"Responsible blitzscaling matters because successful blitzscalers often reach a point where they are more than just a business; they actually affect the fabric of society in which they operate... You should imagine a future in which the company has succeeded in becoming a global giant, and then evaluate the likely impact of that success on your key stakeholders and on society as a whole. | | | | "The worst stock market crash in the history of Wall Street. To this day, no one knows who caused it … until now." Showtime's "Black Monday" is hysterical.
(Showtime) | | | | | | “"Responsible blitzscaling matters because successful blitzscalers often reach a point where they are more than just a business; they actually affect the fabric of society in which they operate... You should imagine a future in which the company has succeeded in becoming a global giant, and then evaluate the likely impact of that success on your key stakeholders and on society as a whole.”
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| | rantnrave:// I've only met REID HOFFMAN a few times. But I admire him. Ran into him backstage at LA's 2019 UPFRONT SUMMIT as he was sitting down with MARK SUSTER for a wide-ranging discussion on the blitzscaling model; how startups should think about customer success and global impact; AI, the US and China; and the companies that are exciting him today. On a daily basis, I am in awe of companies like UBER, AMAZON, APPLE, FACEBOOK, and others. From their inception to their product and audience evolution to the massive revenues. They have, in many cases, made our lives easier. They have also sucked inefficiencies out of markets and crushed competitors all in the name of scale, profits, and ultimately success. When the public or government complains, the answers are usually about regulation and breakups.. And maybe in some cases that's necessary. Reid explains in a simple and understandable way that we should not hate scale for scale's sake. In some cases, if U.S. companies are pulled back legally and limited on a scale basis it may put our industries at a disadvantage globally. Other governments, in say CHINA, may help their "blliztscaling" to dominate the same sector. We have to think globally. Reid argues that we "should imagine a future in which the company has succeeded in becoming a global giant, and then evaluate the likely impact of that success on your key stakeholders and on society as a whole." Is Facebook or Amazon so big, so much a part of our lives that they need to now look at their impact on society? To think of society as a customer. The implications are wide-ranging They can affect the mental health of the audience. The discourse between disagreeing POVs. It's political, social, economic and more. Facebook is allowing a level targetting on political ads that affect society? Amazon is going to sell facial recognition to a government? Apple wants 50% from publishers when the news business (the fourth estate) is crumbling? Can the winner take all, scale to win, suck the value out of a market way of doing things reconcile itself with pulling back or making decisions that are not just competitive and financial? We're in uncharted territory. Some of these companies are the size of nation states. They impact hundreds of millions of lives. And yet, do we think that the companies, their leaders and the culture have the ability to respect their power and treat society like a customer? I'm worried. Why? Because in the face of all this, they keep pressing forward often without regard. I'm glad someone like Reid is asking the question. The answers are not simple... Also at the UPFRONT SUMMIT, I sat down with my pal RON HOWARD to discuss the changing media landscape (and what hasn't changed), the evolution of IMAGINE ENTERTAINMENT from a two-man production team to a venture-backed business, and the kinds of stories that drive Ron as a filmmaker... There is literally no “crazy” parade that is nuttier than CPAC and TRUMP... What does—and doesn't—DAN REED's explosive documentary "LEAVING NEVERLAND" say about the KING OF POP, and what does it say about us? And could we cancel MICHAEL JACKSON's music even if we wanted to? MusicREDEF's MATTY KARAS gives us a stellar MusicSET overview... I laughed out loud at SHOWTIME's new series BLACK MONDAY. "Travel back to October 19, 1987—aka Black Monday, the worst stock market crash in the history of Wall Street. To this day, no one knows who caused it … until now. This is the story of how a group of outsiders took on the blue-blood, old-boys club of Wall Street and ended up crashing the world’s largest financial system, a Lamborghini limousine and the glass ceiling." DON CHEADLE is fantastic in the lead role. I think I lost 10 lbs watching him. He's non-stop awesome... Happy Birthday to OREN MICHELS and SEAN ATKINS. Belated to SHAKIL KHAN, BRADLEY SCHWARTZ, TOM ASCHEIM, SEBASTIAN ECHAVARRIA, WALTER DRIVER, JASON KIRK, JENNIFER ZWEBEN, JAKE ZIM, LISA EISENPRESSER, ROBERT STAMBOULI, BILL BEER, CHRIS DOMINGUEZ, SAM GOMEZ, and ARI ACKERMAN. | | | - Jason Hirschhorn, curator |
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| Filmmaker Ron Howard and Jason Hirschhorn (Founder, REDEF) discuss the changing media landscape (and what hasn't changed), the evolution of Imagine Entertainment from a two-man production team to a venture-backed business, and the kinds of stories that drive Ron as a filmmaker. | | |
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| A previously unpublished profile captures the Enquirer boss at start of his reign as gossip king. ‘He likes people walking around in fear,’ says one worker. ‘He gets off on it.’ | | |
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| If customers can’t reach a human, they can’t get their money back. | | |
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| Despite efforts from companies and universities, the number of women majoring in computer science is declining. A non-profit is trying to change that by offering coding lessons to girls as early as kindergarten. | | |
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| Chances are you're not too familiar with Cable One. It's the seventh-largest U.S. cable company, serving customers in Idaho, Texas, and other states, with its headquarters in Phoenix, Arizona. But if you're interested in the future of media, you may want to pay attention. | | |
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| Stéphane Breitwieser robbed nearly 200 museums, amassed a collection of treasures worth more than $1.4 billion, and became perhaps the most prolific art thief in history. And as he reveals to GQ’s Michael Finkel, how Breitwieser managed to do all this is every bit as surprising as why. | | |
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| But Apple could face future threats if the latest trade talks fail. | | |
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| As artificial intelligence driven facial recognition systems blur the lines between privacy and security and can culminate in a surveillance state, is this really the future that we want to build? | | |
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| He’s renowned for assessing talent -- so would he fund Peter Parker? How about Bruce Wayne? | | |
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| Former top national security officials detail a climate of fear, incompetence and hostility to facts in a White House that wasn't ready to run the world. | | |
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| If you look up Dr. Damian Jacob Markiewicz Sendler online, you might think he has a MD and a PhD from Harvard Medical School. He presents himself as the chief of sexology at a non-profit health research foundation based in New York. | | |
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| How Soul Food has become separated from its Black roots. | | |
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| J2 Global owns a portfolio of media and internet service companies that includes PCMag, Mashable, and Speedtest by Ookla. | | |
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| An upcoming legal faceoff over executive hiring could completely upend the traditional studio practice of locking in employees through long-term contracts. Is the entertainment world ready to embrace the gig economy? | | |
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| Forget government-issued food pyramids. Let an algorithm tell you how to eat. | | |
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| Savings, investment, and credit card debt services are increasingly marketing to younger users. But they might be useless-or even predatory. | | |
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| Weddings are big money -- but not for Silicon Valley. | | |
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| Must the reward for a successful TV show always be for it to keep going until it's not as good as it used to be? | | |
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| Inequality, tech as religion, billionaire identity politics, and Winners Take All. | | |
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| Why are ice cubes seemingly as American as unnecessary medical debt? Perhaps it’s all the hard work we used to put into acquiring all that ice back in the day. | | |
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| In Osaka, Japan, in early 1971, a hotel accidentally began transmitting its closed-circuit TV signal to adjacent buildings, thanks to the signal being carried by... | | |
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| iLOVEFRiDAY, Ava Max, & CalBoy have all blown up thanks in part to apps like TikTok & Dubsmash. | | |
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| © Copyright 2019, The REDEF Group |
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