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Scott Galloway, speaking at DLD18. Photo: Dominik Gigler for DLD

When NYU professor Scott Galloway began The Four, his book on Apple, Google, Amazon and Facebook, he thought it was a love letter. Now he says it's time to break up the companies.

Why it matters: In a year where the biggest tech companies have been widely criticized, regulators may have more inclination than ever to look at their business practices.

"I’ve become 100 percent convinced that its time to break these companies up," Galloway said, speaking at the DLD18 conference in Munich. "I want to be clear I love these companies... They are clients of mine, at least for another hour until they see this."

The rationale: "The key to competitive markets is no one company has too much power and we have blown way by that." Galloway notes that Google would have never made it out of the crib if antitrust regulators hadn't put the breaks on Microsoft.

Other predictions: Galloway also used his talk to offer his take on 2018, a year in which he says the following will occur:

  • Amazon will pass Apple in value with Alexa helping push the online retailer past $1 trillion in value. He also sees Amazon's media unit passing Twitter and Oath in revenue.
  • Twitter, Snap and Pinterest will either be acquired or take on new investment at valuations of a quarter to half of their peaks.
  • Amazon will buy either Carrefour or Nordstrom.
  • The breakup of Big Tech will begin with inquiries from either a U.S. attorney general in a red state, the EU's antitrust authority, or both.
  • Facebook's stock will peak as Mark Zuckerberg "burnishes his reputation as the most tone-deaf CEO in tech."

Last year's picks: Galloway's 2017 predictions were a mixed bag, though he did importantly predict it would be the year that the Big Four tech firms started to get blowback. He also correctly predicted a bust for virtual reality, a decline in wearables, and the year's big winner Netflix.

But he admits he was wrong in calling Walmart's Jet.com buy a bust and predicting falls for Apple and WeWork. His whole talk was powerful (and good fun). You can watch the highlights via YouTube below.

Go deeper

Updated 2 hours ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Coronavirus variant surveillance varies widely by state — Omicron cases confirmed in 5 U.S. states America probably won't lead the effort to understand Omicron.
  2. Vaccines: Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters — Moderna loses patent battles tied to COVID vaccine.
  3. Politics: Nevada to impose insurance surcharge on unvaccinated state workers — New Jersey GOP lawmakers defy statehouse COVID policy — Oklahoma sues Biden administration over Pentagon vaccine mandate — Omicron travel bans are sign of what's to come.
  4. World: WHO: Delta health measures help fight Omicron — COVID cases surge in South Africa in sign Omicron wave is coming — Germany approves new restrictions for unvaccinated people.
  5. Variant tracker: Where different strains are spreading.

Prosecutors charge parents of Michigan school shooting suspect

Photo: Scott Olson/Getty Images

The parents of a 15-year-old accused of killing four students and wounding seven other people at a Michigan high school have been charged with involuntary manslaughter, according to court documents.

Driving the news: James and Jennifer Crumbley were each charged with four counts of involuntary manslaughter.

2 hours ago - World

Putin to demand legal guarantee against NATO expansion in call with Biden

Biden and Putin meeting in Geneva in June. Photo: Mikhail Metzel\TASS via Getty Images

Russian President Vladimir Putin is demanding a legally binding guarantee that NATO will not expand east — including to Ukraine — and plans to raise the issue in an upcoming phone call with President Biden, according to the Kremlin.

Why it matters: Russia has massed more than 94,000 troops on the border with Ukraine and could be preparing for a large-scale invasion at the end of January, Ukraine's defense minister said Friday.