asterisk2a + censorship + profit   2

The Surveillance Economy and Extreme Income Inequality: You Can't Have One Without the Other - YouTube
Uber and Airbnb is equal to informal economy (uncertainty) = staying power only for owner of marketplace (wealth accumulation & ultimate bargain power as owner of (monopoly/oligopoly form of marketplace). Silicon Valley made the informal economy cool again bc its on your smartpone (homescreen). Uber & Co are becoming, as owners of said marketplace, the new super elite (with no shared economic interest & no stakeholder in local economy). Disenfranchised & Price war. // The perfect, crazy, too good to be true, idea - will crash eventually (accumulating wealth with little to no input [see stakeholder theory/shared economic interest/long-term views and interest!]). // Start-up Lesson/Advice: "cost of choice" & paying computation with advertising = corruption (Google, Facebook &Co) paying (Wall Street, short-termism [Fast Food]) for micro-management of your life, of your choice. = U loosing free will. // youtu.be/kZO8mgarU0k youtu.be/XdEuII9cv-U youtu.be/cCvf2DZzKX0 youtu.be/5puB_7Q2n74
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june 2015 by asterisk2a
Snapchat and Spiegel’s Interesting Call on the Hong Kong Demonstrations | TechCrunch
@EvanSpiegel on why @Snapchat chose not to make an 'Our Story' for the Hong Kong protests: 'One of my pet peeves over time is how the technology industry has tried to sell counterculture. It’s tried to sell the revolution. We’ve been really resistant to doing this' || WRONG. Hypocrisy. Selling a pro-democracy movement as counterculture is wrong. it's deceitful. Snapchat and it's investors only hold open the door for China. As long as they don't upset the Chinese regime, they can operate in the future in China. Apps that went "against the China's regiem politics" were shut out of this country, +1bn potential users. It wouldn't be in line with the fiduciary responsibility (to its investors) that Evan Spiegel/Snapchat has to operate along.
Umbrella  Revolution  pro-democracy  movement  Hong  Kong  Occupy  Central  China  censorship  Snapchat  Evan  Spiegel  Venture  Capital  Silicon  Valley  hypocrisy  fiduciary  responsibility  double  standard  crony  capitalism  corporatism  shareholder  shareholder  value  Wall  Street  profit  maximisation 
october 2014 by asterisk2a

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