and other sectors, but i think that story could likely change. continued, there is user growth in 2020 across all four platforms. number two, advertising, facebook accounts for a portion of global advertising budgets today, growing by 18% by 2022, i think. a significant shift on facebook. you also have 2019 is a peak investment, so you have marginal extension in 2020, 2 thousand 21. in 2020,epf's appreciating 25%, normalized had 35 percent etf growth in 2019. you also have a strong balance sheet and cash flow, which they don't often get credit for, whatsapp has a billion plus users and they haven't even scratched the surface in terms of monetizing those assets. is worthok stock mainly because of estimates coming in significantly above what analysts like me have been projecting, but i think ultimately will get that multiple extension in conjunction with upside to and revenues this year. i'm conv

as french wine and cheese france argues it wants to hold leading tech companies like apple google amazon and facebook to account and a current e.u. law data collection is not classified as a taxable good even though selling data is central to the business models of u.s. tech companies of a more i'm joined by our correspondent lisa lewis in paris lisa u.s. commerce secretary wilbur ross said that france has moved to tax digital companies stems from being envious of u.s. companies success is there something to it. well there's that's one way of seeing it really you know france is not really known for being a haven for big large tech companies rather for its literally art and music however the french president over the past few years he's try to boost that image though for example supporting start up companies but i don't think this is the main argument for france to push for such a tax if you look back over the past year here in france there have been yellow vests protests every week people here are kind of really angry about the feeling they have that those who earn a lot of money don't pay very much

it really puts a spotlight on the likes of google, facebook, apple, amazon, and a few others as well and how their size and some would say success and certainly their treatment of data is having an impact not just on customers, but all of the global society. specifically in the u.s.. i wonder can we regulate data information at the same time perhaps even unintentionally regulating speech because people are choosing in a lot of these cases to talk about these, choosing to put information into the search engine on the social networks etc., etc., pictures women's to graham, giving away little bits of location information, preference information, commerce information, giving it away for free, making the choice what to do with their speech. how can they be stopped? >> these are great questions, big questions at something i've kind of grappled with was this idea of whether or not platforms like facebook or google should be labeled for what happens because i'm the one hand, yes you don't want facebook monetizing the massacre of people in new zealand, but you also don't necessarily want mark

liz: google, apple, cisco, facebook, paypal and ebay. isn't that a little tech heavy? >> they are but those are great quality near what you call network platform stocks. they built a good moat around their businesses and the multiples aren't demanding. these are suitable for a lot of generations. liz: when you have treasuries yielding 1.83% for the ten-year, you might get a better yield with some of these. >> in fact, some of these have dividend yields that are approaching what you get on a ten-year bond. liz: good to see you. tom lee with genx to granny stocks. i like it. we will put them up on our facebook page. good to see you. thank you so much. >>> closing bell ringing in 37 minutes. as you know, because we were right there in washington, d.c. on wednesday, the phase one trade agreement between the u.s. and china is just a little more than call it 48 hours old. you are about to hear from someone we first spoke to two years ago. his company manufactured the scaffolding for the restoration of the statue of liberty. back then, he was absolutely crushed by the onset o

amazon, facebook, google, apple and the trillion dollar tech companies that are paying nothing or next to nothing back into our country. see how this game works? know the feeling you had that things are going on and you're getting depleted, it's true. you are. in this context, it's actually perfectly responsible for us to go up and get some of this value that's leaving your community, tiny slice of every amazon sale, every google search and bring it back to you in the form of this dividend of $1,000 a month. when you have this money, where would it go? how much would stay here in iowa? most of it. you might get your own netflix password but most would go to car repairs you've been putting off and day care expenses and little league sign ups, religious organizations. this is the trickle up economy. this would work. we know it would work. we know the money would get pumped back through our local economy over and over again. i had reps say this is the only thing that would work to give rule towns a path forward. raise your hand if you're a parent like me and evelyn? if you're a parent, yo

why do we have some conservatives, and some liberals that' to break upgrade companies like apple, google, facebook and amazon, when they lead stock market and america. david: and 401(k)s that great news. >> that is probably one of the reasons why wall street is so panicked about someone like elizabeth warren becoming the democratic nominee, i agree with being cautiously optimistic with apple. i believe they have about 10,000 employees in china, they will start manufacturing a lower cost iphone product in february. i am interested to whether or not the virus has an impact on roll out. >> that i is -- i want to jump n on. in terms of what tim will do with is usupply constrains withn manufacturers, they will be shut down until february 9 that is a long time, he said we'll make a decision when we get closer to the date, right now his main concern are those employees in china, and that low-cost iphone, i asked about, that we do not comment on future products he said, kind of what helps them recover in china is just right pricing for an economy that may not be able to afford a 4-digit iphone. >> let me

of joe as it plans to introduce a digital tax take for it seems that the big 4 that google amazon facebook and apple are trying their best to cozy up to process. i don't think it's a good idea to talk about politics or policy with a glass of wine in your hand and excellent food offered by a person who has clear interests to represent and then there is a little less transparent lobby because there are members of industry associations well they have consultants working for them so you talk to people and you don't realize if they are representing the interests of google or facebook or silicon valley because the names are different these lobbyists seem to have some very deep pockets according to transparency international in 2019 google spent some 8000000 euros trying to get into brussels good graces while the lobbying budgets of the big 4 have skyrocketed since 2014 so why is this new digital tax regime causing them such a headache well until recently most digital giants pay their tax bill in the country where they're registered but as they've grown questions are being asked as to why they were paying

. $500.00 like they do now top 5 apple microsoft google amazon facebook now make up a record 18 percent share of the benchmark cap thanks to monopolistic rents right then i believe that no metric measuring the valuation of the stock market applies anymore when you have those 4 or 5 companies they've got 18 percent of the overall market capitalization that number will go to 80 percent and i predict in the next 5 years because we're heading toward a neil feudal period where those top 5 companies and some private equity firms and a few like blackrock own everything the entire stock market and bond market is being taken private with free money and the result will be medieval as a male feudalism it's clear as day well they do say something like over 40 percent of companies on the s. and p. $500.00 those not those top 5 they have they're zombies essentially if it weren't for the fed's free money they would disappear and they would be gone they would be out of business but i think part of what this all this intervention is is again crowd control as perception they need to pretend like they're