asterisk2a + patriarchy + distortion   2

Careful what you wish against: Silicon Valley just rolled out a red carpet to government regulation | PandoDaily
I never thought I’d write these words: Sometimes the public markets is the best thing that can happen to a hot company. [...] Today, Uber running a different playbook than even Facebook. First, it has controlled access to liquidity much more than Facebook ever did. But, by contrast, the company’s access to capital has been an exaggeration of Facebook’s already prodigious fundraising path. Uber has wholly embraced the notion of raising gargantuan amounts of money at jaw-dropping late stage valuations as an avenue to put off an IPO, seemingly indefinitely if it wants. That should suit a CEO like Uber’s Travis Kalanick who bristles at anyone telling him how to do his job and hates government regulation. Importantly, Uber is the first unicorn of the mobile-first era. [...] Uber’s investors have exerted no pressure on the Valley darling. [...] Reckless disregard for customers.
Secondary  Market  IPO  Facebook  Google  Uber  hunt  for  yield  unintended  consequences  dual  stock  structure  Travis  Kalanick  oversight  corporate  governance  corporate  values  corporate  culture  accountability  regulators  self-regulation  regulation  utility  public  utility  public  transportation  mobile  first  mobile  homescreen  Venture  Capital  Patriarchy  ethical  machine  moral  beliefs  crony  capitalism  distortion  Hype  Cycle  Whisper  Secret  user  data  Internet  Privacy  Privacy  TOS  Platform  history 
november 2014 by asterisk2a
What last night’s “The Newsroom” gets wrong about “disruption” in media | PandoDaily
This has become a common theme in Hollywood and television’s depiction of Silicon Valley. Tech entrepreneurs, especially on HBO’s popular series “Silicon Valley,” are often portrayed as awkward losers who lucked into a billion dollar payday simply because they stayed inside playing computer games as kids instead of riding their bikes. It’s as if society still hasn’t graduated from its 1980s “Revenge of the Nerds” mentality. But while there’s truth to every cliche, the act of turning these rich kids into objects of ridicule glosses over the well of sociopathic greed they drew on to make their companies so successful in the first place. Sure, some tech founders are lovable geeks. But the capacity for evil is just as large in Silicon Valley as it is in any other corporate environment. ... [ to the point, that Unterhaltungsfernsehen = menschenverachtend. ]
Silicon  Valley  cliche  stereotype  geek  nerd  Entertainment  Industry  mass  culture  Pop  Hollywood  public  awareness  public  discourse  diffamierung  defamation  public  image  public  perception  subculture  distortion  Patriarchy 
november 2014 by asterisk2a

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