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2022-12-26 Home Front: Politix
A bad year for IT companies
[American Thinker] It has just been reported by Human Events that in 2022, big tech lost $7.4 trillion. Perhaps it has to do with the fact that many are leaving the platforms due to their tyrannical policies, or -- in Twitter's case -- are rebuilding. Many of these companies reported groundbreaking numbers of layoffs. In Twitter’s case, Elon Musk rightfully fired half of the staff that Jack Dorsey had.

Human Events also reports that not one of the fifteen tech companies in the United States made a profit in 2022. This is a great thing. Consequently, due to the loss of money by these companies, many of the CEOs apologized for one mistake or another. However, they never come out and apologized for censoring conservative opinions.

Concerning Meta, Facebook’s parent company, Human Events reports, "after spending billions of dollars on the largely failing metaverse project, and forcing revenue to nosedive, CEO Mark Zuckerberg was forced to layoff around 11,000 employees and admit "I got this wrong." Moreover, Amazon lost more than $1 trillion in market value, becoming the first company to reach such a number. Accordingly, Microsoft lost more than $889 billion, laying off 8,000 employees. Apple, whose products are made in China, did not suffer the same losses. But the company had to cut hundreds of jobs all the same. Lucky Twitter cut only around 3,500 jobs. Of course, the dichotomy with Twitter is that is has become a free-speech platform under the ownership of Elon Musk. Thanks to Musk, Twitter has seen a larger audience and more engagement now, than ever before. These tyrannical big tech companies should look at Twitter for success. Social Media companies should not become a front for the Democrat Party.

Approximately 210,000 employees were laid off by the fifteen tech companies. All fifteen have engaged in the surreptitious censorship of conservatives. In fact, in 2021, all these companies banned the sitting president of the United States, President Donald Trump. If they can do this to Trump, imagine what they can do to you. These parochial companies have demonstrated their will to "follow the money," and this year all that money went down the toilet. These companies sunk, and that is a fantastic thing on behalf of the American people. The next Congress should repeal Section 230, which offers legal protection regarding what appears on their platforms. Will the repeal occur? Probably not, since our politicians have a copious number of lobbyists associated with Silicon Valley. However, great steps should be taken immediately to strip big tech of their protections.

Any time that these left-leaning platforms lose money, it is a good thing. They censored a sitting president, deplatformed conservative thought, lied about January 6th, and lied about COVID-19. The Twitter Files have shed light on all the darkness that these companies kept hidden away from the world. In many ways, the loss of money these companies experienced this year represents justice for all the catastrophes they unleashed. Always remember that a bad day for Silicon Valley is a good day for America.

Posted by Frank G 2022-12-26 07:06|| || Front Page|| [11141 views ]  Top
 File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats 

#1 

BUT!!!
ITSEC services is seeing growth
Posted by NN2N1 2022-12-26 08:21||   2022-12-26 08:21|| Front Page Top

#2 A Social Media or business company may extensively utilize IT, but it is not an IT company in the sense of providing specifically IT products and services.
Posted by Procopius2k 2022-12-26 08:32||   2022-12-26 08:32|| Front Page Top

#3 I check everything I buy for "made in China" and try to buy something not made there . I have a very old Apple phone and will not replace it! I am waiting for Musk to offer something before I buy another!
Posted by Papa Cooky 2022-12-26 08:37||   2022-12-26 08:37|| Front Page Top

#4 Maybe it's that the whole field was wildly overvalued to begin with, and a fad for investors, which led to too much money for the companies to use correctly.
The latest "shiny new thing". Yeah, it's important. But it's not a "can't lose" proposition.
Posted by ed in texas 2022-12-26 10:28||   2022-12-26 10:28|| Front Page Top

#5 
OffShored ITSEC services is seeing growth

Domestic kiddy scripters can't cut it.
Posted by Skidmark 2022-12-26 11:42||   2022-12-26 11:42|| Front Page Top

#6 A strategy of diversification into Hollywood companies would not have helped your portfolio.
Posted by Super Hose 2022-12-26 12:18||   2022-12-26 12:18|| Front Page Top

#7 /\ Hollywood, energy, tech, or consumer goods.
Posted by Besoeker 2022-12-26 12:28||   2022-12-26 12:28|| Front Page Top

#8 Papa Cooky, Samsung smart phones are made in either Korea or Vietnam. Of course, the OS is Google's Android. Wish I could figure out how to overwrite that with Linux. Supposedly, there are ways to run Linux like some kind of app under the auspices of Android but I want Android out of the picture altogether.
Posted by Abu Uluque 2022-12-26 13:01||   2022-12-26 13:01|| Front Page Top

#9 Check Ubuntu Touch
Posted by Skidmark 2022-12-26 19:20||   2022-12-26 19:20|| Front Page Top

13:36 mossomo
13:36 swksvolFF
13:32 mossomo
13:26 Frank G
13:12 Regular joe
13:12 mossomo
13:11 swksvolFF
13:08 Abu Uluque
13:00 swksvolFF
12:59 Regular joe
12:55 Skidmark
12:53 Skidmark
12:52 Abu Uluque
12:50 Abu Uluque
12:49 Skidmark
12:48 NN2N1
12:46 Skidmark
12:44 Bobby
12:43 Abu Uluque
12:41 Bobby
12:38 Skidmark
12:31 swksvolFF
12:30 Skidmark
12:22 Abu Uluque









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