Given below are two statements:

Statement I: Because of technological strides in recent times, words and times as related to communication have become money.

Statement II: The technological convergence has contributed to the control of mass communication by a few

In the light of the above statements, choose the correct answer from the options given below

The correct option is: Both Statement I and Statement II are true.

Explanation of Statement I:
In the modern digital era, rapid technological advancements have transformed the nature of communication. High-speed internet, real-time messaging, and global connectivity mean that information can be transmitted instantly. In business and financial markets, the speed at which words are communicated directly translates to economic value. Concepts like "time-sensitive information" or high-frequency trading highlight how time and words have literally become monetized. Therefore, Statement I is true.

Explanation of Statement II:
Technological convergence refers to the merging of previously distinct media technologies (such as print, television, radio, and the internet) into unified digital platforms. While this convergence allows for a wider reach, it has also led to significant media consolidation. A small number of massive conglomerates now own and control these integrated platforms, thereby controlling the flow of mass communication to the public. Therefore, Statement II is also true.

Since both statements are accurate and logically sound, the correct choice is that both Statement I and Statement II are true.