LONDON—Economists have been puzzled in recent years by the so-called “productivity paradox,” the fact that the digital revolution of the past four decades hasn’t resulted in big gains in output per worker as happened with earlier technological upheaval.Many developed economies have actually seen productivity stagnate or decline. A survey from Microsoft Corp. is bolstering one theory about this disconnect. In a poll of 20,000 European workers released Monday, Microsoft, which became one of the world’s most profitable companies by marketing office productivity software, acknowledges new digital technology can, in some circumstances, make businesses less productive. Redmond, Wash.-based Microsoft joins a growing number of prominent Silicon Valley companies and entrepreneurs that are starting to question the social benefits of the technology they once championed. Facebook Inc. warned in December that its social network might, in … [Read more...] about Tech can make businesses less productive, Microsoft survey finds
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Facebook and Google are a “menace” to society because of their failure to protect against “the consequences of their actions,” the billionaire investor George Soros said. Speaking at the World Economic Forum in Davos, Switzerland, Soros launched an aggressive and multipronged attack on the tech giants, accusing them of “monopolistic” and anticompetitive behavior. He said the firms were encouraging “addiction” like gambling companies and called them “obstacles to innovation.” The billionaire investor and philanthropist George Soros has launched a blistering and multipronged attack on Facebook and Google, arguing the tech giants’ size and “monopolistic” behavior had made them a “menace” to society, damaged democracy, and encouraged “addiction” akin to gambling companies. Speaking on Thursday at the World Economic Forum … [Read more...] about George Soros calls Facebook and Google a ‘menace’ to society and ‘obstacles to innovation’ in blistering attack
Rupert Murdoch makes a fair point that Facebook would do right by the media industry by paying for content like cable companies do. Facebook doesn’t have much incentive to listen. The company is already reticent about being seen as a media company and is moving away from the news business. Media companies don’t have a ton of leverage over Facebook or Google. Plus the technological challenges involved in either getting paid or choking off Facebook are significant. The newsrooms at the ‘old media’ Wall Street Journal and ‘digital native’ BuzzFeed may not see eye-to-eye on much, but suddenly their bosses have lots to bond over. That’s because, in one way or another, both News Corp. chairman Rupert Murdoch and BuzzFeed CEO Jonah Peretti believe that Facebook and Google aren’t giving news organizations a fair deal. They want … [Read more...] about Rupert Murdoch may be right that Facebook should pay media companies. That doesn’t mean it’s going to happen.
When big sports deals are up in a few years, there’s a chance that tech companies could get some of the rights. But John Martin, CEO of Turner, thinks the TV industry is likely to hang onto valuable sports rights, despite the deep pockets of big tech. He believes fans won’t like watching sports on platforms like Facebook – and that sports broadcasting expertise is undervalued. Martin also said that TV networks are leaving ad money on the table because of limitations in measuring digital streaming. This post is part of a broader editorial series sponsored by Turner. As part of the series, Turner provided executives for two interviews. Turner did not dictate the editorial direction of these stories, nor did it influence any of the questions asked. As the TV landscape goes through seemingly constant, dynamic change, one assumption is often made about the … [Read more...] about The big question hanging over the TV industry is whether or not anyone wants to watch sports on Facebook
Over the past couple of days, it’s been hard to tell how much progress has actually been made towards solving the DACA situation. But business leaders have a message for Congress: Pass a law to save DACA Dreamers by January 18 or you will be causing US companies a lot of disruption and expense. Over 100 of them, mostly from the tech sector, sent an open letter urging Congress to act and save them from “disruption” and “significant costs.” More than 100 business leaders signed a letter to the US Congress on Wednesday insisting that lawmakers promptly pass a law to protect Dreamers. The letter was signed by a who’s who of tech leaders including IBM CEO Ginni Rometty – who has been fervently championing this cause; Apple CEO Tim Cook; Facebook CEO Mark Zuckerberg; Amazon CEO Jeff Bezos; and Google CEO Sundar Pichai. A few from outside of tech also signed the letter such as … [Read more...] about Ginni Rometty, Tim Cook, Mark Zuckerberg, Jeff Bezos and other tech CEOs warn of ‘significant costs’ and ‘disruptions’ if Congress doesn’t save the Dreamers by January 19