when you bet on the future ...you "overpay" ....until you don't ... businessinsider.com/youtube-revenu…. pic.twitter.com/0C8vK4sChj
Yes scale makes all targets easier to attack but that point pales in comparison to media’s right to hold Facebook accountable for its failure to evolve its practices to keep up w/its sovereign-like power. Sovereigns are accountable to citizens. Sovereign-like enterprises less so. twitter.com/shervin/status…
1. Google buying Android for $100m 2. Facebook buying Instagram for $1B 3. Microsoft bought QDOS for $50,000 and renamed it MS-DOS and inking IBM deal twitter.com/RamiReyesVC/st…
16 years ago - social networking was pretty much just a college kid's side project at Harvard Now "social" is worth $1 Trillion+ in value Facebook: $700B Snapchat: $95B Twitter: $40B Pinterest: $50B Linkedin: $26B + telegram, reddit, etc. Things go slowly.. then suddenly.
9 Years Ago Today - Facebook Bought Instagram for ~$1B * many experts mocked the price"it has zero revenue" * I had one well known VC tell me "they bought it for $1b to set the market price for the Facebook IPO at $100B" today IG is easily worth $100B alone. pic.twitter.com/Dku965I6hb
bookmark this if you wanna shove my predictions in my face later.. Next apple = someone who makes a breakthru health wearable device Next amazon = someone who nails hands free shopping (convo commerce) Next facebook = hands free, always on wearable camera pic.twitter.com/CVCXeRCyAT
This week @shaanvp made predictions on what will be the next: - Apple - Facebook - 7/11 - Google He's good at predictions, so listen up. And click the full video for the full ep (he makes more predictions). I think he's 100% right on Apple. Thoughts? pic.twitter.com/CsaeyYCcaO
If The Hustle still had ads then this new Apple update would not have been good for us. That said: I LOVE it. I don’t want to be tracked.
Great discussion @SquawkAlley about Apple monopoly abuses, why the states that are coming after North Dakota might not be as easily intimidated (hint hint @JeffWeninger 😄), and why its good to have friends when you're going up against THE MOST VALUABLE COMPANY IN THE WORLD! twitter.com/CNBCTechCheck/…
This is what a lot of people don't seem to understand. Apple allows a ton of HUGE COMPANIES to simply pay Apple only the $99/year developer fee (which bring in hundreds of millions of dollars per year!), but then extort the 15% of app devs that dare sell digital goods/services. twitter.com/TimSweeneyEpic…
Denmark is going to follow in Australia's footsteps and let Danish media companies bargain collectively for compensation from Facebook and Google. politiken.dk/kultur/medier/…
What shocked me most about the North Dakota bill - that would have forced Apple to give all app developers the same choice in payment processing - was how many people just assumed that Apple would cut off North Dakota from the iOS ecosystem. twitter.com/TheOnion/statu…
This is the best explainer you'll find on the Australian law that made Facebook cut off an entire continent from sharing news. Goes beyond the shallow reading of "this is a link tax". If you can about the future of the internet, you should read it. mattstoller.substack.com/p/facecrook-de…
"Apple: Developers had to pay 70% before the App Store was invented", this is just terrible, horrible misinformation. Ugh. Sad to hear Apple advance this.
"We really need to be cautious about calling Apple and Google monopolies. We don't need to meddle in any private contracts" is what the Arizona democrats are pushing in their caucus video chat. Did anyone of them even @davidcicilline and his committee's report??
This is the trouble with Apple's stance that they do this super-duper diligent job managing the App Store. Ensuring that scammers and worse are kept out. Then they have to own 100% when they approve vile trash like this too. twitter.com/keleftheriou/s…
Apple's muscle in debt collections: "Dustin Curtis got locked out of updating apps on his Mac, locked out of playing music, locked out of accessing his calendar, and the rest of his iCloud, because he was late on a single payment on his Apple Card" 🤯 world.hey.com/dhh/apple-can-…
Facebook tinkering with likes is tobacco tinkering with nicotine. Always "testing", always "caring", never ever gonna fundamental change. When your business model is addictive feedback loops, the addiction is a feature not a bug. twitter.com/InstagramComms…
Opposition to monopoly power is a bipartisan project. Just like legislative capture. If the former does not prevail today, it eventually will. I refuse to believe the long arc of US democracy bends towards corruption. Too depressive. twitter.com/matthewstoller…
Today’s incredible win in the Arizona House for @recobbforazrep on her app store bill is the biggest win for tech antitrust in 20 years. theverge.com/2021/3/3/22309…
You know that Apple's monopoly power is out of control when people immediately think "they'll just cut off any state that dares to cross them". So happy @recobbforazrep addressed threats like this head on: She will not be intimidated, and neither will Arizona ❤️ pic.twitter.com/a9Ft5w7pe1
"That's a pretty common sentiment. People assuming that these big tech companies are now so powerful that they don't have to abide by state laws any more. Instead, they can just retaliate against states by pulling their essential platforms." world.hey.com/dhh/the-arizon…
“Google has inserted itself into the middle, yet is taking far more than a middleman-sized share of the money”, this is the trouble of big tech capture of distribution. Apple, Facebook, Google. All in the same boat, serving as leeches on ecosystems. daringfireball.net/2021/03/google…
Stocks swing up and down and all around, but it has been a gloomy month for Apple’s antitrust luck. Could investors be concerned? pic.twitter.com/LFTGLCqdbJ
The bad news keep rolling in for Apple and the rest of Big Tech. States across the US are pursuing laws to regulate their abuses. Europe has finally kicked into high gear on this as well. Now the White House is appointing confrontational figures too. nytimes.com/2021/03/05/tec…
Google in a nutshell. A graveyard of discontinued, rebranded, half decommissioned services. There's no organizational stamina for anything except that which pillages data, and that which uses the pillaged data to sell ads. They're the digital version of the petro curse. pic.twitter.com/Oz704obImX
The problem with opposing Big Tech is that it doesn't neatly conform to the tribal conventions of fandom. Apple fans love it when I rag on Google. Google fans love it when I roast Apple. Nobody* likes it when I point out structural issues of monopoly power that affect both 😬
"Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say" – @Snowden
Was seriously dismayed to learn that Apple itself engages in targeted advertisement, and no doubt advantages itself in these matters over the likes of Facebook. Apple doesn't need to be a targeted advertisement channel. Really undercuts its privacy credentials. twitter.com/LauKaya/status…
And here's another one for that nostalgic wink! This is available to everyone on HEY World. You just gotta hack that URL. world.hey.com/dhh/the-enclos…