Trump may bring TikTok back from the dead – but Silicon Valley is itching to get hold of it
https://www.telegraph.co.uk/business/2025/01/19/trump-bring-tiktok-back-dead-silicon-valley/
Andrew Orlowski:
How remarkable it is that Silicon Valley can’t quite repeat the formula. We are told that the brainiest computer and behavioural scientists of their generation are beavering away in Silicon Valley. The venture capital class wants to replace the world’s financial systems with their sketchy crypto software, and has even begun to tell our generals how they should fight wars. But the best boffins can’t seem to replicate TikTok’s winning formula of cute pets and dancing NHS nurses. How hard can that be? Very, apparently.
Curry’s theory is that there is so much “technical debt” built into the systems at Facebook and Google – that so much of their infrastructure is built around specific advertising systems – they have forgotten how to compete anymore. The Schumpeterian cycle of destruction and renewal has been stalled by a lack of competition, and years of windfall profits.
https://www.telegraph.co.uk/business/2025/01/19/trump-bring-tiktok-back-dead-silicon-valley/
Andrew Orlowski:
How remarkable it is that Silicon Valley can’t quite repeat the formula. We are told that the brainiest computer and behavioural scientists of their generation are beavering away in Silicon Valley. The venture capital class wants to replace the world’s financial systems with their sketchy crypto software, and has even begun to tell our generals how they should fight wars. But the best boffins can’t seem to replicate TikTok’s winning formula of cute pets and dancing NHS nurses. How hard can that be? Very, apparently.
Curry’s theory is that there is so much “technical debt” built into the systems at Facebook and Google – that so much of their infrastructure is built around specific advertising systems – they have forgotten how to compete anymore. The Schumpeterian cycle of destruction and renewal has been stalled by a lack of competition, and years of windfall profits.
TikTok Ban: Last Week Tonight with John Oliver