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Category: Tech Cartel

The Billionaire Boys of Summer

The Billionaire Boys of Summer

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Image by asderknaster from Pixabay

In early July – Independence Day Weekend – 1500 tech leaders and shakers and movers and government representatives met in Sun Valley at the Allen & Co Summit

/Billionaire’s Boys Camp ostensibly to “discuss and somewhat unofficially close on deals that go on to have a greater impact on the rest of the regular world.” Most arrived by private jet as, although lowering the carbon footprint is important to the climate change agenda that applies to the world at large, they’re just not the ‘rest of the world.’

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The Heat Is On…Big Tech

The Heat Is On…Big Tech

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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.”

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Audio-Only Platforms: Listen and Learn

Audio-Only Platforms: Listen and Learn

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The lockdowns have certainly had a huge impact on the online world. First, Zoom mushroomed from out of nowhere, and when Zoom fatigue seemed to be setting in, there was Clubhouse, taking over the zeitgeist and becoming, as the Daily Caller noted (in Here’s What We Know About Clubhouse, The New App That’s Dominating Social Media), the fifth most popular social media app on the Apple store, trailing behind only Facebook, Messenger, Discord, and WhatsApp.

 

Not to be outdone, Facebook is launching several new audio-only features, including “Soundbites…and an audio-only version of Rooms (called Audio Rooms – think Clubhouse).” as The Sun reports. Read More...

1984: Blueprint for the New Normal

1984: Blueprint for the New Normal

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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...

Meet the New Club. Not the Same as the Old Club

Meet the New Club. Not the Same as the Old Club

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It isn’t often that a newco launches that fairly quickly captures unicorn-level attention the way that Clubhouse has. The audio-only social network, which has amassed 2M+ users and $100M in funding in just under a year after launch, seems to have raised the bar by lowering the barrier to participation, meaning, that in most rooms, anyone can raise their hand and, in most cases (depending on the moderator), participate in the discussion. It’s still in beta, so it’s currently iPhone only and invitation only: patience.

“If you could plug into a live conversation about a topic, you’re passionate about, on demand, anywhere in the world, and have an opportunity to not only listen to some of the smartest people on the subject, but also participate with them, would you?” asked Brian Solis in Forbes (The Latest Silicon Valley Unicorn, Clubhouse Raises $100 Million And Also Raises Attention To The Importance Of Audio-Based Social Networking). “…it represents an unquenchable thirst for meaningful community and engagement, especially in light of the chaos and devastation that played out in the forms of disinformation, political theater, and divisiveness across other social networks.” Read More...

Antitrust in the Tech Industrial Age

Antitrust in the Tech Industrial Age

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Facebook is being sued for antitrust violations and AGs in most of the states have signed on. According to the Chicago Tribune, “Lawmakers of both major parties are also calling for stronger oversight of Facebook and other tech industry giants. They argue that the companies’ massive market power is out of control, crushing smaller competitors and endangering consumer privacy and choice. Facebook insists that its services provide useful benefits for users and that complaints about its power are misguided… The FTC and the Justice Department reportedly have been investigating Amazon and Apple, respectively…and Justice Department prosecutors are pursuing a separate antitrust case against Google, one that mirrors its case against Microsoft 20 years ago. Microsoft lost that one, although it escaped a breakup when an appellate court disagreed with the trial judge’s order.”

Om Malik published this piece (My advice to the attorney generals: It’s not about Zuck) and we agree. His point: the Microsoft case didn’t help much in reining in the company. “I would argue that they are doing what they have always done – using their market size as a moat and expanding into new markets. We don’t realize it just yet. Today, they control two major professional networks that will have as big, if not more, significant impact on society in the future — GitHub and LinkedIn…

“My view is that it is okay for these companies to continue and buy younger companies, but they should be restricted to only buying companies that enhance their core and not allowed to buy into new markets. For example, Facebook should not have been allowed to buy Instagram or WhatsApp… In a previous article for The New Yorker, I pointed out, “This loop of algorithms, infrastructure, and data is potent. Add what are called network effects to the mix, and you start to see virtual monopolies emerge almost overnight…”When it comes to Facebook, I wrote, “The more we use it, the more data we give the company, and the more it is able to control where we turn our attention.” Facebook, as a result, “thanks to this loop of algorithms, infrastructure, money, and data, is a winner-takes-all company. Read More...

Fresh Eyes on the New Normal

Fresh Eyes on the New Normal

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Image by Barbara Rosner from Pixabay

To hear the Wall Street Journal tell it, you’d think that the stay at home economy is here to stay.

Frankly, we’re not convinced that the votes are all in yet.

While amusement parks, movie theatres, gyms and many restaurants, et al have closed or have been permanently shuttered, are those verticals truly gone forever? Movie theatre sales had been down for quite some time, thanks streaming services, what to speak of the fact that many A list actors found it incumbent upon themselves to take political stances and lost a good part of their fanbase prior to this flu. The common folk expressed their opinions in box office receipts. Read More...

Net Non-Neutrality in the Age of Social

Net Non-Neutrality in the Age of Social

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Image by mpmd2009 from Pixabay

Esther Dyson used to hold a high level, invitation-only conference each year in Scottsdale, AZ called PC Forum. The dates were always carved in stone on our calendar. The conference was acquired, but one of the last ones under Dyson’s auspices was at the dawn of the Age of Social, and the theme was Users in Charge. That was over a decade ago, and truth be told, Dyson is and always has been something of an optimist.

This past week, both Twitter and Facebook came under fire for censoring a NY Post article that they (baselessly) claimed was based on ‘hacked material.’

Once again, Senate to Subpoena Twitter CEO Over Blocking of Disputed Biden Articles, the Wall Street Journal (et al) reported. Read More...

Don’t Look Now, But the Tech Surveillance State Just Upped the Ante

Don’t Look Now, But the Tech Surveillance State Just Upped the Ante

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We know that the lockdowns with the Covid flu went far in enriching the coffers of the tech cartel at an (even more) accelerated rate than usual (World’s Richest People Smashed Wealth Records This Week). At some point, it’s no longer about money: it’s about what that largesse can bring and in case you missed it, NSA Chief Who Oversaw Sweeping Domestic Phone Surveillance Joins Amazon Board As Director. “This is the very NSA chief (Keith B. Alexander) who was the face of the agency’s mass sweeping up of Americans’ communications exposed by Edward Snowden’s leaks. The US Court of Appeals for the Ninth Circuit earlier this month ruled the invasive NSA program was “illegal” and that US officials lied about it… For those keeping score, not only does Amazon own the The Washington Post and oversees the CIA’s Commercial Cloud Enterprise, it now has on its powerful board of directors the most visible figure from the NSA who illegally spied on Americans for the better part of a decade.” ZeroHedge reported, and it’s a must-read, and note to self: “Crucially his tenure as Director of the National Security Agency went for nearly a decade, from August 2005 to March 2014. From there he founded a cybersecurity technology company in 2014, of which he’s still leads as Co-CEO and president, called IronNet Cybersecurity, Inc.”

The hire came “Just days after Amazon published a scathing letter (in the Washington Post, which, like Amazon, is also owned by Jeff Bezos) slamming President Trump for not allowing the American multinational tech company to get the $10 billion Joint Enterprise Defense Infrastructure (JEDI) contract, which instead was awarded to Microsoft.”

Never mind that Amazon Web Services is now authorized to host the US Department of Defense’s most sensitive data, including top secret Pentagon and NSA information (as of 2017) and also has “a monopoly on many services on the internet,” as Esha (@eshaLegal) noted, and “Even without an ex-spy chief with a less-than-stellar reputation in terms of privacy protection on its board, Amazon has faced growing pushback over its intrusive high-tech devices. Its virtual assistant Alexa was caught red-handed passively recording intimate conversations of unsuspecting family members, while its new fitness tracker ‘Halo’ promises to scan users’ bodies and track emotions in their voice,” RT reported, Read More...

About Those Cell Phones: Is It Really Your Call?

About Those Cell Phones: Is It Really Your Call?

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We reported a month or two back that Apple and Google were building a coronavirus contact tracking system into iOS and Android. “The new system, which is laid out in a series of documents and white papers, would use short-range Bluetooth communications to establish a voluntary contact-tracing network, keeping extensive data on phones that have been in close proximity with each other,” The Verge reported.

Not that these two esteemed members of the tech cartel are known for serving the public good uber alles, and note to self: “At least eight global companies identified as benefitting from China’s enslavement of Muslim minorities published statements celebrating Juneteenth, an American holiday marking the end of slavery in the country.” Of course the list includes Apple and Google – as well as Abercrombie & Fitch, Amazon, FILA, General Motors, Nike, and Ralph Lauren. Read More...