On January 6th, Rioters stormed the U.S. capitol building to overturn the results of the 2020 presidential election. These events were inspired by President Trump and organized and promoted on the platforms of publicly traded companies, most notably Facebook and Twitter. To avoid further violence, those companies, and then many more thereafter including YouTube, banned or blocked President Trump’s access to the megaphone they provide. This exposed a major flaw in the business model of many social media platforms: share first, think later. Tech experts Chamath Palihapitiya, Roger McNamee, Chris Kelly and Dick Costolo all predict major changes coming in the social media landscape and Section 230. Watch the video to find out how big tech may be forced to change.
Tag Archives: Investigations
Business: ‘The Costs Of Climate Change’ (Video)
Climate change is about to upend the corporate world through weather-related disasters, regulation and lawsuits. Can businesses react and adapt in time? Read more here: https://econ.st/3slTXIE
Anaylysis: China Tests New ‘Digital Currency’ That Replaces Cash (WSJ Video)
China is testing a digital yuan, aiming to accelerate the replacement of cash and increase state control in a society where digital payments via Wechat Pay and Alipay are already the norm. Here’s what Beijing’s new system looks like—and how it would work. Photo credit: Florence Lo/Reuters
Cell Phones: ‘Why Plans & Bills Are So Costly’ (Video)
The average American spent $1,218 for cell phone service in 2019. That comes out to just over $100 per month. Check out the video to find out why you may be paying so much for your phone service and what you can do to save some money.
Self-Storage: ‘Growth Of A $22 Billion Industry’
Americans collectively have more than five billion items sitting at home that they no longer use, according to a 2019 survey by online marketplace Mercari. One-click shopping and the globalization of overseas manufacturing has made it easier than ever for consumers to acquire goods. According to the Self Storage Association, an industry trade group, more than 10% of households in the U.S. rented a self-storage unit in 2020, 18% more than in 2005. The self-storage industry has continued to outperform during the pandemic, with several companies reporting strong occupancy and healthy demand, according to the research site Yardi Matrix. But with headwinds threatening the economy will self-storage companies like Public Storage and Extra Space Storage be able to maintain their momentum? And what will new disruptors like Neighbor and Clutter mean for the future of the industry?
Investigation: ‘How The Rioters Stormed The U.S. Capitol’ (WSJ Video)
A congressional exercise in the peaceful transfer of power devolved into deadly chaos when a pro-Trump mob stormed the Capitol. Hours after the riots, Congress reconvened and certified President-elect Joe Biden’s victory. Photo: Lev Radin/Pacific Press via ZUMA Wire
Analysis: ‘Will The Green Energy Boom Last?’ (Video)
Investors have been pouring more money than ever into renewable energies such as solar and wind. WSJ looks at how the pandemic, lower energy costs and global politics have driven the rally–and whether it can last.
Analysis: The Shrinking U.S. Population (CNBC Video)
The US is facing an aging population, falling birth rate and economic recession caused by the coronavirus pandemic. These issues will have huge implications on the size of the workforce and the consumer base. Watch the video to find out why America could be confronting an underpopulation problem and what business leaders and policymakers can do about it.
Technology: Tesla Battles Nio In China – Charging Vs Battery Swapping (Video)
Gone are the long waits at charging stations: Chinese electric-vehicle startup NIO is pioneering battery-swap systems, challenging Tesla and other rival car makers. Here’s how NIO and Tesla are racing for the world’s largest EV market in China.
Photo illustration: Sharon Shi
Investigations: Chinese Telecomunications Giant Huawei – High Tech or Spy?
Telecommunications giant Huawei is said to be one of the most powerful companies in China. But Huawei has been accused of systematic espionage, and some Western governments doubt whether the company is truly independent of the Chinese government.
This documentary investigates concerns about Huawei and internet security. The company is a major player in the manufacture of smartphones, and enjoys a technological lead in the development of the super-fast 5G broadband network worldwide. But the US and some other Western countries suspect that Huawei works closely with the Chinese government on espionage and sabotage operations.
Has Huawei becomne a pawn in the trade war between the US and China? The arrest of Huawei chief financial officer Meng Wanzhou in Canada in 2018 — at the request of US authorities — marked the climax of the conflict between Huawei and Washington. Some European countries also have concerns about the company.
Does Huawei really have close ties to the Chinese government? And what are the benefits and risks for those foreign clients who choose to work with this 5G giant?
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