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“Apple is already dead.”

Nathan Myhrvold, former Microsoft CTO, 1997

“Almost all of the many predictions now being made about 1996 hinge on the Internet’s continuing exponential growth. But I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse.”

Robert Metcalfe, founder of 3Com, 1995

“There is no reason anyone would want a computer in their home.”

Ken Olsen, founder of Digital Equipment Corporation, 1977

“Nuclear-powered vacuum cleaners will probably be a reality within ten years.”

Alex Lewyt, president of Lewyt vacuum company, 1955

“Television won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.”

Darryl Zanuck, executive at 20th Century Fox, 1946

“I think there is a world market for maybe five computers.”

Thomas Watson, president of IBM, 1943

“security, scalability and decentralisation” of crypto transactions was “not achievable,”

Believe them when they tell you.

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Bankman-Fried authorized investments in K5 projects that enriched Kives and Baum with no payoff for FTX or its customers, who were footing the bill, FTX alleged.

In one poor investment, according to the complaint, a Bankman-Fried-controlled shell company used $214 million in funds from FTX to buy a minority stake in Kendall Jenner's 818 Tequila brand, at a time when the tequila company's assets were valued at just $2.94 million in its filings with the U.S. Securities and Exchange Commission. -Reuters

cross-posted from: https://exploding-heads.com/post/139539

Canada’s law expands the territory where big tech platforms are forced to pay for news and could lead to similar laws passing in larger markets, including Brazil, Britain and the United States.

Canada’s law expands the territory where big tech platforms are forced to pay for news and could lead to similar laws passing in larger markets, including Brazil, Britain and the United States.