Friday, August 3, 2018

Silicon Valley Doesn’t Know Best

By CA Political Review, Aug. 02, 2018

Silicon Valley has had a rough year. For the first time since the start of the social media revolution, the American public has begun to question the tech sector’s integrity and intentions. Many brand-name Internet-based companies have worked hard over the years to obscure the true nature of their business models, which typically involve harvesting and selling user data to advertisers. Google, Apple, Facebook, and others have tried to insulate themselves from criticism by cultivating a benign image as post-partisan problem-solvers and pure-hearted community builders. In the first half of 2018, however, giant cracks began to appear in this carefully constructed façade. Facebook founder Mark Zuckerberg was hauled before Congress in April to explain his $500 billion company’s apparently lax attitude toward data privacy. Now the company’s stock price is tumbling, due in part to investor concerns over the run of bad publicity.
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