Scott Galloway is a bestselling author and professor of marketing at NYU Stern.
The following is his recent blog post, republished with permission. It originally ran on his blog, “No Mercy / No Malice.”
The professor outlines 5 possible scenarios for the future of tech — including Twitter pivoting to subscriptions and the Mark Zuckerberg becoming “the world’s most visible oligarch.”
Galloway also calls out Facebook on their claim to want to be a neutral engine — in reality, they’re a willing arbiter of whatever “truth” the highest bidder wants them to promote.
“To my knowledge, there’s never been a successful media-tech firm founded by people in their 60s,” he writes of Quibi, whose death will confirm that the world of start-ups belongs to young people.
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We witness border skirmishes between big tech firms on a regular basis. This year, one or more will erupt into a shooting war. Just as most wars are not a function of ideology but economics, the armies of search, handsets, and performative posts will begin landing paratroopers behind enemy lines and initiate heavy equipment assaults. Yes, I watch too much History Channel.
Wars also make strange bedfellows. For a hot minute (four years) we fought side by side with the USSR. Upon our collective victory, they promptly became our adversary. A weak DOJ and accretion of market cap for the biggest players make 2020 a year for high-profile acquisitions (weddings) and one spectacular failure (a funeral).See the rest of the story at Business Insider
Silicon Valley insider: Fast-growing tech companies represent a disproportionate amount of wealth creation in the US — and Black Americans are locked out of itIf you want to do something to support your Black colleagues, stop being nice at workPatagonia’s departing CEO told us in 2019 that leaders who fail to take action on social issues would ‘face a rising generation of activists.’ Read her full predictions for companies and the future of capitalism here.
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