At the center of everything I’ve written for the last few months (if not the last few years), sits a cancerous problem with the fabric of how capital is deployed in modern business. Public and private investors, along with the markets themselves, have become entirely decoupled from the concept of what “good” business truly is, focusing on one metric — one| Ed Zitron's Where's Your Ed At
Soundtrack: EL-P - Flyentology At the core of Microsoft, a three-trillion-dollar hardware and software company, lies a kind of social poison — an ill-defined, cult-like pseudo-scientific concept called 'The Growth Mindset" that drives company decision-making in everything from how products are sold, to how your on-the-job performance is judged. I am| Ed Zitron's Where's Your Ed At
OpenAI, a non-profit AI company that will lose anywhere from $4 billion to $5 billion this year, will at some point in the next six or so months convert into a for-profit AI company, at which point it will continue to lose money in exactly the same way. Shortly after| Ed Zitron's Where's Your Ed At
Like this newsletter? Subscribe to my podcast Better Offline - this week we've got a two parter digging into Sam Altman, with a deeper dive featuring Tom Dotan of the Wall Street Journal (Part 1) and Ellen Huet (Part 2, airing Friday.) I think you'll love the back-catalog too! The| Ed Zitron's Where's Your Ed At
Like this newsletter? You should listen to the Better Offline episode! In the first quarter of 2024, Meta made $36.45 billion dollars - $12.37 billion dollars of which was pure profit. Though the company no longer reports daily active users, it now uses another metric: “family daily active| Ed Zitron's Where's Your Ed At
Wanna listen to this story instead? Check out this week's Better Offline podcast, "The Man That Destroyed Google Search," available on Apple Podcasts, Spotify, and anywhere else you get your podcasts. UPDATE: Prabhakar has now been deposed as head of search, read here for more details. This is the story| Ed Zitron's Where's Your Ed At
