Profits Steer Our Digital Future

This article is part of the On Tech newsletter. You can do this Register here Getting it on weekdays.

To help us understand where our digital life is going next, I’ll steal a line from “All the President’s Men”: Follow the Money.

Why is Spotify Growing up in podcastsThe Because music streaming is a financial death trap and Spotify has to find something that is not. Uber push Shipping everything A classic strategy is: if a business is not profitable, use it as a foundation to sell something else. Apple branching Fitness class membership And (Maybe eventually) cars Because it is trying to find a second act after the iPhone.

The companies that shape how we spend our time and money and the remodel industry are not only based on the choices that compel us, but are also useful for their bottom line.

It’s not bad! Hands up money! And I am overseeing the complex strategies of companies. While profit motives do not explain everything, they are a useful lens to see where technology is and why.

To understand this, I’ll look at two successful tech giants: Amazon and Google.

Amazon got its start in retail, where making a profit of some money from every dollar of merchandise sold is considered very good. Just about anything that Amazon does next is relatively more profitable than buying mixers and dog food from manufacturers and reselling them to us.

This is one of the reasons that Amazon can One gazillion landed in various businesses What may not be immediately understood – even groceries, is a skimp business. It is the magic of beginning life which has profitable potential. Anything new is probably more profitable.

On the other hand, Google got its start in digital advertising, which is basically a net profit. Just about anything it pales in comparison.

Even if Google does not make that much profit on every fresh dollar of sales, joining new areas makes the company hum and expand its technologies to new areas. This is also true for Amazon.

But the beneficial benefits of Amazon and Google make the original an interesting dynamic. Selling cloud-computing software to businesses Amazon’s pretax generates the majority of profits. But for Google, which is in the same business and Badly wants to compete with amazon, Cloud computing will never be profitable like Google’s main money machine. Does that also reduce Google’s incentive to be serious about this business?

This is also an issue for Apple. Selling an Apple car simply cannot generate as much profit as it used to. Apple might be aiming for The luxury car market, and even fancy car companies, generate lower profit margins than iPhones. (Seriously, Apple is really good for the money.)

I don’t want to be meopic about this. Apple rethinking transportation is an exciting prospect for us and could keep the company a technology leader for decades to come. But the profit motive of corporations will affect the technologies they strictly pursue or not.

Tech companies love to divide our deepest desires and talk about changing the world. Money is an indomitable inspiration. but sorry. Money makes the world and technology go round.

The voice you are hearing may be my disheartening voice.

In the United States, under the partial ownership of Walmart and Oracle, there is an arrangement to keep the Tiktok app running … perhaps not happening, The Wall Garden Journal informed of.

You will remember that this deal was done last year Bizarre spectacle results Involving the President of the United States in publicly negotiating trade agreements with some of the world’s most powerful officials.

This was prompted by concerns about Tickcock, owned by Chinese Internet giant ByteDance. Because there is little segregation in China between private companies and the government, some US officials feared that the short-video app could be misused to spread publicity and steal Americans’ personal information.

Some concerns about Tiktok were legitimate, and some seemed motivated by mistaken nationalism. Either way, the American government Threat to close TikTok And melee To make your ownership more American Have done nothing.

But now, there’s a chance for one over. The Journal reported that the Biden administration was determining its response to a potential exposure to Chinese software.

Around this time, let us be more thoughtful about how we think about this. Because TickTock is America’s first wildly popular technology originating from China, I doubt it will be the last.

This time, let’s consider ways to make All types of apps – Not only TikTok – More transparent on the content Computer determined Who can pull people Conspiracy theories. It’s a chance to reconsider Unrestrained data of most Americans – by foreign and domestic companies.

This is an opportunity, For Americans and our government, we want to grapple with what we want to do about less-dominated global technology in the United States. One question is whether US officials and the public should focus on the most serious technology threats from abroad. ()Tittok it can’t be.)

And finally, all this requires our politicians and companies like Facebook Stop using China as a catsug boogieman.

Tiktok Part 1 was meaningless. Let’s make some sense of a sequel.

Source link

Leave a Comment