The Economist - big tech, big trouble

Big tech, big trouble

Related words:

1. market capitalisation 市值
2. penetration rates for smartphones 手机渗透率
3. asset-light 轻资产
4. returns on capital 资本收益
5. balance sheets 资本平衡表
6. swollen costs 高额成本
7. bail out 紧急援助 e.g, be bailed out during the financial crisis.
8. lucratively 利润丰厚的，赚钱的 e.g. a lucrative business/ contract/ market 利润丰厚的生意、合同、市场
9. dare bets 押注
10. visionary 有远见的
11. cashflow 现金流
12. outside scrutiny 外部监管

Vocabulary:

1. complacency 自满 e.g. His rousing call to avoid complacency seem apt today.
2. bloating 膨胀
3. egomania 自大的 e.g. The symptoms of this diseasse are bloating and egomania.
4. bedrock = cornerstone 基石 the bedrock of economy
5. barely 勉强 = practically
6. splurge on 挥霍
7. myopic adj. 短视的
8. take on board his request 采纳他的建议

Nice sentence:

1. As digital giants have grown bigger, they have become tied to the economic cycle.
2. （为什么科技巨头间的竞争加剧） Penetration rates for smartphones, digital advertising and streaming are plateauing. With slowing core business growth, the giants are venturing onto each other's turf, increasing competition.
3. (科技公司的管理问题） Slowing growth is exposing thee governance flaws of big tech firms. Often they entrust disproportionate power to bosses and founders, some of whom enjoy special voting rights that give them near-absolute control.
4. Such bosses often cultivate an image as visionaries, whose daring bets horrify myopic outsiders, but end up lucratively transforming the world.