Big tech, big trouble

Related words:

1. market capitalisation 市值
2. penetration rates for smartphones 手機(jī)滲透率
3. asset-light 輕資產(chǎn)
4. returns on capital 資本收益
5. balance sheets 資本平衡表
6. swollen costs 高額成本
7. bail out 緊急援助 e.g, be bailed out during the financial crisis.
8. lucratively 利潤(rùn)豐厚的，賺錢(qián)的 e.g. a?lucrative business/ contract/ market 利潤(rùn)豐厚的生意、合同、市場(chǎng)
9. dare bets 押注
10. visionary 有遠(yuǎn)見(jiàn)的
11. cashflow 現(xiàn)金流
12. outside scrutiny 外部監(jiān)管

Vocabulary:

1. complacency 自滿 e.g. His rousing call to avoid complacency seem apt today.
2. bloating 膨脹
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 勉強(qiáng) = practically
6. splurge on 揮霍
7. myopic adj. 短視的
8. take on board his request 采納他的建議

Nice sentence:

1. As digital giants have grown bigger, they have become tied to the economic cycle.
2. （為什么科技巨頭間的競(jìng)爭(zhēng)加?。?/strong> 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. (科技公司的管理問(wèn)題） 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.