Faculty News

Professor Thomas Philippon explains how the COVID-19 pandemic has provided Big Tech companies unprecedented reach into our lives, shaping how we work, communicate, shop and relax

Excerpt from The New York Times -- "'Covid was the perfect positive storm for these guys,' said Thomas Philippon, a professor of finance at New York University. The companies’ deeper encroachment into American lives can be seen in web traffic numbers for Alphabet, Facebook and Amazon, which own the four most visited sites in the country. The traffic on these sites was immense before the pandemic, but daily visits increased sharply in March, when stay-at-home orders began, with Facebook up 15 percent and YouTube 10 percent, according to SimilarWeb, an online data provider."

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