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Liquidators say they can't find the Three Arrows Capital founders. The FTC will crack down on data-anonymization claims. Another smart home company decides to brick some of the hardware that people paid good money for. Hopin is the latest highflyer to fall to earth with layoffs. And what it’s like to work at Twitter right now.
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The famous stock market player Bernard Baruch once said, paraphrasing: Whatever men attempt, they seem driven to overdo. When hopes are soaring, I always repeat to myself that two and two still make four. The main purpose of the market is to make fools of as many people as possible. Today, stories of this lesson being learned by both major VC firms and Elon Musk. Oh, and how North Korean hackers infiltrate companies.
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Apple has a new lockdown mode to triage a whole range of cyberattacks. Also, Mark Gurman has some details on that new, expected, “rugged” Apple Watch. Twitter is testing co-tweets. More details on the new version of Meta’s VR headset. And the weekend longreads suggestions. I’ll explain.
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Weekend Longreads Suggestions:
Will regulators wreck the great gaming consolidation? Can the US bully it’s way to blocking China’s chip development? Are Dilithium crystals the key to saving crypto from quantum computing? And why the crypto crash has been a footnote for Wall Street. At least, so far.
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The Crypto Crash goes ever onward. Klarna is going on a realty tv show called, Now That’s what I Call A Haircut! The hackers have come for the Chinese surveillance state. The World Cup is going to have the robots call offsides. And Steve Jobs is getting the Presidential Medal of Freedom.
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From my original Internet History Podcast, the first of my two episodes outlining the story of eBay, in-depth, as I make the strong case that it was maybe the most important and overlooked startup of the Web 1.0 era. Part 2 of this story coming on Friday.
Time for some deep analysis of the podcast industry. Is Spotify gonna take over all of audio? Is the blockchain useful for podcasting? What is the great Michael Mignano doing next, after leaving Spotify and Anchor?
While I'm away briefly for vacation, here's a talk I gave at Google in December 2018 around the time my book came out. Just a condensed dose of my entire thesis of the technology industry's history from 1994-2006. Nothing much new if you've read my book, but if you want the cliff's notes version, here it is.
From the publisher's feed
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