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Author: Bonnie

Is Facebook Imploding?

Is Facebook Imploding?

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Image by WikiImages from Pixabay

Although you might believe that we meant to say ‘Meta,’ no, we meant Facebook, which is a division of Meta.

According to Techcrunch, Meta says its metaverse biz lost another $3B in Q1 – but the 2030s will be ‘exciting’ and damn the torpedoes. Make no mistake about it and according to Input, Mark Zuckerberg is hell-bent on the metaverse — and getting you to work in VR, pointing out that “The Facebook CEO…sees it as the “successor to the mobile internet”…The big question is if anyone will follow Zuckerberg into the metaverse.”

Certainly not Sheryl Sandberg. According to the Wall Street Journal, “One of the world’s most powerful executives became increasingly burned out and disconnected from the mega-business she was instrumental in building. That dovetailed with a company investigation into her activities. Read More...

The New Era of Tracking: Too Much to Swallow?

The New Era of Tracking: Too Much to Swallow?

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Image by Gerd Altmann from Pixabay

 We have entered a new era of tech. Web 3.0, including blockchain/the distributed web, cryptocurrency, the metaverse, 5G and before too long, quantum computing (The Need, Promise, and Reality of Quantum Computing), which will certainly be a huge game-changer.

After all the loss of privacy we’d experienced during Web 2.0h???, as we now like to call it, as capturing all our personal data was supposedly all in the name of selling us yet another pair of, say, sneakers. Oh, and connecting the world through social, too, as it was the social web after all, no matter how anti-social it became over time. But considering how much more the next era in tech is promising – and let’s not forget robotics, connected glasses, eg the upcoming Apple Glasses, the Internet of Things, AI, Smart Cities, Smart Agriculture, et al are also in the mix – what a wonderful era of promise awaits us! We’re finally going to get it all right and in fact, to help you prepare, head’s up: “To succeed in the future, you MUST learn web3, @Mishadavinci tweeted.  These 7 world-changing concepts get you up to speed.”

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Tech: The Half-Year in Review

Tech: The Half-Year in Review

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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

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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.

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The Age of the Soonicorn

The Age of the Soonicorn

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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?

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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...

The Great Resignation or the Great Rethink?

The Great Resignation or the Great Rethink?

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Image by Mo Hassan

According to all reports, we’re in the midst of a Great Resignation. People are leaving their jobs in great numbers, but what it is actually all about?

Pew Research reported that the Majority of workers who quit a job in 2021 cite low pay, no opportunities for advancement, feeling disrespected.

“Workers aren’t just looking for higher pay, more time off, or more days at home (though those things would surely help in the short term). They’re actually questioning the whole meaning of the daily grind. Why do we put so much of ourselves into our careers? And are we getting a fair deal from our employers in return for all this stress and heartache?,” said Inc. “The period of prolonged uncertainty of a year and a half is going to make people consider their priorities on many, many levels, including the work they do.” Read More...

Elon Musk and the Battle for Twitter Explained

Elon Musk and the Battle for Twitter Explained

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Image by Iván Jesus Rojas from Pixabay

You gotta love Elon Musk, whether you’re a fan or not. Or at least give him the fist bump of respect for his – going there – elan. No one has that flair for shaking up the tech landscape quite like him, and one never quite knows what his next move will be, or why.

So, what’s with Musk’s focus on Twitter, be it as a majority shareholder or actual owner? At the end of the day, does it really matter?  Forest through the trees: every tech cabalist owns a media outlet: Apple has Apple News and Apple TV; Google has Google and YouTube, Meta has Facebook and Instagram; Amazon has The Washington Post. With Twitter, power influencer Musk now has his. Period.

The Twitterverse has gone wild since Musk announced his takeover plans, especially Twitter employees. OMG! He’s threatening to restore freedom of speech! Can you imagine??? Yet, “Several employees noted in internal messages that Musk, who considers himself to be a champion of free speech, has appeared to express disdain for the use of gender pronouns,” The Washington Post reported. Or is controversy the tool he uses to shine a light on hypocrisy? Hmmm…. Read More...

Bitcoin2022: The Bull from Miami (Not!)

Bitcoin2022: The Bull from Miami (Not!)

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We were recently in Miami for the Bitcoin 2022 conference – the first time we’ve traveled to a conference in years and as a compulsive networker and superconnector, we didn’t realize how much we had missed the serendipity and synergies that only happens at in-person events.

This is a lesson in tech hubs and why they shift. Boston was long the center of technology, but with the advent of the internet, Boston lost it. Boston was set in its ways and had its processes.  A young, unproven sector was not in its purview: Boston was about Real Tech, not a bunch of upstarts with a bold vision of a tech future that might well never happen.

The energy shifted to Silicon Valley and in due time, New York. Other hubs sprung up around the country and the world, although with all due respect, our focus here is the US. The SV and NY hubs quickly took the lead, at least in terms of where the investor dollars were. And how did they become investors? For the most part, they were founders who had enjoyed exits. Boston might still have been in the mix, but as a distant third: it was not an internet hub. Read More...

Same Schmidt, Different Day

Same Schmidt, Different Day

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It’s been a while since we’ve checked in on the tech cabal,. You know that there’s always something to see. And something they’d prefer you’d not see.

One of the latest reports is that Apple and Meta Gave User Data to Hackers Who Used Forged Legal Requests. It seems the two behemoths “provided customer data to hackers who masqueraded as law enforcement officials,” Yahoo!finance reported, including “basic subscriber details, such as a customer’s address, phone number and IP address, in mid-2021 in response to the forged “emergency data requests.””

It seems that rather than hacking Apple and Meta (nee Facebook) directly, given their armies of coders, instead, the hackers breached law enforcement agencies worldwide. For the record, the hackers who sell this information to various and nefarious, only charge $100-$250 for this service. In 2021, Meta received 21,000+ ‘emergency requests’ which do not need to be signed off by a judge, and complied with 77% of them, while Apple received over 1100 and complied with 93% of them. Read More...