Even huge scandals can’t dent Big Tech’s big bucks
Did someone mention a techlash? What damn techlash? Silicon Valley is doing A-OK, according to its financials.
The supposed techlash: Facebook is mired in a data scandal. YouTube is plagued by offensive content. Uber’s robo-cars may be dangerous. Google’s in EU courts over anti-competition. Amazon is blamed for job erosion. All is not well!
The news: Facebook posted record profits last quarter. YouTube grew. Google is selling more ads. Amazon doubled profits year-on-year. Microsoft is doing great.
Plus: Even Intel, which suffered a huge security scare, saw profits rise. All is well!
Why it matters: Lawmakers are pushing to rein in tech giants with regulation, while the media deluges us with stories about how the firms betray trust. But users seem undeterred by the issues of privacy and security on which the techlash is based.
Keep Reading
Most Popular
This startup wants to copy you into an embryo for organ harvesting
With plans to create realistic synthetic embryos, grown in jars, Renewal Bio is on a journey to the horizon of science and ethics.
VR is as good as psychedelics at helping people reach transcendence
On key metrics, a VR experience elicited a response indistinguishable from subjects who took medium doses of LSD or magic mushrooms.
This artist is dominating AI-generated art. And he’s not happy about it.
Greg Rutkowski is a more popular prompt than Picasso.
This nanoparticle could be the key to a universal covid vaccine
Ending the covid pandemic might well require a vaccine that protects against any new strains. Researchers may have found a strategy that will work.
Stay connected
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.