An astonishing fact about the present moment in technology:
Google—which began by doing one thing, and did it better than anyone else, and used that one thing to become a giant company, richer and more powerful than almost any other entity on earth—has lost its ability to do that one thing.
Google is at the "watering down the chowder" phase of Cory Doctorow's enshittification business model.
https://www.wired.com/story/tiktok-platforms-cory-doctorow/
"I know of a restaurant that served a fantastic clam chowder and was packed with customers every day at lunchtime. Then the business was sold, and the new owner focused on golden eggs—he decided to water down the chowder.
For about a month, with costs down and revenues constant, profits zoomed. But little by little, the customers began to disappear.
1/2
@spradlig
https://www.bloomberg.com/news/articles/2018-04-06/google-thiel-stand-out-in-saudi-prince-s-silicon-valley-tour
https://www.businessinsider.com/saudi-arabia-crown-prince-visits-apple-google-2018-4
https://www.nytimes.com/2018/10/14/business/media/reality-saudi-prince-media-narrative.html
https://techcrunch.com/2018/10/10/will-mbss-money-ever-become-radioactive/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHw6j_vWAEw5r4GXV-IyV7_T6aGFZTvBlcuO7IBcGZZI3yXCRzK2yqn1N1IOWiRiISjGPqqnRldV77BsIDUk2-x8-TeP5hLSDNDyeO1M9BfYZ37tPesLvRu0a53cOuhXlluCO7R7kL787Uz28YlX_hGasM1evsZ1sSSZPEuNC4qO
Were the Saudis involved in efforts to create a financial crisis?
https://www.vanityfair.com/news/2018/10/i-wouldnt-take-that-money-saudi-arabias-dirty-investments-could-be-trouble-for-softbank