Russia appears to be ahead of the US in using a key piece of technology that almost every American uses nearly everyday, social media. While the US was hunting down terrorists and spying on foreign leaders, Russia came up with an intelligent plan to use social media to sway public opinion in the US.
Today we’re seeing a change in politics due to the use of social media. Similar to the way people say John F. Kennedy won the 1960 presidential election against Richard Nixon because of Kennedy wearing makeup while on television, people may look back on the Clinton and Trump 2018 election and say that Trump won because he knew how to use social media to his advantage.
The ongoing privacy issues happening with social media companies may be bad news for tech stocks, but it has led to something very important. It has made people aware of the impacts technology has on government and democracy in general. And now politicians are even speaking about it in the United States (US), European Union (EU), and the United Kingdom (UK). If this momentum keeps going then maybe we'll see regulation that will bring about a change in the way tech companies operate.
Some of the largest tech companies, Facebook, Google, and Amazon, have had a good run but it looks like at least two of these companies (Facebook and Google) may have reached their apex. By reaching their apex, I mean to say that these companies may have matured from young companies with rapid growth to companies from which investors should expect to receive slower long term gains.