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Month: May 2022

Tech: The Half-Year in Review

Tech: The Half-Year in Review

Image by Stux at Pixabay

Just a reminder that June is the year’s midway point and always a good idea to take stock of where we are so far.

The big tech stocks have all taken a long-overdue hit, as has the rest of the stock market and the word is that it has become harder to raise funding. It’s true that investors aren’t writing checks at the rate that they did, but then again, we’re coming off a 13-year tech high, and many people who cashed out or who were acquired suddenly became investors. But were they qualified? All things considered, that’s part of the broken VC model. Do they add value, or just money? There is a difference, and the distinction is important, especially in times like these.

Even the so-called high-flying seasoned investors are feeling the pain. It’s one thing to be a genius in the good times.  We’ll see who the true outliers are moving forward. Read More...

Tech’s Insatiable Appetite

Tech’s Insatiable Appetite

While we’ve all had a lot of fun being distracted by Elon Musk and his Twitter takeover, which may or may not be on hold, at least for now, there are a few things that you might have missed. We may also be at the juncture of a new era in tech.

  Read More...

The Age of the Soonicorn

The Age of the Soonicorn

Image by Susan Cipriano from Pixabay

In case you haven’t been following it, the stock market has been taking a huge hit, especially in the tech sector. Truth be told, tech stocks have long been overvalued, and although no one wants to mention the word, let’s go there: the bubble is finally bursting. It’s overdue. Waaay overdue.

 

Consider: Facebook revenue slows but user gains boost stock. Strange math, what, eh?  “The company shares had fallen by about 44 percent in addition to recording a $400 billion loss in market value,” TechStory reported. But the stock was up! But not for long. Of course, Zuckerberg has assured us that his metaverse will be hugely profitable by 2030, no matter that it lost $3B this past year. The hype machine, it seems, is alive and well. Read More...

What Does a Guy Have to Do to Acquire a Media Company Around Here?

What Does a Guy Have to Do to Acquire a Media Company Around Here?

Tech has been long overdue for a correction, and it certainly hit this week, with a vengeance and on all fronts, and especially in the stock market, where Jeff Bezos lost $13B in just a few hours. He’s still one of the wealthiest people on the planet but, hey, a billion here, a billion there, before you know it, it adds up to real money

Elon Musk had been battling for Twitter for weeks. The board scoffed at his initial offer. Twitter workers freaked out over Elon Musk in internal Slack messages (“Physically cringy watching Elon talk about free speech,” wrote one site reliability engineer, and for fook’s sake, doesn’t the South African-born billionaire realize that he’s in America now!!!). Now that Musk has more or less been handed the keys, the tech press is up in arms, too, that yet another billionaire owns a media company. Or so it was reported by MSN (backed by billionaire Bill Gates), in a Bloomberg opinion piece (owned by billionaire Michael Bloomberg) published in the Washington Post (owned by billionaire Jeff Bezos).

With all of those forces against him, makes you wonder what a guy has to do to acquire a media company in this day and age? Read More...