A Quote by Daniel Lyons
Facebook's position with rival tech companies boils down to this: if you want access to all the information we've collected, strike a deal with us.
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We live in a time when there are tech companies that have an unprecedented accumulation of power, wealth, and information with basically no competition. It's not in their nature to self-regulate, to break themselves up, or ask for less information. It's only in their nature to grow and gain more information from us, because the more that they know about us, honestly the better they can market to us and sell to us and make us better consumers.
If you look at how much information you put out, even just on your phone, on Facebook, on Google, whatever, you essentially create a clone of yourself online. And that's at the disposal of these large American tech companies.
I feel it's important that in advising the president, if confirmed, that I deal with facts, that I deal with sufficient information. Which means having access to all information.
Facebook's the real deal. Nobody can buy Facebook now. Everybody has taken an angle at it. But Facebook may be the place that organizes everybody's personal information. It's got a very good chance of being that.
Every Indian kid has access to MySpace and Facebook. But that doesn't mean they have access to books and great teachers. This idea about bringing digital tech into schools is great, but once again I'll say that this is not how people actually learn.
It isn't citizens, or Congress, who decide how our information network regulates itself. We don't get to decide how information companies collect data, and we don't get to decide how transparent they should be. The tech companies do that all by themselves.
The Obama administration has vastly expanded the use of armed drones and concentrated a great deal of diplomatic effort on building and maintaining alliances that share information about terrorists, provide access to get near them, and then strike against them.
It is probable that Facebook boasts the broadest, deepest, and most comprehensive dataset of human information, interests, and activity ever collected.
Twitter, Facebook, and other social media outlets have a great deal of information about all of us - and the government wants to be able to see it.
Facebook is not a company of grass-roots tech enthusiasts. Facebook is not a game tech company. Facebook has a history of caring about building user numbers, and nothing but building user numbers.
Data is powerful and if it's put in the wrong hands, it becomes a weapon. And we have to understand that companies like Facebook, and platforms like Facebook or Twitter, are not just social networking sites. They're opportunities for information warfare.
I think Wall Street is very important, especially to tech companies. Wall Street will get in their rhythm and go fund tech companies, and tech companies will go create jobs and employ a lot of people, so there's that aspect of Wall Street.
I mean, I don't think the Facebook merger with WhatsApp and Instagram should have been approved. But I'm not for reflexively breaking up tech companies.
We're pretty broad as investors. Our thesis is work with great entrepreneurs that believe they can change the world. But there are specific areas that we get excited about - areas like hard tech, deep tech, companies that deal with really difficult technology, etc.
I came to believe that actually [Louis] Brandeis tended to uphold laws that he liked and strike down those that he didn't, generally strike down centralizing federal agencies in the New Deal, and uphold state economic experimentation.
Whether it's Facebook or Google or the other companies, that basic principle that users should be able to see and control information about them that they themselves have revealed to the companies is not baked into how the companies work. But it's bigger than privacy. Privacy is about what you're willing to reveal about yourself.
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