On Episode 355 of The Waves of Tech, we are discussing the tech headlines and dissecting the stories that affect you as a consumer and user. The FCC, on a 2-to-1 vote, introduced a rule to effectively end net neutrality and roll back regulations of ISPs as a utility. In an interesting move, IBM is bringing back nearly 400,000 employees back to office as they attempt to consolidate and build directed, focused working teams. Believe it or not, Silicon Valley is not the only hotbed for startups. Cities such as Madison, Phoenix, and Salt Lake City are thriving by becoming attractive landing homes for tech innovation and vision. And finally, Biz Stone is back with Twitter and is positioning himself to work on the company’s overall reputation and standing in social media. Thanks for tuning in! Enjoy the podcast and continue to ride…The Waves of Tech.
FCC Votes to End Net Neutrality
Ajit Pai, the new Chairman of the FCC, has introduced a ruling to end net neutrality introduced in 2015 by the former Obama administration. The move is an attempt to deregulate ISPs as a utility and allow throttled and measures internet access.
- The FCC commissioners voted 2:1 in favor of ending net neutrality regulation
- The rulemaking process opens up in three months to gain public opinion
- Chairman Pai wants to eliminate “unnecessary regulatory” burdens and promote “innovation across the communications industry”
- Commissioner Clyburn, the single dissenter, said ISP never have the public interest first
IBM Tells Employees to Get Back to The Office
From 1995 to 2008, IBM sent employees from the work office back home and sold office holdings to the tune of $1.9 billion. Now in 2017, IBM is bringing nearly 400,000 employees from home back to the office lifestyle.
- The dynamics and environment of business have shifted and requires new approaches
- IBM will focus on consolidating software development and digital marketing staff
- IBM wants to bring “small, self-directed agile teams” back together for decision making
- The advantages and disadvantages of home-based employment can be debated
Start-ups Grow Outside Silicon Valley
There is a belief that Silicon Valley is the one and only location to thrive, build, recruit, and succeed in the startup industry. Many CEOs and companies are bucking that trend, locating themselves in the Midwest, South, and Heartland regions of the United States.
- Madison, Phoenix, Lincoln, and Salt Lake City are hotbeds for tech innovation
- Local governments and economic development agencies are teaming up to make these locations desirables and feasible for tech startups
- Silicon Valley has tremendous saturation, talent turnover, and little company loyalty
- Focus on local communities & expanding fundraising options are abundant in these cities
Biz Stone Back at Twitter & What He Regrets
Biz Stone, one of the original co-founder of Twitter, has returned to his child after selling Ask Jelly to Pinterest. His rumored position will be to assist with the social media platform’s reputation and repair their public opinion.
- He opened up with Inc. to share some of his mistakes and regrets along the way
- Opening up and creating the Mentions Tab was the biggest regret from Biz Stone
- Twitter focused on quick, exponential growth rather than creating slow, steady growth
- Twitter needs to focus on the hate speech, harassment, and abuse toward users