philip lelyveld The world of entertainment technology

24Sep/17Off

No Mercy / No Malice: The Worm Has Turned

nmnm-week-jsc-44-gifnew2For the past decade, the loudest arguments waged regarding the Four(Amazon, Apple, Facebook, and Google) were about which CEO was more Jesus-like or should run for president. These platforms brought down autocrats, were going to cure death and put a man on Mars, because they are just so awesome. Media outlets were coopted into serving as the investors relations departments of the Four while drinking up the biggest lie in modern business — “Information wants to be free.” They let big tech crawl, parse, and resell their IP, catalyzing an extraordinary transfer in wealth from the creators to the platforms.

The biggest opportunity for the Four
The Four could pull off one of the greatest moments in business, addressing a huge social issue while disrupting an enormous, wildly profitable sector that hasn’t innovated in decades. One or more of the Four should launch a tuition-free university that blends offline and online learning, and charges firms to recruit. Student debt and corporate profits are at an all-time high, meaning we need to flip the model — charge firms, not students, for education.

See the full story here: https://www.l2inc.com/daily-insights/no-mercy-no-malice/the-worm-has-turned

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