RIP Good Times | On the Future of Big Tech

Annie Rauwerda

The trouble in Silicon Valley goes far beyond the tumult at Twitter and the implosion of FTX; in the sixteen months since Facebook rebranded as Meta, the company has shed thousands of employees, including 11,000 in a single round of layoffs, and has extended its hiring freeze. Across DoorDash, Stripe, Lyft, Salesforce, and other companies, more than 150,000 tech workers lost their jobs in 2022 alone, and stocks have taken...

A Volatile Internet Landscape

Annie Rauwerda

As a kid in Huntsville, Alabama, Jimmy Wales would eagerly plaster his family’s World Book Encyclopedia set with stickers made by the company containing updated information. Some twenty years later, in 1996, he was a PhD dropout building a fledgling company called Bomis, which created web portals linking to sites about laddish topics like cars, philosophy, and sports. The site didn’t find success, however, until it started focusing on porn,...

Copyright © The Drift 2023