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Tech Bubble 2.0: Bigger Than The Dot Com Bubble

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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.\

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Military

Lucas Gage Returns to X After Exposing Palestine Atrocities & Ban Over Alleged Harassment

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In today’s digital age, social media platforms serve as vital tools for raising awareness and advocating for causes. However, they also present challenges such as harassment and censorship. Recently, actor and activist Lucas Gage faced these challenges head-on when his X account was suspended for several months following harassment from certain groups unhappy with his efforts to expose war atrocities in Palestine. Now, after a prolonged absence, Gage has returned to X, ready to resume his important work of shedding light on crucial issues.

Lucas Gage, known for his roles in various television shows and films, has also been vocal about social justice issues, particularly regarding the Palestinian cause. His advocacy drew the ire of individuals and groups who disagreed with his stance. Gage utilized his platform on X to spotlight the human rights violations and war atrocities occurring in Palestine, which led to backlash from some pro-Israeli factions.

The backlash against Gage escalated into harassment, predominantly from individuals identifying themselves as Zionists. He faced a barrage of abusive messages, threats, and attempts to undermine his activism. Despite his efforts to report and block the harassers, the situation persisted, taking a toll on Gage’s mental well-being and sense of safety.

In a controversial decision, X suspended Gage’s account, citing violations of its community guidelines. Many criticized X for what they perceived as a failure to address harassment effectively, especially given the circumstances surrounding Gage’s case. The ban sparked debates about freedom of expression, censorship, and the responsibilities of social media platforms in safeguarding users from harassment and abuse.

After a hiatus spanning several months, Lucas Gage has made his comeback to X. His return has been met with an outpouring of support from fellow activists, fans, and individuals concerned about censorship and human rights. Gage expressed gratitude for the overwhelming solidarity he received during his absence and reiterated his dedication to advocating for justice and raising awareness about the plight of the Palestinian people.

The incident involving Lucas Gage underscores the significance of advocacy and the hurdles activists encounter, especially when addressing contentious issues. It also highlights the complexities of navigating social media platforms where differing viewpoints often clash, sometimes resulting in hostility and censorship.

As Gage resumes his activism on X, it is imperative to continue discussions about online harassment, censorship, and the necessity for improved mechanisms to shield users from abuse. Social media companies must reevaluate their policies and enforcement strategies to ensure that platforms remain spaces for constructive dialogue and activism, rather than avenues for harassment and stifling dissenting voices.

Lucas Gage’s return to X serves as a testament to the resilience of individuals committed to social justice causes despite facing obstacles and adversity. His experience sheds light on broader issues surrounding online harassment and censorship, prompting important conversations about the role of social media platforms in shaping public discourse. As Gage continues his advocacy, his story serves as inspiration for others to speak out against injustice and strive for positive change.

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Politics

AG Paxton vs. Porn Hub: ‘Good Riddance’

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Title: Safe Haven

In the heart of Texas, amidst the fervor of legislative changes, a seismic shift rocks the digital landscape. It begins with the click of a button – the withdrawal of Pornhub’s services from the Lone Star State.

As news spreads like rapid gusts across the state, reactions are swift and varied. Some applaud the move, citing the recent law mandating stringent age verification measures for users above 18. Among the chorus of voices is Attorney General Ken Paxton, a staunch advocate for child safety and the architect behind the legislative push.

Paxton, a steadfast figure in Texas politics, doesn’t mince words. “Good riddance,” he declares, his tone resonating with unwavering resolve. For him, it isn’t merely about upholding the law; it’s about safeguarding the innocence of Texas youth.

As the dust settles, Paxton’s efforts garner widespread acclaim. He is hailed as a champion of morality, a beacon in the fight against the proliferation of adult content to minors. His unwavering commitment to protecting children from the perils of online platforms like Pornhub speaks volumes.

But beyond the surface, Paxton’s crusade delves deeper into the murky waters of internet governance. He exposes the inherent contradiction within platforms like Pornhub – professing a commitment to age verification while silently capitalizing on the unchecked access of underage users.

In the wake of Pornhub’s departure, a newfound sense of security permeates the digital realm. Parents breathe easier, knowing that their children are shielded from the explicit content that once lurked just a click away. Paxton’s unwavering stance has ushered in a new era of accountability, one where the well-being of children takes precedence over profit margins.

Yet, amidst the celebrations, a sobering reality lingers. Paxton’s battle is far from over. The war against online exploitation demands constant vigilance, a tireless pursuit of justice in an ever-evolving digital landscape.

As the sun sets over the Texas horizon, Attorney General Ken Paxton remains steadfast in his resolve. With each passing day, he continues to champion the cause of child safety, a beacon of hope in a world fraught with danger. And though the road ahead is fraught with challenges, he marches forward, unwavering in his mission to safeguard the innocence of Texas youth – one victory at a time.

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Media

Twitter Profile With No Tweets Or Followers Suspended

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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. 

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