CNBC Reports: Blue Apron CEO Matthew B. Salzberg (2nd R) celebrates with co-founders Ilia Papas (R) and Matt Wadiak during the company’s IPO on the New York Stock Exchange in New York, June 29, 2017.
Lucas Jackson | Reuters
Blue Apron CEO Matthew B. Salzberg (2nd R) celebrates with co-founders Ilia Papas (R) and Matt Wadiak during the company’s IPO on the New York Stock Exchange in New York, June 29, 2017.
In case you missed it, the peak in the tech unicorn bubble already has been reached. And it’s going to be all downhill from here. Massive losses are coming in venture capital-funded start-ups that are, in some cases, as much as 50 percent overvalued.
The age of the unicorn likely peaked a few years ago. In 2014 there were 42 new unicorns in the United States; in 2015 there were 43. The unicorn market hasn’t reached that number again. In 2017, 33 new U.S. companies achieved unicorn status from a total of 53 globally. This year there have been 11 new unicorns, according to PitchBook data as of May 15, but these numbers tend to move around, and I believe the 279 unicorns recorded globally in late February by TechCrunch was the peak, where the start-up bubble was stretched to its limit.
A recent study by the National Bureau of Economic Research concludes that, on average, unicorns are roughly 50 percent overvalued. The research, conducted by Will Gornall at the University of British Columbia and Ilya Strebulaev of Stanford, examined 135 unicorns. Of those 135, the researchers estimate that nearly half, or 65, should be more fairly valued at less than $1 billion.\
Twitter Profile With No Tweets Or Followers Suspended
New England – A Twitter page for a group called New England Identitarians was temporarily suspended evidently for using the word “Identitarian”. The page had zero followers at the time, and was yet to even make a tweet. In fact, the page was set to private.
Regardless of what you might think of “Identitarian” ideology, most people can agree that the word itself shouldn’t trigger a ban from the public square, which is what social media companies such as Facebook and Twitter are functioning as. The First Amendment was intended to protect the public from government censorship, but in the current day the main medium for public discourse is social media. Practically speaking, there is no difference. It must be lawfully determined if these companies are neutral platforms, or if they function as publishers with editorial judgement.
The same goes for the popular video platform YouTube as well. Formerly known as a free speech medium, it’s now only friendly for what are deemed acceptable opinions. Across all of these sites, “hate speech” is broadly used as an excuse to censor political views that the company doesn’t like, with a strong partisan bias against conservatives. Other free speech friendly social media networks to try are Telegram, Gab, and Parlor. An up-and-coming alternative to YouTube is BitChute. For livestreaming, there’s D’Live. Perhaps it’s time that we all begin to migrate away from the tyrannical mainstream sites.
Social Media is the Biggest Threat to America… It’s Time to Break Them Up
After the another mass ban by Facebook and Instagram of Alex Jones, Milo, Laura Loomer, and Paul Joseph Watson, it is evermore clear and a massive warning to all conservatives that they are not welcome on social media platforms. Something that should also be considered illegal considering their ‘public square’ standing and non-publisher status, which saves them from sued for libel but [should] curtail their ability to promote, dissuade, or ban content based on their choice.
Facebook went as far to even say they’ll ban anyone or organization that shares content from Alex Jones, Infowars, or any of the banned people mentioned, maybe even more.
Facebook is also conducting election-meddling. Gang Emperor Yang, a meme page for Democratic candidate Andrew Yang, was removed less than a month ago.
President Trump has yet to act on this, ironically without social media Donald Trump would never be President. Considering the Media, Entertainment, and Political monopolies are aligned against him it seems maddening that President Trump hasn’t done one thing besides offer the suggestion to “be good” online.
Despite the fact that it’s hard to find to find any popular conservative right besides Ben Shapiro on the internet. When 2020 roles around it’s going to for Donald Trump’s old coalition to remain strong when his followers, his greatest allies in media, and people who helped get elected directly are being de-platformed, silenced, and banned off of social media.
Facebook Fired Pro-Trump & Anti Hillary Founder of Oculus
Every so often, Silicon Valley’s virtue-signaling, shadowbanning, anti-conservative media titans appear in Congress or devise a quick PR campaign to show to the world just how truly impartial they are with zero liberal bias. And every single time it backfires as their true ideological face quickly emerges from behind a fake, hypocritical mask.
Take the case of former Facebook executive, Oculus co-founder and virtual-reality wunderkind Palmer Luckey, who was a rising star of Silicon Valley when, at the height of the 2016 presidential contest, he donated a modest $10,000 to an anti-Hillary Clinton group. His donation sparked a backlash from his colleagues, which then led to him being put on leave, and six months later he was fired.
What is odd about Luckey’s termination, is that when testifying before Congress about data privacy earlier this year, Mark Zuckerberg denied, or rather lied that the departure had anything to do with politics. In fact, neither Facebook nor Mr. Luckey ever said why he left the social-media giant.
Until now: according to a report from the WSJ, Luckey told people the reason for his termination from that bastion of apolitical impartiality Facebook, was his support for Donald Trump and the furor that his political beliefs sparked within his employer, and Silicon Valley, some of those people say.