Amazon, Apple, Alphabet, Microsoft, and Facebook are all doing better than ever.
The techlash: In case you missed it, Big Tech is under fire. Facebook is being hounded over fake news, Apple is being grilled about smartphone addiction, Google’s in EU court for anti-competition, Amazon is blamed for job erosion … all is not well.
Meanwhile: The five firms—which are the most valuable in the US by market capitalization—published glowing quarterly earnings this week. Apple’s revenue rose 13 percent. Amazon's profit exceeded $1 billion for the first time. Facebook use is down, but revenue is up. Alphabet recorded its 32nd consecutive quarter of revenue growth. Microsoft revenue rose 12 percent. All is well.
Why it matters: Measured by cash flows, at least, any attempts to hold these tech firms to account aren’t yet working. What to do? The Economist recently took an interesting look at how we could police them better.
Here’s how a Twitter engineer says it will break in the coming weeks
One insider says the company’s current staffing isn’t able to sustain the platform.
Twitter’s potential collapse could wipe out vast records of recent human history
What happens when the world’s knowledge is held in a quasi-public square owned by a private company that could soon go out of business?
Twitter may have lost more than a million users since Elon Musk took over
Estimates from Bot Sentinel suggest that more than 875,000 users deactivated their accounts between October 27 and November 1, while half a million more were suspended.
Former Twitter employees fear the platform might only last weeks
An ultimatum by Elon Musk demanding "extremely hardcore" working culture appears to have backfired. Insiders fear this could spell the end without drastic changes.
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