Anyone who predicted this would stop or even slow the expansion of Big Tech, or the advancement of technology even deeper into our lives, was wrong. Just like 2018, it was a banner year for tech. — Reuters
It’s mid-December, which means it’s time for the staff prognosticators at Bloomberg Technology to sheepishly revisit last year’s predictions while peering ahead with a brash certainty that we haven’t earned.
On its surface, 2019 was the difficult year that most of us anticipated. The simmering trade tensions (perhaps diffused by the new phase-one trade agreement) raised the prospect of constrained opportunities for US tech companies in China. Fears of intrusive government regulation, antitrust scrutiny and a consumer privacy backlash hung like a San Francisco fog over the major tech firms. And there was a lot of turnover in the C-suite: a record 181 tech chiefs left their posts through October, which doesn’t even include the departure of Google co-founder Larry Page from his operational role at Alphabet Inc.
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