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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen	10/23/2016 11:55:12 PM
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AT&T Is Buying Time Warner Because the Future is Google TELECOMMUNICATIONS COMPANIES ARE becoming media companies. That explains AT&T’s agreement to buy Time Warner for $85.4 billion. But something else explains it, too. Media companies are becoming telecoms. Internet firms like Google and Facebook and Amazon and Netflix are the new media companies. They deliver enormous amounts of video online, posing a direct threat to old-school television and movie companies. But they also are becoming telecoms, threatening the likes of AT&T and Verizon. They finance undersea cables that link their data centers. They buy fiber optic infrastructure. Facebook builds open source telco gear, Google offers high-speed Internet service, Amazon hopes to become an Internet service provider in Europe. As this happens, telecoms must fight back. And this means challenging tech giants on the media front. wired.com

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