It’s Time to Acknowledge Big Tech Was Always at Odds with … – Tech Policy Press
Karina Montoya is a journalist with a background in business, finance, and technology reporting for U.S. and South American media. She researches and reports on broad media competition issues and data privacy at the Center for Journalism & Liberty, a program of the Open Markets Institute, in Washington, D.C.
This year will be one of the bloodiest for digital media. BuzzFeed News is shutting down, following several layoffs at Vox Media, Insider, NBC News, Gannett, and CNN announced in the first quarter. As I write this article, the New York Times broke the news that VICE is preparing to file for bankruptcy.
Of course, tech firms such as Google and Facebook are also reducing headcounts. But first quarter earnings for those two tech giants, which beat market estimates and made their stocks soar, sent a clear message to investors: Big Tech corporations may be getting rid of some people here and there, but that doesn’t mean they are failing. They have, in fact, plenty of wiggle room…
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