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Category: Criminality

The Long Tale of the Shortcut

The Long Tale of the Shortcut

Image by Roland Schwerdhöfer from Pixabay

Bill Gates was a college dropout. Steve Jobs quit after one semester. Mark Zuckerberg didn’t finish, either.  So it was no wonder that, when the tech sector rose to prominence, kids believed that dropping out of college and starting a company was de rigueur for success in life. And to be wealthy and lionized.

The Age of Social loved tech ‘luminaries’ such as Zuck and Jack Dorsey and how convenient that their genius could be amplified on the very platforms they created. Tech founders were the rockstars of the computer age.

We know things move faster in the online world, but how did these guys get so rich and powerful in so short an amount of time? Read More...

“Beware the Tech Industrial Complex”

“Beware the Tech Industrial Complex”

It was President Dwight D. Eisenhower who said that when leaving office, although most people quote his warning to beware the military industrial complex. He was right on both counts, but the former seems just a bit more prescient at this juncture.

The news that grabbed the headlines this week was Microsoft’s $70B bid for the troubled Activision (Microsoft’s Activision buy could shake up gaming), but the real news is that Microsoft is bigger than Google, Amazon and Facebook. But now lawmakers treat it like an ally in antitrust battles.

Odd, given that so much attention is focused these days on anti-trust and Big Tech and note to self, the acquisition would make Microsoft bigger in the gaming space than Nintendo. This, as we stand at the threshold of the metaverse and given Microsoft’s ownership of LinkedIn, this would consolidate its position in the metaverse in both work and play. Read More...

Fake It Til You Make It – To the Witness Stand.

Fake It Til You Make It – To the Witness Stand.

We are all aware that fake it til you make it is one of the premier mantras of the tech industry. At this point, we should also keep in mind that you can fake it for just so long – Adam Neumann’s WeWork being a notable case in point – and careful what you fake: in the case of Theranos and the company’s founder and CEO Elizabeth Holmes, it led to 11 counts of fraud that are being litigated as we speak.

As the Mercury News reported, “Holmes is charged with allegedly bilking investors out of hundreds of millions of dollars, and defrauding patients with false claims that the company’s machines could conduct a full range of tests using just a few drops of blood.”

Here’s a cautionary tale for you: despite the fact that Holmes followed the Silicon Valley playbook – attend an Ivy League school (Stanford dropout); be mediagenic (the tech might have been flawed, but in every photo of Holmes that the media proffered, she looked perfect); get a LOT of press (aka due diligence for clueless investors). Bonus points: dress in a manner that recalls a tech icon – in this case, Steve Jobs (easy one: black turtlenecks. Done!). Read More...

Facebook’s Terrible, Horrible, Very Bad Day

Facebook’s Terrible, Horrible, Very Bad Day

Facebook, Whatsapp, Instagram, Messenger and Oculus – all Facebook-owned properties – all went offline Monday, and odd that the outage came the day/morning after the “60 Minutes” interview with former Facebook employee turned whistleblower Frances Haugen.

“The documents, first reported in a series of (Wall Street) Journal stories, revealed that the company’s executives understood the negative impacts of Instagram among younger users and that Facebook’s algorithm enabled the spread of misinformation, among other things,” CNBC reported.

In the 60 Minutes interview, Haugen said, among other things, that Facebook is “tearing our societies apart and is causing ethnic violence around the world.” Read More...

The Great Tech Lies: Do They Hold Up?

The Great Tech Lies: Do They Hold Up?

When the tech industry was first establishing itself, it was something completely new to the planet, like, for example, the Industrial Age before it. Various mantras hit the zeitgeist: fake it til you make it; move fast and break things; fail fast. There are byproducts of these practices: the disregard for ethics, morality and responsibility or as we’ve said many times before, the only way to cover up a crime is to commit an even bigger crime.

 

The Elizabeth Holmes trial is on and it turns out that the Stanford dropout sidelined the real scientists at Theranos “By leaving them off email threads,” The Verge reported. Then attempted to blame them for Theranos’s failures. “A lot of new emails were introduced, showing Holmes was aware of the company’s problems, and was even actively trying to manage the situation. Several times in those emails, (former Theranos lab director Adam) Rosendorff tried to get Theranos labs to run FDA-approved tests instead of the ones Theranos developed. But maybe even more telling were the emails that Rosendorff was excluded from…“The company was more about PR and fundraising than patient care,” he said. Read More...

It’s a Mad, Mad, Mad, Mad World

It’s a Mad, Mad, Mad, Mad World

Image by Elchinator from Pixabay

We often get reader feedback/notes and have received several lately that brought various points to our attention which we feel are worth sharing.

One such reader is a so-called minority. We’ve met in person. We do not know his vax status, neither do we care, nor is it any of our business. He did note that with all the various programs that people, establishments and companies have put in place on both the private and professional fronts, whenever he is asked to show his proof of vax, qua ‘papers’ (unheard of since the Nazi era), what he feels is something not unfamiliar to him:

Discrimination. Read More...

The Heat Is On…Big Tech

The Heat Is On…Big Tech

It may be summer, but we well know that tech – and rust – never rest. Last week, “Former President Donald Trump, who has been banned from most major social media platforms, announced a class-action lawsuit against tech giants Facebook, Twitter, and YouTube, along with their respective CEOs Mark Zuckerberg, Jack Dorsey, and Sundar Pichai,” Yahoo reported. “…In court documents, Mr. Trump’s legal team argued that the tech firms amounted to state actors and thus the First Amendment applied to them. Legal experts said similar arguments had repeatedly failed in the courts before,” said the New York Times.

But Palace Intrigue noted a while back that in April, 2012, “Barack Obama himself admitted that the government helped Google and Facebook get off the ground. The government was present at the beginning when both companies were created.”

  Read More...

1984: Blueprint for the New Normal

1984: Blueprint for the New Normal

George Orwell. Photo from Gordon Johnson/Pixabay

This just in: Wall Street A-Listers Fled to Florida. Many Now Eye a Return, Bloomberg News reported. For the record, “USPS data shows few New Yorkers moved to Miami, Palm Beach; New Jersey, California and Connecticut were most popular moves.”

Looks like things are about to return to normal, right?

In case you missed it, Google will invest $250 million this year in building out New York City office presence, while Facebook Bets Big on Future of N.Y.C., and Offices, With New Lease, and note to self, “With the 730,000-square-foot lease, Facebook has acquired more than 2.2 million square feet of office space in the city for thousands of employees in less than a year, all of it on Manhattan’s West Side,” the New York Times reported. Meanwhile, we saw Amazon buying Lord & Taylor building for $1.15 billion, “While Facebook has been in talks to lease the 700,000-square-foot Farley Building, Apple last month inked a lease on 220,000 square feet at 11 Penn Plaza,” said the New York Post. Why Is Jeff Bezos Buying Up Apartments in the Coronavirus Capital?, Realtor.com queried during the height of the pandemic.

Why indeed and lest we forget, all of these companies already had a considerable footprint in NYC even prior to the pandemic. While many formerly NY-based companies, shops and restaurants pulled up stakes – or were driven out due to high rents and property damage – seems that the various members of the tech cabal didn’t bat an eyelash, and rather, waited for real estate prices to drop, even though it seems some will still pay top dollar. Read More...

Is There Nothing Bill Gates Can’t Do???

Is There Nothing Bill Gates Can’t Do???

There’s no doubt that Bill Gates is considered something of a hero. With his wealth, power and influence, he has never shrunk from addressing some of the world’s most pressing problems. And he certainly has the wealth, power, influence – and hubris – to do just that.

The Microsoft Days

Back in the olden days of tech, there was a company called Microsoft, which is still around, but in the olden days, the CEO was the company’s founder – a Harvard drop out named Bill Gates, who stole his operating system from Xerox Parc (as did Steve Jobs). Back in the Bill Gates days of MSFT (before he turned the CEO spot over to Steve Ballmer no doubt due in no small part to the government’s antitrust case against the company), MSFT was known for basically three overarching things: products that didn’t work/were buggy/caused the air-sucking blue screen of death, as they were often released before their time; their predatory habits (in those days MSFT was referred to as the Evil Empire); and their desire to crush all competitors. Their charge was basically to win at all costs and if you believe that Gates has changed, here’s a must read: Bill Gates’s Philanthropic Giving Is a Racket.

Here are some of the verticals on which Gates is focused:

Education: Notes The Federalist (Bill Gates Tacitly Admits His Common Core Experiment Was A Failure), “Since 2009, the Gates Foundation’s primary U.S. activity has focused on establishing and implementing Common Core, a set of centrally mandated curriculum rules and tests for what children are to learn in each K-12 grade, with the results linked to school and teacher ratings and punitive measures for low performers. The Gates Foundation has spent more than $400 million itself and influenced $4 trillion in U.S. taxpayer funds towards this goal. Eight years later, however, Bill Gates is admitting failure on that project, and a “pivot” to another that is not likely to go any better.” Despite the fact that, according to The New York Times (The Common Core Costs Billions and Hurts Students), “It was a rush job, and the final product ignored the needs of children with disabilities, English-language learners and those in the early grades… There is nothing to show for it… Last year, (2015) average math scores on the National Assessment of Educational Progress declined for the first time since 1990; reading scores were flat or decreased compared with a decade earlier.” Read More...

Lessons from History and the So-Called ‘New Normal’

Lessons from History and the So-Called ‘New Normal’

At times like these, we have found that in order to see where the world might possibly be going, there is often no better teacher than history. Being in the midst of a “global pandemic,” good to look at what came before.

Often called the “greatest medical holocaust in history,” according to History, “The Spanish flu pandemic of 1918…infected an estimated 500 million people worldwide—about one-third of the planet’s population—and killed an estimated 20 million to 50 million victims, including some 675,000 Americans.” Read More...