[Marxism] platform capitalists' latest profit reports

Andrew Pollack acpollack2 at gmail.com
Fri Apr 26 07:15:18 MDT 2019


Yesterday's quarterly profit announcements prompted the three Times
articles below about the big platform capitalists' increasing centrality to
system profitability. For instance:
"These deals illustrate what Mr. Nadella has called
<https://www.linkedin.com/pulse/necessity-tech-intensity-todays-digital-world-satya-nadella/>an
increase in the “tech intensity” of companies as they evolve. “Digital
technology today is not about tech companies doing innovation. It is about
the rest of the world doing innovation with technology,” Mr. Nadella said
in a call with analysts on Wednesday."
In the past I've mentioned the continuing centrality of GE et al. to
manufacturing and to the system as a whole. The focus of Microsoft, Amazon
et al. on business services is a parallel phenomenon.
(see Nick Srnicek's book "Platform Capitalism")

https://www.nytimes.com/2019/04/25/technology/amazon-earnings-one-day-prime-shipping.html


https://www.nytimes.com/2019/04/25/business/dealbook/microsoft-1-trillion.html

https://www.nytimes.com/2019/04/24/technology/microsoft-earnings.html?module=inline



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