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Tag: #FAANG

Web 2.5: A Dangerous Crossroads

Web 2.5: A Dangerous Crossroads

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Image by Lisa Johnson from Pixabay

Web 3 is not about to take over any time soon, especially given the damage that FTX and Sam Bankman-Fried have done to reinforced the public’s view that crypto (an element of Web 3) is rife with fraud and no, we have idea why Bankman-Freed isn’t in prison (‘Why aren’t you in jail already?’ Internet erupts after Sam Bankman-Fried confirms participating in New York Times’ DealBook). Yet according to MSN, We’re Witnessing the End of Social Media, and while the Age of Social was supposedly about ‘connecting,’ it has mostly been responsible for the disconnections that have been going on between people and groups.

So, we seem to be in a strange tech stasis: a no man’s land between the last and the next phase of tech.

Even FAANG – Facebook, Apple, Amazon, Netflix, Google stocks – isn’t FAANG anymore

Now it’s MAMAA – Meta Platforms FB, Alphabet, Microsoft, Amazon and Apple – although we propose MAMMAA, and although not stock related, Musk definitely belongs in the cabal mix and make no mistake about it: The Web 2 cabal is still alive and kicking – and not about to surrender their lead positions to the so-called next iteration of tech and yet a new crop of tech wunderkinds any time soon. Read More...

On Apples, Oranges and Mangos: An End of Summer Compote

On Apples, Oranges and Mangos: An End of Summer Compote

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This week is the last hurrah of summer, so something different this time: a look at what’s been happening in Big Tech at large, primarily with  a number of the FAANG companies – Facebook, Amazon, Apple, Netflix and Google, for those playing the home version – or more appropriately now MAANG, since Facebook is now Meta – and for our purposes here, MAANGO, as we’re including Oracle and some information that recently came to light. Plus, mangos are very much a summer fruit, after all.

Oracle

Speaking of just when you thought it was safe to go back into the water (not!):  Class-Action Lawsuit Accuses Oracle of Tracking 5 Billion People. “Oracle stands accused of collecting detailed dossiers on 5 billion people, with the information gathered including names, home addresses, emails, purchases online and in the real world, physical movements in the real world, income, interests and political views, and a detailed account of online activity,” PC Mag reported.

“This claim is backed up by a video on the ICCL website(Opens in a new window) of Oracle CEO Larry Ellison describing how the company’s real-time machine learning system collects this information and confirms the 5 billion profiles stored in the “Oracle Data Cloud.” The profiles are referred to as a “Consumers Identity Graph.”” Read More...

Post-Covid Tech: The Tipping Points and the Breaking Point

Post-Covid Tech: The Tipping Points and the Breaking Point

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Om Malik did an excellent piece recently entitled The Inevitable has happened. And in a hurry, on fairly recent past crises and the opportunity zones that they created for technology. Head’s up, people: take note of this current crisis, especially since we’re still in medias res and observing first-hand where the shortfalls are. Case in point: The Great Toilet Paper Shortage of 2020.

It’s not tech,but it’s there. Read More...

The Secret Formula for a $1T Valuation

The Secret Formula for a $1T Valuation

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AKA, Who Wants to be a Trillionaire? Ok, maybe not a trillionaire, but running a company with a shot at getting to the trillion dollar status, has been there, or is damn close or potentially able to get there? Notice that Apple, Google, Amazon and Facebook – four of the FAANG stocks – all have something in common: they all have 100M+ plus users, and are “trusted” platforms – “trusted” being an odd choice of words here, in our case, but work with us.

While Netflix is also part of the FAANG stocks and ergo potentially a trillion dollar player, the company is now experiencing something less than that Silicon Valley-venerated hockey stick growth, as Netflix reports slowing subscriber growth for the first time, which is also part of our point here. Read More...

Was Net Neutrality Truly Neutral? Here’s the Score Card

Was Net Neutrality Truly Neutral? Here’s the Score Card

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The number of IPOS, pre and post Net Neutrality, from Statista

There’s currently a push on to reinstate Net Neutrality (U.S. Democrats unveil legislation to reinstate net neutrality rules). “The bill mirrors an effort last year to reverse the FCC’s December 2017 order that repealed rules approved in 2015 that barred providers from blocking or slowing internet content or offering paid “fast lanes,” says the Yahoo piece.

The stated promise of Net Neutrality was a “free and open internet” and maintaining “the last mile.” That’s their story, and they’re sticking to it.

In case you haven’t noticed, with the reversal of Net Neutrality in 2017, we haven’t witnessed “blocking or slowing down of internet traffic” by ISPs. Read More...

Big Tech is riding the same rails as robber barons of the past

Big Tech is riding the same rails as robber barons of the past

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The Last Spike, 1869.

The tech industry – in particular, the FAANG stocks – have hit a strange inflection point. They’re taking a beating on Wall Street. And Facebook is under attack from all sides.

There was The New York Times piece (Delay, Deny and Deflect: How Facebook’s Leaders Fought Through Crisis), which was written with the assistance of no less than 50 sources.

An international committee of foreign governments has requested that Zuckerberg appear before lawmakers to face inquiries, particularly into disinformation, election meddling and privacy issues. Zuckerberg refused. Read More...