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Tech Bubble 2.0: Bigger Than The Dot Com Bubble

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CNBC Reports: Blue Apron CEO Matthew B. Salzberg (2nd R) celebrates with co-founders Ilia Papas (R) and Matt Wadiak during the company’s IPO on the New York Stock Exchange in New York, June 29, 2017.
Lucas Jackson | Reuters
Blue Apron CEO Matthew B. Salzberg (2nd R) celebrates with co-founders Ilia Papas (R) and Matt Wadiak during the company’s IPO on the New York Stock Exchange in New York, June 29, 2017.
In case you missed it, the peak in the tech unicorn bubble already has been reached. And it’s going to be all downhill from here. Massive losses are coming in venture capital-funded start-ups that are, in some cases, as much as 50 percent overvalued.

The age of the unicorn likely peaked a few years ago. In 2014 there were 42 new unicorns in the United States; in 2015 there were 43. The unicorn market hasn’t reached that number again. In 2017, 33 new U.S. companies achieved unicorn status from a total of 53 globally. This year there have been 11 new unicorns, according to PitchBook data as of May 15, but these numbers tend to move around, and I believe the 279 unicorns recorded globally in late February by TechCrunch was the peak, where the start-up bubble was stretched to its limit.

A recent study by the National Bureau of Economic Research concludes that, on average, unicorns are roughly 50 percent overvalued. The research, conducted by Will Gornall at the University of British Columbia and Ilya Strebulaev of Stanford, examined 135 unicorns. Of those 135, the researchers estimate that nearly half, or 65, should be more fairly valued at less than $1 billion.\

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Politics

The Clash of Titans: X’s Shutdown in Brazil

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In an unprecedented move, Brazil’s Supreme Court has ordered the nationwide suspension of X, the social media platform formerly known as Twitter, marking a significant escalation in the ongoing feud between the platform’s owner, Elon Musk, and Brazilian authorities. This decision stems from Musk’s refusal to comply with court orders to appoint a legal representative in Brazil and to suspend certain accounts accused of spreading misinformation and hate speech.

The tension reached a boiling point when Justice Alexandre de Moraes gave X a 24-hour ultimatum to name a representative or face a complete operational shutdown in Brazil. Musk’s response was to close X’s office in Brazil, citing threats of arrest against his staff for non-compliance with what he described as “secret censoring orders.” This move has left millions of Brazilian users in the dark, with the platform going offline across the nation.

The implications of this standoff are manifold. Firstly, it pits the concept of free speech, as championed by Musk, against Brazil’s judicial efforts to curb what it sees as the spread of dangerous misinformation. Critics argue that this is a test case for how far nations can go in regulating global digital platforms. Secondly, the economic impact on X cannot be understated, with Brazil being one of its significant markets.

The situation has also sparked a debate on digital sovereignty versus global internet freedom. While some see Justice de Moraes’s actions as necessary to protect Brazilian democracy, others view it as an overreach, potentially stifling free expression. As X users in Brazil scramble to find alternatives or use VPNs to bypass the ban, the world watches closely to see if this could set a precedent for other nations grappling with similar issues.

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Tech

Force Free Speech By Regulating Big Tech

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In an era where the digital landscape is dominated by a handful of tech giants, the right to free speech is increasingly under threat. These companies, with their immense power and influence, have taken it upon themselves to police speech, often suppressing conservative and nationalist voices under the guise of combating “hate speech” or “misinformation.” It’s time to reclaim our freedom and ensure that the marketplace of ideas remains open and accessible to all.

The current situation is untenable. Big Tech companies have become the arbiters of truth, deciding what information is permissible and what must be censored. This has led to a chilling effect on free speech, with many individuals and groups afraid to express their opinions for fear of being deplatformed or silenced. This is a direct assault on our fundamental right to free speech, a cornerstone of our democracy.

It is clear that these companies cannot be trusted to regulate themselves. They have repeatedly shown a bias against conservative and nationalist viewpoints, while allowing leftist and progressive voices to flourish. This is not only unfair, it’s a violation of the principle of equal treatment under the law.

To ensure that all voices are heard, we must regulate these tech giants. This does not mean government control over speech, but rather the enforcement of a level playing field where all viewpoints are treated equally. Companies should be held accountable for their actions, and any bias in their moderation policies should be addressed.

One way to achieve this is through the creation of an independent body to oversee the moderation practices of these companies. This body would be tasked with ensuring that all viewpoints are treated fairly, and that any bias is rooted out. It would also have the power to impose fines or other penalties on companies that fail to uphold these standards.

Another approach is to encourage competition in the tech sector. Currently, a handful of companies dominate the market, making it difficult for new entrants to compete. By breaking up these monopolies, we can create a more diverse and competitive marketplace, where no single company has the power to control the flow of information.

In conclusion, the time has come to regulate Big Tech and protect our right to free speech. We cannot allow these companies to continue their biased moderation practices, suppressing conservative and nationalist voices while promoting leftist and progressive viewpoints. It’s time to level the playing field and ensure that all voices are heard. The future of our democracy depends on it.

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Military

Lucas Gage Returns to X After Exposing Palestine Atrocities & Ban Over Alleged Harassment

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In today’s digital age, social media platforms serve as vital tools for raising awareness and advocating for causes. However, they also present challenges such as harassment and censorship. Recently, actor and activist Lucas Gage faced these challenges head-on when his X account was suspended for several months following harassment from certain groups unhappy with his efforts to expose war atrocities in Palestine. Now, after a prolonged absence, Gage has returned to X, ready to resume his important work of shedding light on crucial issues.

Lucas Gage, known for his roles in various television shows and films, has also been vocal about social justice issues, particularly regarding the Palestinian cause. His advocacy drew the ire of individuals and groups who disagreed with his stance. Gage utilized his platform on X to spotlight the human rights violations and war atrocities occurring in Palestine, which led to backlash from some pro-Israeli factions.

The backlash against Gage escalated into harassment, predominantly from individuals identifying themselves as Zionists. He faced a barrage of abusive messages, threats, and attempts to undermine his activism. Despite his efforts to report and block the harassers, the situation persisted, taking a toll on Gage’s mental well-being and sense of safety.

In a controversial decision, X suspended Gage’s account, citing violations of its community guidelines. Many criticized X for what they perceived as a failure to address harassment effectively, especially given the circumstances surrounding Gage’s case. The ban sparked debates about freedom of expression, censorship, and the responsibilities of social media platforms in safeguarding users from harassment and abuse.

After a hiatus spanning several months, Lucas Gage has made his comeback to X. His return has been met with an outpouring of support from fellow activists, fans, and individuals concerned about censorship and human rights. Gage expressed gratitude for the overwhelming solidarity he received during his absence and reiterated his dedication to advocating for justice and raising awareness about the plight of the Palestinian people.

The incident involving Lucas Gage underscores the significance of advocacy and the hurdles activists encounter, especially when addressing contentious issues. It also highlights the complexities of navigating social media platforms where differing viewpoints often clash, sometimes resulting in hostility and censorship.

As Gage resumes his activism on X, it is imperative to continue discussions about online harassment, censorship, and the necessity for improved mechanisms to shield users from abuse. Social media companies must reevaluate their policies and enforcement strategies to ensure that platforms remain spaces for constructive dialogue and activism, rather than avenues for harassment and stifling dissenting voices.

Lucas Gage’s return to X serves as a testament to the resilience of individuals committed to social justice causes despite facing obstacles and adversity. His experience sheds light on broader issues surrounding online harassment and censorship, prompting important conversations about the role of social media platforms in shaping public discourse. As Gage continues his advocacy, his story serves as inspiration for others to speak out against injustice and strive for positive change.

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