Big Pharma-Tech - Facebook, Apple, Amazon, Netflix, Google, Pfizer, ETC and any other LARGE CORP structure committing corruption disinformation and more.
The American Cyber Civil War
The wikipedia article actually provides a bit of an introduction:
https://en.wikipedia.org/wiki/Dot-com_bubble
(more at link).
Some Dot Com companies were extraordinarily overvalued (in the sense of stock market parlance). They had virtually zero earnings. Their debt-to-equity (D/E) ratio was sky-high and their earnings per share (EPS) was negligible. The ridiculous valuations made no sense whatsoever, in terms of concrete investment metrics. Yet their stock price kept levitating as hot money rushed into the new sector in a speculative frenzy, creating a bubble that kept inflating. Stock market commentary hyping the potential of these companies was everywhere.
The bubble was deliberately created and its entire trajectory planned. It enabled certain insiders to cash out, instant trillionaires. More importantly, it enabled certain individuals and organizations to secure present and future control (utter domination) over a key communications sector. This is especially interesting in light of the known and proven government funding that provided seed capital and promoted the expansion of dozens of key companies in the telecomm sector (think In-Q-Tel, LifeLog,…) Who knows which 3-letter agencies are still entrenched there, burrowed in deeply like a blood-sucking tick and lurking in the shadows while subtly exerting control?
With President Trump's May 28, 2020 executive order declaring internet companies as "publishers" (Section 230) when they use their extraordinary powers to regulate speech and inject their own editorial bias by suppressing conservative speech, we are now seeing the next phase of information warfare play out.
The stranglehold that companies like Twitter, Facebook, Google, etc. had over information flows played a huge role in political victories by the Radical Left, that resulted in the presidency of Barack Obama and the continued domination by leftist governors, left-controlled House of Representatives, etc.
It should never have happened.
Who let it happen? Who caused the Dot Com bubble? Who profited from it (financially)? More significantly, who gained control of information flows as a result? Who planned the takeover of worldwide media?
Will President Trump's order to restore Americans' first amendment right of free speech be effective in returning our society to a more balanced posture, where voices from both the Right and the Left have equal opportunities for debate and discourse?
I guess this is sort of an Op-Ed. Feel free to take it out into the wild. I am anon and will remain so.
Another aspect to the bubble that is rarely (if ever) mentioned is the all the work that was happening in parallel for Y2K.
Every major company updated their infrastructure at the same time based on the over-hyped threat of a date format change. All of that simultaneous spending allowed new tech companies to show projected revenue in an attempt to justify valuations.
It also allowed systems within an industry to be updated in lock step which was really convenient for things like price fixing.
Project Veritas Strikes Again: Google Ad Manager Caught on Camera Admitting They Can Offer FREE Advertising Credits to Democrats, Censor Republicans
Project Veritas has dropped another explosive video, this time featuring a Google Ad manager admitting to various ways they could potentially interfere with a free and fair election.
Google Marketing technical account manager Adriano Amaduzzi was caught on camera saying that the big tech giant could meddle “censor out news from your search engine” … “or actually stopping right-wing parties from advertising.”
“You can offer free credits, free advertising credits, to Democratic parties for advertising,” said Amaduzzi.
Amaduzzi also acknowledged that Google’s Trust and Safety staffers are “extreme left” and could get involved in the election.
“Yeah, by stopping Presi–, or actually stopping right-wing parties from advertising,” Amaduzzi said.
Project Veritas founder James O’Keefe said in a statement that Amaduzzi’s statements are consistent with censorship conservatives have faced in the lead up to the election.
“Recently we’ve seen censorship of free thought and stories from the Big Tech giants. Many believe this kind of editorial suppression will affect the upcoming election,” O’Keefe said. “But it seems the biggest tech giant of them all– Google- may have other ways to impact the election–this time coming from their ad sales division overseas.”
Amaduzzi also admitted to ignoring requests from pro-Brexit ads.
“Funny enough about Brexit, I had a guy, linked to, me, for no reason –, I don’t know why, contacted me from LinkedIn and say: ‘Hi I’m head of digital infrastructure of the Conservative Party of the United Kingdom, we would like to do advertising with Google, could you help me with that?’ I was like—I didn’t answer,” Amaduzzi said.
https://www.thegatewaypundit.com/2020/10/project-veritas-strikes-google-ad-manager-caught-camera-admitting-can-offer-free-advertising-credits-democrats-censor-republicans/
Department of Justice
Office of Public Affairs
FOR IMMEDIATE RELEASE
Tuesday, October 20, 2020
Justice Department Sues Monopolist Google For Violating Antitrust Laws
Department Files Complaint Against Google to Restore Competition in Search and Search Advertising Markets
Today, the Department of Justice — along with eleven state Attorneys General — filed a civil antitrust lawsuit in the U.S. District Court for the District of Columbia to stop Google from unlawfully maintaining monopolies through anticompetitive and exclusionary practices in the search and search advertising markets and to remedy the competitive harms. The participating state Attorneys General offices represent Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Mississippi, Missouri, Montana, South Carolina, and Texas.
“Today, millions of Americans rely on the Internet and online platforms for their daily lives. Competition in this industry is vitally important, which is why today’s challenge against Google — the gatekeeper of the Internet — for violating antitrust laws is a monumental case both for the Department of Justice and for the American people,” said Attorney General William Barr. “Since my confirmation, I have prioritized the Department’s review of online market-leading platforms to ensure that our technology industries remain competitive. This lawsuit strikes at the heart of Google’s grip over the internet for millions of American consumers, advertisers, small businesses and entrepreneurs beholden to an unlawful monopolist.”
“As with its historic antitrust actions against AT&T in 1974 and Microsoft in 1998, the Department is again enforcing the Sherman Act to restore the role of competition and open the door to the next wave of innovation—this time in vital digital markets,” said Deputy Attorney General Jeffrey A. Rosen.
As one of the wealthiest companies on the planet with a market value of $1 trillion, Google is the monopoly gatekeeper to the internet for billions of users and countless advertisers worldwide. For years, Google has accounted for almost 90 percent of all search queries in the United States and has used anticompetitive tactics to maintain and extend its monopolies in search and search advertising.
As alleged in the Complaint, Google has entered into a series of exclusionary agreements that collectively lock up the primary avenues through which users access search engines, and thus the internet, by requiring that Google be set as the preset default general search engine on billions of mobile devices and computers worldwide and, in many cases, prohibiting preinstallation of a competitor. In particular, the Complaint alleges that Google has unlawfully maintained monopolies in search and search advertising by:
Entering into exclusivity agreements that forbid preinstallation of any competing search service.
Entering into tying and other arrangements that force preinstallation of its search applications in prime locations on mobile devices and make them undeletable, regardless of consumer preference.
Entering into long-term agreements with Apple that require Google to be the default – and de facto exclusive – general search engine on Apple’s popular Safari browser and other Apple search tools.
Generally using monopoly profits to buy preferential treatment for its search engine on devices, web browsers, and other search access points, creating a continuous and self-reinforcing cycle of monopolization.
These and other anticompetitive practices harm competition and consumers, reducing the ability of innovative new companies to develop, compete, and discipline Google’s behavior.
The antitrust laws protect our free market economy and forbid monopolists from engaging in anticompetitive practices. They also empower the Department of Justice to bring cases like this one to remedy violations and restore competition, as it has done for over a century in notable cases involving monopolists over other critical industries undergirding the American economy like Standard Oil and the AT&T telephone monopoly. Decades ago the Department’s case against Microsoft recognized that the antitrust laws forbid anticompetitive agreements by high-technology monopolists to require preinstalled default status, to shut off distribution channels to rivals, and to make software undeletable. The Complaint alleges that Google is using similar agreements itself to maintain and extend its own dominance.
The Complaint alleges that Google’s anticompetitive practices have had harmful effects on competition and consumers. Google has foreclosed any meaningful search competitor from gaining vital distribution and scale, eliminating competition for a majority of search queries in the United States. By restricting competition in search, Google’s conduct has harmed consumers by reducing the quality of search (including on dimensions such as privacy, data protection, and use of consumer data), lessening choice in search, and impeding innovation. By suppressing competition in advertising, Google has the power to charge advertisers more than it could in a competitive market and to reduce the quality of the services it provides them. Through filing the lawsuit, the Department seeks to stop Google’s anticompetitive conduct and restore competition for American consumers, advertisers, and all companies now reliant on the internet economy.
Google is a limited liability company organized and existing under the laws of the State of Delaware, and is headquartered in Mountain View, California. Google is owned by Alphabet Inc., a publicly traded company incorporated and existing under the laws of the State of Delaware and headquartered in Mountain View, California.
https://www.justice.gov/opa/pr/justice-department-sues-monopolist-google-violating-antitrust-laws