Browsed by
Tag: #Google

The Dangers of Founder/C-Suite Myopia

The Dangers of Founder/C-Suite Myopia

Image by OpenClipart-Vectors from Pixabay

The tech times, they are a-changing. Companies are laying off big time and basically across the board, meaning companies large and small, or are in hiring freeze mode. Google employees weren’t happy when they were told that their travel and swag budgets were being cut. Oh, in case you didn’t see the memo, the days of Tech Entitlement are over, too. The economy isn’t what it was during the halcyon days of tech and, news flash – the tech sector is not immune.

Speaking of behemoths, Amazon Abandons Home Delivery Robot Tests in Latest Cost Cuts, Reuters reported. Called Scout, “The slow-moving devices, accompanied by human minders during tests, were designed to stop at a front door and pop open their lids so a customer could pick up a package. Amazon said the battery-powered robots were part of an effort to reduce greenhouse gas emissions in its delivery operations.”

Amazon is feeling the slower sales, too. Then again, the lockdowns are over, and people can go past their doorsteps once again and shop. With many smaller stores shut down in the lockdown era. Amazon was a go-to, and boom! Hockey stick growth. Now, not so much and they’re cost-cutting too, given their now ‘slow growth.’ Did the company think they’d maintain lockdown-level growth or conditions forever? Even hockey sticks have an end point – something tech and tech investors could seemingly never quite grok. 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...

The Billionaire Boys of Summer

The Billionaire Boys of Summer

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.’

  Read More...

This Summer, Read the Tea Leaves

This Summer, Read the Tea Leaves

Image by Please Don’t sell My Artwork AS IS from Pixabay

The Memorial Day Weekend is fast approaching – the official kick off of summer, despite the fact that the official start of the season is still a few weeks away. Given all of the restrictions on our movements and impediments to travel, and since different rules apply in different places, we know that many of you can’t or aren’t traveling and perhaps haven’t been able to go see friends and loved ones for quite some time now, but not to worry: in the event that we’re ever in a lockdown situation again, Google is on the case.

 

As Futurism says, “they’re now debuting a new video chat system they’re calling “Project Starline,”… a dystopic 3D prison-style video chat… So basically, they’ve re-invented the virtual prison visitation phone booth.” Read More...

The Return to the Office and Other Remote Possibilities

The Return to the Office and Other Remote Possibilities

If there’s anything that the last year or so has shown us it’s that, for better or for worse, humans are very adaptable creatures. For example, in the early days of Covid, Google was one of the first companies to have their employees work remotely. There was a culture shock: forcing employees, who were accustomed to spending the majority of their waking hours at the office, to work solely from home.

Now the company is doing an about face. 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...

The Great Tech Disconnects

The Great Tech Disconnects

Jennifer, Mara, Astrid & Aniyia on Medium

How many times have we heard that the VC model is broken? Of course everyone is looking for a unicorn and the big pay-off, but considering the rate of failure of startups, are investors missing the forest though the trees?

That’s not the only disconnect. Again, pay attention.

We found an interesting piece from a few years back (2017) about investing in zebras (Zebras Fix What Unicorns Break), as opposed to unicorns which, let’s face it, are mythical creatures after all, while are zebras slow but steady growth companies that tend to solve real world problems, as opposed to a unicorn such as, for example, Google, which has created more problems for the world than it has solved. That sort of software isn’t eating the world, as Marc Andreessen once said: it’s more or less attempting to chew it up and spit it out. Read More...

The Shift in the Attention Economy

The Shift in the Attention Economy

Image by John Hain

We’ve long been under glaring misconception that the tech uberlords are the smartest guys in the room. Is it that, or were they simply the first guys in the room? Pay attention:

Big Tech has been flexing its muscles more and more, censoring, deplatforming and demonetizing its users, not exclusively for political or ‘inappropriate’ content, or simply coming up with ‘creative’ ways to bring in more for me, but not for thee – because they can.

We know that, certainly since the Age of Social, the platform formerly known as the information superhighway has become a one-way street, but things are shifting and note to self: the cabal is starting to feel the repercussions. Read More...

Antitrust in the Tech Industrial Age

Antitrust in the Tech Industrial Age

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...