(Uploaded 8/25/20) TikTok is a very popular app with over 1 Billion downloads, which translates to almost 1/7th of World Population. This app is very popular among youngsters here in the USA, just as it has taken the world by storm. TikTok like all other “free” social media platforms, treats its users as their product, their personal data as its currency, and their Business Model is predicated on trading one’s personal information to use these “free” services. The app’s privacy policy says TikTok “may share your information with a parent, subsidiary, or other affiliate of our corporate group” while
Category: Big Tech
Well Played Mr. President!
Posted May 29, 2020 President Trump’s today issued an Executive Order to address the issue of “Online Censorship” by Social Media “Big Tech” companies. In our opinion, this is a great first step in enforcing “fairness” in Social Media content moderation. Section 230 of Communication Decency Act, also known as “Internet Law” provides a framework for Internet operation granting broad immunity to platforms (such as Twitter) that curate and moderate content from lawsuits. This protection is predicated on tech platforms operating in “good faith” failing which these entities lose their “legal immunity” making them open to litigation. However, in
Anti-Trust, Big Tech, Big Tech Breakup, Corporate Governance, Financial Markets, Tech Leadership, US Regulators
Big Tech Breakup – Considerations and Reality – Our Thoughts
Netflix is an amazing digital success story – starting out almost 15 years ago as a predominantly DVD subscription service, Netflix was able to pivot along the way and take advantage of rapidly evolving mobile technology and ever-improving internet speeds to become one of the largest video distribution networks on the planet. The success of Netflix is an excellent example of “creative destruction,” a term originated in the 1940s by economist Joseph Schumpeter, who described it as the “process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new