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Tag: #MarkZuckerbert

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.”

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What If Ma Bell Had Behaved Like Facebook? The Facebook Stock Fail Explained

What If Ma Bell Had Behaved Like Facebook? The Facebook Stock Fail Explained

Facebook’s stock took a nosedive last week, sending shockwaves through the stock market. Twitter also took a big hit. Time for perspective: the price is back to where it was in May. The stock price took a big jump in July, then came back down to earth.

Are we looking at end of days, an overdue correction, or time for Facebook et al to reexamine the business model?

The tech sector has no historic perspective. They have always felt that the rules of business don’t apply to them. Tech is a mere extension of utilities we’ve seen before. Facebook, in many respects, is the telco reimagined. Only, in this case, you can reach out and touch people globally, without incurring long distance charges. Or make a conference call, when it comes to posts. Read More...