There are many great things about social media, but there are definitely some pretty crappy elements too.
One of those crappy elements is the tendency of people to use their news feeds to promote their business. You see this on Facebook, LinkedIn, Twitter – someone puts into their feed a blurb about their company or their professional life:
- My store was just mentioned in People magazine!
- Vote for my tech company in this best-startup competition
- Check out my interview on CNN regarding spamming your friends
It takes the self-glorification that already pervades social media – “look how great my life is!” – and adds a professional component. Seeing these items in a friend’s news feed, where I can’t avoid them, is sort of like the friend giving my email address to a spammer, but instead of some stranger peddling me Viagra, it’s my own friend doing the spamming.
When you bring money and career into the news feed glory wall, it commercializes friendships; people are turning friends into customers. And I’m not sure that transformation is reversible. Once you’ve monetized our relationship, can I ever see you as just a friend again?
Double parked in front of a loading zone
This is on a major east-west artery in San Francisco.
Two of the higher profile technology incubator programs – Y Combinator and Tech Stars – recently announced their graduating classes (read about them here and here), and in looking at the companies, I saw, yet again, some reminders of the 1999-like frenzy that the technology industry is currently experiencing.
A few thoughts:
- Not everything needs to happen online; some things (eg. grocery shopping) satisfy a ton of people in their offline incarnation
- Lots of things are already online and don’t need a new vendor. Just because you call yourself the Airbnb of vacation rentals doesn’t mean that VRBO, the very successful existing vacation rental website, needs to be “disrupte.”
- Vertical slicing doesn’t work online. It turns out that the Yelp for contractors is Yelp.
We saw this back in 1999: remember “vertical portals?” Yahoo for gays was PlanetOut, and that didn’t work out too well at all. Vertical slices sound good on paper, but they just don’t work; online it’s just too easy to move from site to site to get what you want. We also saw in 1999 the dot-coming of everything. “We’re going to take your garden online!” Umm, no, you aren’t.
The article about the Y Combinator class even admitted that these companies aren’t world changers, but “perhaps they’ll save a headache or two.” When this is the best that a boosterish tech reporter can come up with, you’ve got problems.
No matter what, you can always trust a swimming pool to add some interesting scenery to your day. This pool was, as you can see, exceptionally colorful.
So festive, this pool.
What if the Terminator was wrong, and Skynet doesn’t plan to eliminate humans via a nuclear apocalypse, but through a global pandemic?
One way that Skynet can kill us all
Below is a photo of the electro-mechanical soap dispenser in the bathroom of my office building. Notice how it has dismantled itself, so soap is no longer dispensed. An entire floor of workers has stopped washing their hands, and it’s just a matter of time before someone gets sick.
Was this faucet designed by Cyberdyne?
As Jude Law learned the hard way (see photo below) in Contagion, it just takes one sick person to start a massive epidemic, killing off vast quantities of humans. If (when?) Skynet becomes self-aware, how do we know that the smoking gun will be in the shape of a mushroom cloud? Maybe it will be in the shape of a sneeze or a cough, a high fever and some agonal spasms.
Another way for Skynet to wipe us out
As politicians in DC lurch toward some sort of bipartisan approach to immigration, conservatives remain adamant that immigrants currently in the country illegally be given no path to citizenship. These conservatives see no reason to reward lawbreakers with citizenship, and worry about the message that will send to future immigrants: if you come here illegally and stay long enough, you will get away with it. I understand this perspective; amnesty reeks of moral hazard. I think that realistically, we need to find a path anyway – we can’t just deport 11million people, many of them employed and embedded in society. But I do very much appreciate the concerns of conservatives on this issue.
However, at the same time, the same conservatives are calling for a tax holiday that will let US companies repatriate their offshore cash at reduced tax rates. Under current law, companies can keep their overseas profits in low tax countries, but if they try to bring that cash back home, they have to pay higher US taxes. In 2004 companies were granted a one-time holiday, with tax rates reduced to 5 percent, and they took advantage by bringing a ton of dough back into the US. But of course, all this tax amnesty did was encourage companies to keep driving their revenue through offshore tax havens, and then use their lobbyists to push for another tax holiday.
If amnesty creates moral hazard, by encouraging people to do the wrong thing and then be forgiven, why would multinational companies be different than illegal immigrants? Storing your cash offshore is not illegal, while immigrating illegally obviously is, but the motivation component is the exact same: if you believe that amnesty encourages behavior, then you need to apply that theory equally across your policies.
By the way, among the leading rationales advanced for the tax holiday is that companies will invest the repatriated cash in jobs and growth. However, studies of the last holiday showed that companies mostly returned the cash to shareholders. Even the Wall Street Journal says so! Here is a story about how companies play the cash repatriation game, and here is one about how hard corporate lobbyists are pushing for a holiday.
OK, this isn’t really a giant ball of flaming gas. It’s actually a lamp shade. But doesn’t it look like one of those cool photos of the sun?
Below is an actual image of the sun.
Really the sun.