Paul

“Excuse me,” I said. “We’re talking about all this like journalism is the only thing that matters, but isn’t this really about… democracy?” If newspapers and magazines are all driven out of business by Google or companies like it, I asked, how are people going to find out what’s going on?”
― Rana Foroohar, Don't Be Evil: How Big Tech Betrayed Its Founding Principles -- and All of Us

“In 2009, the twenty most valuable companies in America had 1,790 employees per $ 1 billion in market cap; today they have 656.57 Perhaps the starkest example of this trend in recent memory: When the social media firm WhatsApp was sold to Facebook in 2014, it had a market cap of $ 19 billion—more than any number of Fortune 500 firms—and only thirty-five employees. 58”
― Rana Foroohar, Don't Be Evil: How Big Tech Betrayed Its Founding Principles -- and All of Us

“Data is the new fuel for growth in multiple industries, from manufacturing to retail to financial services. But unlike other assets, it doesn’t necessarily fuel job growth, but rather, profit growth. And those profits tend to be diverted directly into executives’ and shareholders’ wallets.”
― Rana Foroohar, Don't Be Evil: How Big Tech Betrayed Its Founding Principles -- and All of Us

“This was a culture in which the metrics were always right. The company was simply serving users, even if that meant knowingly monetizing content that was undermining the fabric of democracy.”
― Rana Foroohar, Don't Be Evil: How Big Tech Betrayed Its Founding Principles -- and All of Us