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Big Tech In The Shit

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Facebook Faces Bankruptcy as Millions Flee Platform Due to Censorship

Facebook is hemorrhaging billions of dollars every single day and losing millions of users due to its overt censorship practices, according to a new report.

Meta, formerly known as Facebook, lost a whopping $232 billion, the biggest ever suffered by a U.S. company in a 24 hour period. By the end of April, it had lost another fifth of its value.

On top of that, Big Tech is finally facing government regulation – that includes Google, Amazon, Apple and Microsoft. Twitter has agreed to meet Elon Musk’s demands to be more forthright about exactly what the billionaire buyer would receive in his pending acquisition.

And, as American politics turns red next year, the regulatory efforts regarding Big Tech will zero in on free speech, with any luck.

Aside from all that, an interesting piece appeared in the Washington Post June 19. It was headlined: “Peter Thiel helped build Big Tech. Now he wants to tear it all down.”

Thiel is a former board member and investor for Facebook, the entrepreneur responsible for PayPal and a billionaire in his own right. According to the story, Thiel networks with Musk.

Here’s a quote from the Post story. Take it for what it’s worth:

Thiel and Musk may herald the rise of a new breed of tech billionaire, turning their deep pockets and distinct ideologies away from the companies that made their fortunes toward building a new version of the American right. It’s a powerful group that has the potential to anoint a rising generation of political leaders, transforming both the GOP and Silicon Valley.

I hope that’s true. We’re getting vibes along those lines from both billionaires.

Consider Thiel colleague Vivek Ramaswamy, co-founder of Strive Asset Management, who says his firm will “pressure CEOs to steer clear of environmental, social and political issues.”

He explains: “Peter deeply believes that there is huge opportunity in creating a parallel economy.” A former biotech CEO, Ramaswamy is the author of “Woke, Inc.: Inside America’s Social Justice Scam.”

There are more such disaffected people leaving Big Tech’s talons. The signs are everywhere. Perhaps more than anything else, the sheer size, influence and wealth of these Big Tech companies is raising concerns – and painting bullseyes on their backs.

“If successful, efforts to curb the power of these firms will change the world as we know it,” says a recent Newsweek piece. “It will either mean reducing our dependence on the digital tools these companies have pioneered and largely offer for free, or open up competition to new tech companies that aren’t so quick to invade privacy, transmit disinformation, spray advertising and support our worst behaviors.”

It adds: “Big Tech is facing a reckoning. It won’t go down without a fight, but there may be little it can do to stem the backlash.”

And there’s more good news.

“The public seems fed up with being tracked by the tech giants,” reports Newsweek. “An October survey conducted by the Public Affairs Council and Morning Consult found that Americans rank the tech sector near the bottom of all major business sectors in trustworthiness; only the pharmaceutical, health insurance and energy industries earned less trust. That’s a huge shift from just four years ago, when the same poll found that the tech industry was deemed the most trustworthy. Surveys from four or more years ago suggested that many users were once willing to trade off some privacy for the convenience of online services and platforms, but the newer data suggests that deal is looking increasingly unattractive.”

Big Tech may be, in some cases, its own worst enemy. Apple’s move to block iPhone apps from tracking users by default may be just the first salvo in a war between Apple, Meta and Google to limit each other’s insights into their users, damaging all their businesses, and perhaps dragging down the entire online advertising industry. Greed has gotten the best of them!

“A lot of the effort to undermine these companies is coming not from the public, but from competitors,” explains Rob Atkinson, president of the Information Technology and Innovation Foundation. “Some of the biggest attacks are between the big tech companies themselves.”

Praise the Lord! Right? The monster of Big Tech can now be seen in all of its hideousness.

Unfortunately, it is far, far from the end of Big Tech. This is only the first time in six years I could even glimpse it.

But it’s in sight now: THE END.

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7 COMMENTS

  1. I heard on the radio yesterday that the tart is calling form more repressive censorship of our media and communication systems.
    Backing her up was kiri fallen the two faced piece of crap that has risen above her abilities in Labour.

    Be kind.

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    • She’s had that “secret agenda” of cracking down on dissent for quite some time now, and it emerges to the forefront occasionally in phrases such as “Yup, yup, that’s what it is . . . ” etc, etc.

      “She who must be obeyed . . . .” for those who remember the series ‘Rumpole of the Bailey’ on TV.

      Clearly she does not believe in democracy.

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  2. I recall my first time with a condom, I must have been 16.
    I went in to buy a packet of condoms at the pharmacy. There was this beautiful assistant behind the counter, and she could see that I was new at it.
    She handed me the package and asked if I knew how to wear one. I honestly answered, “No, this is my first time.”
    So she unwrapped the package, took one out and slipped it over her thumb. She cautioned me to make sure it was on tight and secure. I apparently still looked confused. So she looked all around the store to see if it was empty. It was empty.
    “Just a minute.” she said, and walked to the door, and locked it.
    Taking my hand, she led me into the back room, unbuttoned her blouse and removed it. She unhooked her bra and laid it aside. “Do these excite you?” she asked.
    Well, I was so dumb-struck that all I could do was shake my head. She then said it was time to slip the condom on.
    As I was slipping it on, she dropped her skirt, removed her knickers and sat down at a desk. “Well, come on,” she said, “we don’t have much time.”
    So I climbed on her. It was so wonderful, that unfortunately, I could no longer hold back and KAPOW. I was done within a few minutes.
    She looked at me with a bit of a frown, “Did you put that condom on?” she asked.
    I said, “I sure did.” and held up my thumb to show her.

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  3. The Lady Golfer
    A group of men lived and died for their Saturday morning round of golf. One transferred to another city. From then on their games weren’t the same without him.
    A new woman joined their Club. She overheard the three blokes talking about the situation. She said, “You know, I used to play on my golf team in college and I was pretty good. Would you mind if I joined you next week?”
    The blokes looked at each other. Not one of them wanted to say, ‘Yes’, but she had them on the spot. Finally, one man said it would be okay, but they would be starting early, at 6:30a.m. He figured the early tee-off time would discourage her. The woman replied that it could present a problem and asked if she could be up to 15 minutes late. They rolled their eyes, but said that would be okay. She smiled and said, “Good, I’ll be there either at 6:30 or 6:45.”
    She showed up at 6:30 sharp and beat all three of them with an eye-opening 2-under par round. They were impressed and congratulated her. She was fun and a pleasant person, so back at the clubhouse they invited her back the next week. She smiled, and said, “I’ll be there either at 6:30 or 6:45.”
    The next week she again showed up at 6:30 sharp but this time she played left-handed. They were incredulous as she still beat them with an even par round, despite playing with her off-hand.
    They couldn’t figure her out. She was again very pleasant and didn’t seem to be purposely showing them up. They invited her back again, but each man harboured a burning desire to beat her. The third week, the blokes had their game faces on. But this time, she was 15 minutes late, which made the guys irritable. This week the lady played right-handed, yet narrowly beat all three of them.
    The men mused that her late arrival was attributable to petty gamesmanship on her part, however, she was so gracious and so complimentary of their strong play, they couldn’t hold a grudge.
    Back in the clubhouse, all blokes were shaking their heads. This woman was a riddle no-one could figure out. They had a couple of beers. Finally one of the men asked her point blank, “How do you decide if you’re going to golf right-handed or left-handed?”
    The lady blushed and grinned. “That’s easy,” she said, “When my Dad taught me to play golf, I learned I was ambidextrous. I like to switch back and forth. When I got married after college, I discovered my husband always sleeps in the nude. From then on, I developed a silly habit. Right before I left in the morning for golf practice, I would pull the covers off him. If his you-know-what was pointing to the right, I golfed right-handed; if it was pointed to the left, I golfed left-handed.”
    The men thought this was hysterical. Astonished at this bizarre information, one of them shot back, “But what if it’s pointing straight up?”
    She said, “That’s when I’ll be fifteen minutes late.”

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