Louis’s Reviews > Digital Degrowth: Technology in the Age of Survival > Status Update

Hope is staring like a stranger
From the corner in the rain
In this picture of the future
We’re just burning in the frame

Market share abroad often devastates foreign countries. For instance, even though Google and Meta only get a small portion of their online ad revenue from a country like South Africa, they undermine its local media by taking to 80% of the country’s total online advertising market. Even when the revenue from a poor country appears trivial to a US tech giant, it is a major problem for that country.

“In Europe, 69% of foreign direct investment is sourced from the United States, with software and IT services the largest segment.”