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Tik Tok, Tik Tok, Tik Tok

Tik Tok, Tik Tok, Tik Tok

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Image by Benjamin Zocholl from Pixabay

Due to the purported national security concerns posed by China-based ByteDance’s ownership of Tik Tok, the video sharing app which is used by around 170 million Americans and more than a billion people globally is in the spotlight. Congress is attempting to pass a law requiring that ByteDance divest itself of its interest in the company.

The ban would go into effect in six months.

“These countries have blocked or restricted it (Britain, EU, Canada, India, New Zealand, Afghanistan and Pakistan and note – primarily on government-issued devices),” the Washington Post reported. “The federal government already bans TikTok on government-owned devices.” 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...

How to Make Money in Tech Without Starting a Company

How to Make Money in Tech Without Starting a Company

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Elon Musk is now worth $230 billion—as much as Bill Gates and Warren Buffett combined, and he has even surpassed Jeff Bezos. But, hey, a billion here, a billion there, why quibble? What was not mentioned in the CNBC piece is Elon Musk’s secret? Taxpayer money. His two companies that helped him to achieve that status – Tesla and SpaceX – “together have benefited from an estimated $4.9 billion in government support (subsidies),” according to the LA Times.

 

Considering that it’s lawmakers who decide who gets what, many of them have coincidentally done quite well picking stocks, even though we know that insider trading is illegal – at least for the rest of us. Still, congress is required to disclose their stock transactions. According to NPR, the “STOCK Act is a law that was passed and signed in 2012, (that) requires more disclosures by federal lawmakers when they trade, they purchase, they sell stocks. It also criminalizes trading on inside information.” Read More...

Technology’s Latest Overreach

Technology’s Latest Overreach

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In late October, MailChimp updated their terms of service. Fair enough, and its Acceptable Use is pretty standard: “Please don’t use Mailchimp to distribute anything offensive, to promote anything illegal, or to harass anyone.” All well and good. They spell out a few other businesses that offer services, products, or content that may be considered questionable, and the list is there, although it’s pretty much the usual offending suspects. Again, fair enough and we certain fall far outside of any of those categories and practices, so all good.

But wait! There’s more! Read More...

The Myth of the Gig Economy

The Myth of the Gig Economy

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Image by 1820796 from Pixabay

The so-called sharing/gig economy is under fire – in California, anyway, with State Assembly Bill 5 (AB5). “Under the new “ABC” test (which is part of the new law), an individual is presumed to be an employee, unless the company can prove all of the following: A) that the worker is free from control and direction of the hiring entity in connection with the performance of the work, both under the contract for the performance of the work and in fact; B) that the worker performs work that is outside the usual course of the hiring entity’s business; and C) that the worker is customarily engaged in an independently established trade, occupation, or business of the same nature as the work performed,” The National Law Review explains.

There’s very little genuine sharing going on in the so-called sharing economy. Sharing/gig economy unicorn DoorDash had to change its tipping model after it was discovered that tips that were meant to go to the workers were being kept by the company. Even after they promised to change that, Vox reported that DoorDash was still pocketing workers’ tips, almost a month after it promised to stop. Now it’s Instacart that’s in the crosshairs for taking that page from the Bad Behavior in Tech playbook. “’You have demonstrated a pattern of behavior as CEO of eviscerating our pay and pirating our tips,’” Instacart independent contractors wrote in an open letter to CEO Apoorva Mehta, ahead of a three-day walkout, Mashable reports.

Meanwhile, according to Forbes, California Destroys $1 Trillion Gig Economy With New Law. Read More...