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Big Tech may have a lower-profit future

Illustration: Rebecca Zisser/Axios

With a black eye and a sullied reputation, Big Tech may be entering an age of tapered profits, the victim of much-reduced public tolerance for the industry's free ride, say U.S. and European industry leaders, analysts and academics.

Why it matters: Google, Facebook, Amazon and other major platforms are symbols of U.S. tech prowess and are expected to be among the country's most vibrant engines of future economic growth and jobs. But the new public zeitgeist casts doubt on how they have achieved their heights, and senior leaders at some of the companies themselves are internally rethinking their business models.