![]() ![]() Some have argued these shifts aren’t motivated by fears of a recession but are rather “ bosses reclaiming power from workers”.Įither way, the end of our beloved ZIRP (zero interest rate policy) has prompted tech to look for cash. The layoffs have pruned tech companies’ head counts back to what they were just a year or two ago. Tech stocks have fallen, but really only to pre-pandemic values after a period of being pumped up by overenthusiastic investors who believed we were never going outside again and by an abundance of stimmy sloshing around the economy. On the other hand, a lot of the “tech tough times” narrative is a bit too cute by half. The rivers of gold have dried up, some say, and now Meta is scrambling to find new ways to make money. Big tech’s stock price crumbled over the past twelve months. To some, this is a chain reaction from tech’s humbling in 2022. (Btw, did you see Musk fired more employees this weekend? Can someone tell the last Twitter employee to turn off the office lights when they leave? That is, if they even have offices anymore). Those of us who’ve kept an eye on the Elon Musk Twitter trashfire will recognise this as a familiar move, albeit one that’s tanked fewer companies’ share prices so far. This provides a few benefits: the all-important verified “badge” (icon) next to an account name, improved customer support and security, a boost to an account’s algorithmic reach, and some undisclosed “exclusive features to express yourself in unique ways”, whatever that means. ![]() Meta is going to start charging to use its platform - at least for some users.įacebook and Instagram users can now pay US$11.99 each month to have their accounts verified as part of a trial launched in Australia and New Zealand. Our Facebook chain status-sharing aunties tried to warn us but we didn’t listen. ![]()
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