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Tag: #Meta

Is Facebook Imploding?

Is Facebook Imploding?

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Image by WikiImages from Pixabay

Although you might believe that we meant to say ‘Meta,’ no, we meant Facebook, which is a division of Meta.

According to Techcrunch, Meta says its metaverse biz lost another $3B in Q1 – but the 2030s will be ‘exciting’ and damn the torpedoes. Make no mistake about it and according to Input, Mark Zuckerberg is hell-bent on the metaverse — and getting you to work in VR, pointing out that “The Facebook CEO…sees it as the “successor to the mobile internet”…The big question is if anyone will follow Zuckerberg into the metaverse.”

Certainly not Sheryl Sandberg. According to the Wall Street Journal, “One of the world’s most powerful executives became increasingly burned out and disconnected from the mega-business she was instrumental in building. That dovetailed with a company investigation into her activities. Read More...

What Does a Guy Have to Do to Acquire a Media Company Around Here?

What Does a Guy Have to Do to Acquire a Media Company Around Here?

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Tech has been long overdue for a correction, and it certainly hit this week, with a vengeance and on all fronts, and especially in the stock market, where Jeff Bezos lost $13B in just a few hours. He’s still one of the wealthiest people on the planet but, hey, a billion here, a billion there, before you know it, it adds up to real money

Elon Musk had been battling for Twitter for weeks. The board scoffed at his initial offer. Twitter workers freaked out over Elon Musk in internal Slack messages (“Physically cringy watching Elon talk about free speech,” wrote one site reliability engineer, and for fook’s sake, doesn’t the South African-born billionaire realize that he’s in America now!!!). Now that Musk has more or less been handed the keys, the tech press is up in arms, too, that yet another billionaire owns a media company. Or so it was reported by MSN (backed by billionaire Bill Gates), in a Bloomberg opinion piece (owned by billionaire Michael Bloomberg) published in the Washington Post (owned by billionaire Jeff Bezos).

With all of those forces against him, makes you wonder what a guy has to do to acquire a media company in this day and age? Read More...

Same Schmidt, Different Day

Same Schmidt, Different Day

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It’s been a while since we’ve checked in on the tech cabal,. You know that there’s always something to see. And something they’d prefer you’d not see.

One of the latest reports is that Apple and Meta Gave User Data to Hackers Who Used Forged Legal Requests. It seems the two behemoths “provided customer data to hackers who masqueraded as law enforcement officials,” Yahoo!finance reported, including “basic subscriber details, such as a customer’s address, phone number and IP address, in mid-2021 in response to the forged “emergency data requests.””

It seems that rather than hacking Apple and Meta (nee Facebook) directly, given their armies of coders, instead, the hackers breached law enforcement agencies worldwide. For the record, the hackers who sell this information to various and nefarious, only charge $100-$250 for this service. In 2021, Meta received 21,000+ ‘emergency requests’ which do not need to be signed off by a judge, and complied with 77% of them, while Apple received over 1100 and complied with 93% of them. Read More...

What Hath Tech Wrought…This Time

What Hath Tech Wrought…This Time

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Photo by TheDigitalArtist @Pixabay

The world was up in arms when Russia says it’s blocking Facebook in alarming new censorship push. Meta president of global affairs Nick Clegg then tweeted in response to the move, saying “Soon millions of ordinary Russians will find themselves cut off from reliable information…and silenced from speaking out,” The Verge reported. Yet, how long has the tech cabal been censoring people and posts that are not in lockstep with what they deem appropriate, or do not conform to their agendas?

 

Meanwhile, we’re witnessing The creeping authoritarianism of facial recognition that’s being adopted more and more. “The same technology that Russia uses to keep its people in line has come to America,” Spectator World reported. Of course, it’s all in the name of  lowering crime rates, but note to self, More States Than Ever Passing Laws For No Cash Bail and Pretrial Detention, including New York, where the NYPD provide(d) hard proof that no-bail law is causing a crime spike. Said the New York Post, “Since Jan. 1, 482 suspects busted for serious felonies were released without bail only to commit another 846 new crimes. Over a third were arrested for one of the seven most serious crimes: murder, rape, robbery, felony assault, burglary, grand larceny and grand larceny auto.” Read More...

Is Mark Zuckerberg About to Say ‘Zuck It’?

Is Mark Zuckerberg About to Say ‘Zuck It’?

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pic by giampieroruggieri @pixabay & we do recall when Zuck wore sandals with socks

Short and sweet due to President’s Day Weekend and speaking of the men in charge, think about this:

Jeff Bezos stepped back from the daily grind at Amazon (he’s still Executive Chairman and very much involved, trust us);

Google founders Larry Page and Sergey Brin retreated from the spotlight at Alphabet/Google long ago. Read More...

The Metaverse and the Peloton Saga: A Cautionary Tale

The Metaverse and the Peloton Saga: A Cautionary Tale

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Technologies change with time and circumstances. The lockdowns brought the rise of Zoom, Peloton and Hopin, to name a few. But times change, as do needs and fortunes.

While much attention given of late to Peloton, it’s also notable that Virtual events platform Hopin cut(s) 12% of staff, citing goal of ‘sustainable growth.’ As Techcrunch reported, “Following unprecedented growth and several acquisitions, we are reorganizing to align with our goals for greater efficiency and sustainable growth,” the company said in a statement…Hopin acquired five companies in just 2021, including a $250 million purchase of StreamYard.”

David Bowie said that tomorrow belongs to those who can hear it coming, and as TechCrunch noted, Hopin “merely 11 months prior…closed a $400 million raise at a $5.65 billion valuation. Then (founder Johnny) Boufarhat told TechCrunch that “his company intends on being operationally IPO-ready next year.” Read More...

Is the Long Arm of Silicon Valley Being Cut Off at the Knees?

Is the Long Arm of Silicon Valley Being Cut Off at the Knees?

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Image by OpenClipart-Vectors from Pixabay

f you’ve been following what’s been going on lately in tech and focusing on the headlines, you might have missed the forest through the trees.

Silicon Valley Disruption Part 1:

Facebook just lost half a million users, the headlines screamed (out of nearly 2B, and no bigs, you’d think, but a) they’re not growing, b) those users are in the US: prime market, which meant they took a big hit on their profits and c) it’s the first time ever that FB lost users), and the stock was devalued 20%, wiping  $200BN off the value of parent-firm Meta. Of course, founder  Mark Zuckerberg was quick to come up with the excuses, par usual (ever notice that it’s never his bad?): Read More...

And the Winner for Worst Company of 2021 Is…

And the Winner for Worst Company of 2021 Is…

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According to an audience survey conducted by Yahoo Finance, Facebook/Meta takes the prize, hands down, with 50% more votes than its competitor, Alibaba. According to the article, “its stock price is up 22% year-to-date — strong, but lagging the S&P 500— but down around 13% from its September high.”

So how does one achieve such a dubious honor? Well, there’s CEO and founder Mark Zuckerberg himself, whose list of missteps are just too long to enumerate, considering that many of you no doubt still have holiday shopping to get done and this wouldn’t necessarily be the holiday list worth getting into – again – despite the fact that it is that time of the year.

Then there were “The Facebook Files, a series of investigative reports published by the Wall Street Journal and based on leaks provided by whistleblower Frances Haugen. Much of the publicity around the leaks focused on the impact of Instagram (a subsidiary of Meta Platforms) on teenage girls, and the company’s alleged indifference… Haugen also alleged that Facebook’s potential for radicalization has contributed to genocides in Myanmar and Ethiopia, among a myriad of other concerns expressed in the reports,” as ZeroHedge reminded us. Read More...

Whose Metaverse Is It, Anyway?

Whose Metaverse Is It, Anyway?

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Image by Okan Caliskan from Pixabay

The line is a reference to a comedic variety show hosted by Drew Carey, Whose Line Is It, Anyway?, which was basically an homage to the absurd.

Enter Meta, the Company Formerly Known as Facebook, which some wags have referred to as Mark Zuckerberg’s attempt to escape his many problems in the physical world.  Not the least of which is his loss of a younger audience, and every advertiser knows that it’s best to get them when they’re young.  Even Instagram can’t seem to hold on to those younger eyeballs. In Meta, kids can strap on their headsets (and CFKAF is betting that they will) and enter their own virtual worlds – with friends too, if they choose. Although it won’t be the Oculus headset, since FB is killing off the brand, which means, btw, as Techcrunch pointed out, that  it took Zuck roughly 15 seconds to tell his first lie: “Our mission remains the same — it’s still about bringing people together. Our apps and our brands — they’re not changing either.”

“Mr. Zuckerberg painted a picture of the metaverse as a clean, well-lit virtual world, entered with virtual and augmented reality hardware at first and more advanced body sensors (or neural implants?) later on, in which people can play virtual games, attend virtual concerts, go shopping for virtual goods, collect virtual art, hang out with each other’s virtual avatars and attend virtual work meetings,” wrote The New York Times. Read More...