You won't see Elon Musk in Davos this year. He says it’s boring on Twitter, which he now owns, and which is still bleeding money. The same big losses are being seen at his electric car maker Tesla. But it would take a lot more for the billionaire to go broke. The truth is that in today's world, tech titans seem unbreakable, even when the likes of Musk face a lawsuit for allegedly manipulating Tesla's share price.
The EU – represented at this week’s World Economic Forum by its Commission President Ursula von der Leyen – acknowledges how the digital age has concentrated outsized wealth and political power in the hands of a happy few who are able to exploit global taxation loopholes and skirt state regulations that have been eroded over decades.
We ask about an inequality gap that accelerated when the world went online during the Covid-19 pandemic and whether to blame it on big tech.
Produced by Charles Wente, Lauren Bain and Imen Mellaz
