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Parody Accounts on Twitter, Peak Layoff Season, and Tech Monopolies
Pivot
Facebook Is Falling Apart
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We are in one of the most extraordinary pivots in US economic history. It's certainly the biggest that we've ever seen in our lifetimes. Facebook is falling apart at the same time as there has been regulatory scrutiny on the firm since 2018 and there are two antitrust suits against them. The third thing is that Apple decided that they wanted to sort of stay out of the regulatory crosshairs so they kind of got rid of their tacit alliance with Facebook, said we are going to implement a privacy protection frame and they attacked Facebook.
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