Best of the financial columnists

Don’t fear Big Tech’s flood of cash

Editorial

The Economist

Big Tech is pouring cash into everything from driverless cars to quantum computing, says The Economist. The tech giants are worried about encroaching on each other’s territory (“the share of sales that overlap” has doubled to 40% since 2015), but they are also well aware that the history of their industry is “littered with once-dominant firms that were brought down not by regulators, but by missing the next big thing”. Governments, rivals and