How Shareholders Are Destroying The Tech Industry

12 Jul 2024 · 56 min

Ask about this episode

Ask anything about it. ChatGPT or Claude reads this page and answers with the times it was said.

Connect VO and ask about every podcast you hear, including the moments you saved. Add to ChatGPT · Add to Claude

In short

Better Offline - Episode Summary: How Shareholders Are Destroying The Tech Industry

Podcast Overview Title: Better Offline Description: Better Offline is a weekly podcast that examines how the technology industry impacts society, focusing on the often detrimental influence of shareholder supremacy on corporate practices. Hosted by Ed Zitron, the show combines storytelling, interviews, and discussions to demystify the tech industry.

Episode Focus Episode Title: How Shareholders Are Destroying The Tech Industry Episode Description: In this episode, Ed Zitron discusses how shareholder supremacy is driving tech companies to prioritize unprofitable ventures, such as generative AI, at the expense of sustainable practices and innovation. He critiques the emergence of a managerial archetype focused solely on meeting financial targets while being disconnected from labor and creative processes.

---

Key Themes and Discussions

Shareholder Supremacy

  • Definition: The focus on maximizing shareholder value above all else, often leading to harmful business practices and unethical decisions.
  • Impact on Companies: Corporations prioritize short-term profits, which results in pursuing unsustainable projects that do not contribute to meaningful innovation.

Critique of Tech Leaders

  • Mira Morati (OpenAI CTO): Criticized for her lack of technical depth and experience, pointing to her managerial background rather than a strong foundation in technology.
  • Sam Altman (OpenAI CEO): Described as a "charlatan" who has risen in Silicon Valley without substantial contributions to technology.
  • Sundar Pichai (Google CEO): Accused of overseeing the degradation of Google’s core products while still profiting handsomely.

Historical Context and Legacy

  • Jack Welch’s Influence: Zitron links current corporate practices back to Jack Welch’s management philosophy, which emphasized growth at all costs, leading to mass layoffs and the prioritization of shareholder interests over employee welfare.
  • Comparison to Other Companies: Other tech giants like Meta, Microsoft, and Amazon exhibit similar patterns, with leaders who lack technical backgrounds driving decisions that prioritize profits over product quality.

Consequences of Management Styles

  • Detachment from Creation: A new class of managers focuses on financial metrics rather than fostering real innovation or maintaining product quality.
  • Generative AI Critique: Zitron argues that AI is being pursued as a shortcut to growth and profitability, despite its questionable utility and reliability.

Broader Implications on Society

  • Erosion of Quality: The relentless push for profitability leads to worse products and a decline in the overall value provided to consumers.
  • Cultural Critique: The episode expresses a deep disappointment in the tech industry’s trajectory, lamenting the loss of creativity and meaningful contributions to society.

---

Key Takeaways

  • Call to Action: There is a need for accountability in leadership within tech companies. Zitron urges listeners to name and criticize executives who perpetuate harmful business practices.
  • Valuing Human Labor: Emphasis on the importance of creativity and human input in technology, contrasting with the growing trend to automate and streamline labor through AI.
  • Recognition of Good Practices: Encouragement to support companies that genuinely innovate and provide value, rather than those that exploit shareholder supremacy for profit.

---

Conclusion The episode articulates a passionate critique of the current trajectory of the tech industry, driven by shareholder supremacy and a managerial class that prioritizes metrics over meaningful innovation. Zitron's insights aim to inspire listeners to remain critical of tech leaders while advocating for a return to values that prioritize human creativity and sustainable practices.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Hear the part that matters, and keep it.Open this episode in VO. Double tap your headphones to save a moment as you listen.
Get VO free

Transcript

Automatic transcript. May contain errors.

0:00This is an iHeart Podcast.

0:30Thomson Reuters and specialized bikes have since they upgraded to the next generation of the cloud. Oracle Cloud Infrastructure. OCI is the blazing fast platform for your infrastructure, database, application development, and AI needs, where you can run any workload in a high availability, consistently high performance environment, and spend less than you would with other clouds. How is it faster? OCI's block storage gives you more operations per second. Cheaper? OCI costs up to 50 % less for computing, 70 % less for storage, and 80 % less for networking. Better? In test after test, OCI customers report lower latency and higher bandwidth versus other clouds.

1:12This is the cloud built for AI and all your biggest workloads. Right now, with zero commitment, try OCI for free. Head to oracle.com slash strategic. That's oracle.com slash strategic. Mint is still$15 a month for premium wireless. And if you haven't made the switch yet, here are 15 reasons why you should. One, it's$15 a month. Two, seriously, it's$15 a month. Three, no big contracts. Four, I use it. Five, my mom uses it. Are you playing me off? That's what's happening, right? Okay. Give it a try at mintmobile.com slash switch. A upfront payment of$45 per three-month plan,$15 per month equivalent required.

1:51New customer offer first three months only. Then full price plan options available. Taxes and fees extra. CementMobile.com Call Zone Media Oh, hello. Fancy meeting you here. I'm Ed Zitron, and this is Better Offline.

2:13Better Offline In the previous episode, I walked through how General Electric's Jack Welch created the disgraceful terms of modern capitalism. A corporate mindset where thousands of people are laid off to boost revenues when a company is making millions or billions of dollars in profits. And an era of growth at all cost corporations that create nothing but shareholder value. Run by an entire class of managerial pencil pushers that only really care about hitting analyst targets. In this episode, I'm going to show you how bad that's been specifically for the tech industry. As ever, please check out the episode details for an URL that has sources for everything I'm talking about in this and future episodes.

2:57Sorry to repeat myself on that one, but it's really important you know I did not just make all of this up. Anyway. A couple weeks back, OpenAI CTO Mira Murati spoke for nearly an hour at Dartmouth University, where she recently accepted an honorary, which by the way means fake, doctorate of science for, and I quote, Pushing the Frontiers of what Neural Networks Can Do This is, by the way, very funny. It's very funny indeed. Because other than when she graduated with her Bachelor of Engineering from the Thayer School of Engineering, and for one year of her career, Mira Morati has only ever been a manager, specifically a project manager, somebody who doesn't write code or build software, but points at things and says, yeah, we should do that.

3:42After graduating, Mira Morati worked briefly at a French aerospace company called Zodiac as an advanced concepts engineer before joining Tesla in 2013 as a product manager before moving to Leap Motion from 2016 to 2018 where she was the VP of product and engineering. A deceiving title that again does not mean she actually wrote code for a company that also burned tens of millions of dollars on a gesture-based control system for a Mac only to be acquired for$30 million in 2019 at about a tenth of its all-time value. Her role would have undoubtedly involved wrangling Gantt charts, weird product management stuff, just Google it, and spec sheets rather than lines of code in a text editor.

4:24After leaving Leap Motion, Miramirati's career trajectory accelerated in a way that's kind of hard to explain. She moved to OpenAI as its vice president of Applied AI and Partnerships, and was promoted to SVP of Research, Product, and Partnerships in 2020, and then at some indeterminate time in 2022 became its chief technology officer despite having from what i can tell exactly one academic credit to her name in a list of 20 or so people by the way open ai co-founder ilia sudskeva if you're curious he has over a hundred and i realize this is the kind of dick measuring stuff that might not matter but in this specific case for the cto of an organization that's about researching how to build agi you'd think you'd have an academic but don't worry there's many more annoying things about mirror marati during her speech she spoke about how artificial intelligence could kill creative jobs and i quote that shouldn't have been there in the first place something you'd only say if you'd never created anything in your entire goddamn life putting that aside and trust me i'll get to it marati much like sam altman seems like she's full of shit rambling in this vaguest of ways about how the societal impacts of this work are not an afterthought, and that you kind of have to build them alongside the technology.

5:43Yeah, real fucking technical. The chief technology officer of the most prominent startup in America appears to not know that much about technology, to the point that a couple months back she was unable to answer whether Sora, OpenAI's generative video product, was trained on publicly available data, making a face that kind of looks like she was chewing a vinegar-flavored Wasp, and I've linked to this, you know the face if you've looked it up already, it's not a great one. She could have been lying, but Murati rarely demonstrates any kind of technical depth, dancing around answers with these vague, weird explanations, and if you're wondering why the host didn't push back at her at all, it's because the host at Dartmouth, by the way, was Geoffrey Backburn, a career manager at Amazon who recently joined DoorDash's board.

6:29Marati's a weird one I've watched a lot of her interviews A lot of them Hours of them They're all so boring I cannot explain how boring they are But they're not boring because I'm stupid That's another problem They're boring because they're meandering They're non-specific And the people interviewing her are just like Yeah, wow, damn, that's crazy Yeah, so you think AI's good then Oh, shit That's the criticism she's got She never, much like Mr. Altman seems to be in front of anyone who knows what they're talking about or is capable of asking those questions. And yes, the media interviewing these people are limited.

7:07They have remits about what they can and can't say. Can't speak to the exact fundament of it, but it isn't great. But it's very goddamn worrying that the future of the tech industry is in the hands of people who don't seem to know much about tech. OpenAI is run by Sam Altman, an unqualified, non-technical founder who has conned his ways to the heights of Silicon Valley. Google is run by Sundar Pichai, an MBA and a former McKinsey management consultant that's overseen the destruction of Google's core products, laid off tens of thousands of people, and pushed Google to shoehorn generative AI into the core search product with disastrous results, including telling you to put glue on pizza and eat rocks, and so on and so bloody forth.

7:52Microsoft is run by Satya Nadella, yet another MBA that has, in his tenure, overseen layoffs of over 30 ,000 people and pushed his company deep into the deeply unprofitable and unsustainable world of generative AI, while laying off people from the Xbox group, you know, one of the only beloved things Microsoft has left, and also wasting a lot of time on the metaverse, but I'll get to him. Amazon CEO Andy Jassy, who replaced Jeff Bezos, surprise, surprise, he's another MBA. And he started Amazon as a marketing manager in 1997. To his credit, he came up with the idea of Amazon Web Services, which is the cloud platform that a chunk of the internet uses.

8:31And by the way, 10 other people also came up with the idea. And then he was made CEO of Amazon in 2021, at which point a man called Adam Selipsky was made CEO of Amazon Web Services. And guess what? He also has a Harvard MBA. but then he was replaced in March by another guy who also had an MBA this time from Northwestern it's always these management guys the most technical and one of the most profitable parts of Amazon their cloud storage and processing product and I'm crushing it down for the podcast calm down if you're super technical you'd think that would be a tech guy you'd think that would be someone who actually knew what they were goddamn talking about other than the osmosis of being in rooms with people who actually do the work.

9:18And the reason I'm harping on about this is the founding story of Amazon Web Services may be one of the greatest lies in tech's history. I can find no, maybe a little specific evidence as to who the actual architect of AWS was. Just this endless mewling about how Andy Jassy and MBA built one of the most important pieces of technological infrastructure of all time. It's just bollocks. and jesse regularly uses the royal we to talk about how we he built amazon web services despite the fact that he didn't build shit he didn't build anything at all he was a manager managing managers with jeff bezos who was the ceo who was another manager it's all managers all managers doing a management centipede and what little i can find suggests that much of the actual technical work to build amazon web services was done by people like then cto alan vermulon and bruce who founded a company called Alexa Internet that Amazon acquired in 1999 that was instrumental to spinning up the services that became Amazon Web Services, two names that I've never really read in the many, many articles crediting Jassy as the architect behind Amazon's most profitable service.

10:32Yet arguably the most welch-pilled, management-based Silicon Valley staple is Meta, a company dominated by MBAs like Sheryl Sandberg, its first chief operating officer, who has left. replaced by a guy called Javier Olivan, who also has an MBA, Facebook's chief people officer, Laurie Gola, and the chief privacy officer, Michael Protty, all MBAs. Yet what makes Meta such a Welchian nightmare is its dedication to making its products worse in the search of growth, with career product managers like CMO, Alex Schultz, and head of product Naomi Gleit dominating the company from its earliest days and creating a culture that focused entirely on gaming Facebook's metrics to please Mark Zuckerberg's demand.

11:14for perpetual 10 % year-over-year growth in core growth metrics. Meta has laid off over 13 % of its workforce in the last year, over 11 ,000 people, despite the fact that the company has been profitable for over a decade, even while plunging tens of billions of dollars into Zuckerberg's Reality Labs metaverse division and authorizing$50 billion in stock buybacks. In many ways, Zuckerberg is Welch Perfected, the CEO of a company that provides a continuously deteriorating service that prints money while gaming its metrics, such as no longer reporting its monthly active users on earnings, to make Wall Street believe that it's a, quote, good company.

11:53It doesn't matter that Meta has effectively given up on trying to solve its massive problems with AI-generated spam and scams, and 404 Media reports that Meta has turned its back on the experts that helped bolster its content moderation services. Sadly, none of this really matters, because the markets still love meta, even though they punished the company briefly in recent earnings for a, and I quote, light forecast where it, quote, raised investor expectations due to its improved financial performance in recent quarters, leaving little room for error, according to CNBC, a business network that Jack Welch owned a large chunk of through his acquisition of NBC as part of a deal that General Electric acquired RCA Corp in 1985.

12:37It all goes back to Welch, and it's also important to add that, despite all of these layoffs and these light forecasts, meta-executives received bonuses when they fired thousands of people in 2023. Google isn't much better. Since Sundar Pichai, a career product manager and MBA, became CEO in 2015, Google's culture has soured, giving Android inventor Andy Rubin$90 million in 2018 to leave the company after credible sexual misconduct claims, causing a massive walkout over Google's forced arbitration clauses over harassment and discrimination that muzzles victims and empowers the fucking arseholes to hide behind Google, and gives Google the ability to hide its failure to police these people.

13:20This happened in the same year that others walked out over Google's work with the Pentagon. Under Pichai, Google has been fined billions of dollars by the European Union for antitrust violations around its Android operating system, and has found itself embroiled in a three-year-long antitrust battle with the US Department of Justice around its anti-competitive approach to keeping Google Search on top, including paying Apple$20 billion in 2022 to be the default search engine on Safari, their web browser. Under Pishai, Google has replaced hard-working lifers that built the very foundation of the company with contractors, and on the higher levels, scumbags, cretins like Prabhagar Raghavan and Jerry Dishler, the latter of which transparently intimidated the Google Search team to increase ad revenue generated by Search in emails revealed in the trial from March 2019.

14:10You'll be shocked, by the way, to hear that Jerry Dishler has an MBA.

14:18Parking shouldn't slow you down. ParkWiz gives every driver a shortcut. Book ahead, save up to 50%, and skip the hassle of circling the block. Park smarter, park faster. ParkWiz. Download the ParkWiz app today and save every time you park. So I've shopped with quints before they were an advertiser and after they became one. And then again, before I had to record this ad, I really like them. My green over shirt in particular looks great. I use it like a jacket. It's breathable and comfortable and hangs in my body nicely. I get a lot of compliments. I liked it so much. I got it in all the different colors, along with one of their corduroy ones, which I think I pull off.

14:52And really that's the only person that matters. I also really love their linen shirts too. They're comfortable, they're breathable and they look nice. Get a lot of compliments there too. I have a few of them. Love their rust colored ones as well. And in general, I really like quints. The shirts fit nicely and the rest of their clothes do too. They ship quickly, they look good, they're high quality, and they partner directly with ethical factories and skip the middleman. So you get top tier fabrics and craftsmanship at half the price of similar brands. And I'm probably going to buy more from them very, very soon.

15:20Keep it classic and cool this fall with long lasting staples from Quince. Go to quince.com slash better for free shipping on your order and 365 day returns. That's q-u-i-n-c-e dot com slash better. Free shipping and 365-day returns. Quince.com slash better. This is Rob Parker from The Odd Couple with Rob Parker and Kelvin Washington. The Toyota Tundra and Tacoma are designed to outlast and outlive. Backed by Toyota's legendary reputation for reliability. So get in the Tundra with the available iForce Max Hybrid engine. Delivering exceptional torque and towing capacity. or check out a Tacoma with available off-road features like crawl control.

16:09It can take you beyond the trails. Toyota trucks are built to last year after year, mile after mile. So don't wait. Get yours today. Visit buyatoyota.com for deals and more. Toyota, let's go places. Yet as with Meta, and as with all of these companies, excluding OpenAI, which is not public. Google prints money, netting over$23 billion in its first quarter 2024 earnings, the same ones where it announced its first dividend and a$70 billion stock buyback program. It doesn't matter that Google search is incredibly broken as a result of Google's constant drive to increase revenue, or that Google has decided to generate results on search using unreliable generative AI that generates insane answers.

16:59Alphabet, Google's holding company has seen its stock continually rise since March of this year. Even after the eating rocks thing, doesn't that fill your veins full of bile? Doesn't it make you just really, really makes me angry. Makes you very annoyed. I don't like this. I don't like that you and I, we, I guess I'm a podcaster, so probably not, but regular people like you, you go to a job, you do the job. If you do the job badly, you get shit canned. Fair enough. That's what happens, right? These guys, they get paid through the nose for it. They get appreciated. They get a go get them, boy, for fucking everything up.

17:35It's just disgusting. It makes me very upset. And as I've said previously, this is a special kind of financial nihilism that the market continues to reward. One that's poisoned Silicon Valley and elevated men and women like Sam Altman and Mira Morati to positions of power, despite the fact that neither of them actually seems to build technology. Altman himself is a seedy charlatan, one that's grown incredibly powerful in the Valley despite not really having done anything. And it shouldn't surprise anyone that, as I mentioned previously, one of Altman's nine recommended books is Winning by Jack Welch, a book where Welch claims that winning companies are meritocracies and lionizes Kenneth Yu of 3M's Chinese operations for, and I quote, throwing out the phony ritual of annual budgeting and replacing it with sky's the limit dialogue about opportunities, claiming that budgeting at 3M is not about delivering good enough plans and beating them, but about having the courage and zeal to reach for what can be done.

18:30And doesn't that sound like more fun than budgeting? Yes, that last part is a quote. And I imagine he must have been referring to 3M bribing Chinese government officials as a means of selling product between 2014 and 2017, or the thousands of people that 3M has laid off in the last few decades, including in China. Sure, that's what he meant. Jack Welch wouldn't have just been talking out of his ass, would he? No, Jack Welch is the man that Sam Altman lionizes. A sleazy con artist that continually moved around data as a means of making General Electric look bigger and stronger than it really was.

19:03Kind of like how Sam Altman regularly says things like, and I quote, that we'll be able to ask our computer to solve all of physics. Now, this came up on a previous episode, the interview with Nick, the man who said he was a fucking piledriver, you've mentioned AI again. I just want to be clear, that's actually what Sam Altman said. He said, you can ask the computer to solve all of physics. This kind of proves that he doesn't understand tech, but it also proves that he might just be really goddamn stupid. How do you solve physics, Sam? What are you solving? Physics isn't a solution. Sam, maybe you should have stayed in Stanford instead of dropping out and becoming a car.

19:41Sam Altman is kind of in trouble, though, because behind the scenes, Generative AI, it isn't moving the needle. With Isabel Busquette of the Wall Street Journal reporting that companies are finding getting the full value of AI assistance requires heavy lifting, including in her article this hilarious quote from Google Cloud chief evangelist Richard Sirota, by the way, is a career product manager, where he blames those not finding the value in AI for, and I quote, not having their data house in order, chirping that you can't just buy six units of AI and then magically change your business. And you know what?

20:13I actually agree with him In essence, it isn't generative AI's fault that it isn't adapting to your workflows or fulfilling anything No, it's your fault, you nasty little pig You didn't do the work to make artificial intelligence smart, right? That's your fault somehow You should feel ashamed You should apologize to Sam Altman Just kidding In all seriousness, the commonality between all of these people Jack Welch, Sander Pichai, Mira Morati Sam Altman, Mark Zuckerberg and honestly an alarming amount of CEOs inside and outside of tech is that they, along with their companies, have kind of escaped humanity.

20:49They've escaped the human condition. They make their companies bigger for the sake of making them bigger, making more money to increase the value of the financial instrument attached to the company, abstracted away from purpose or craft or creativity or production. These people, management consultants, MBAs, product managers, they're not creators of anything other than financial occultism. A dark art where the financial value of a company is often separated from what it does or whether it's good at it. They're parasites. Meta calls itself, it still calls itself, go on their website and look, a social metaverse company that's, and I quote, committed to keeping people safe and making a positive impact.

21:31But at its core, it's a near monopolistic social data and advertising company that's testing the limits of how little connectivity it can provide in its core products without sacrificing advertising revenue. Mark Zuckerberg has proven he'll do whatever he needs to, including letting deadly misinformation spread on Facebook to keep showing that meta is growing. One might be forgiven for thinking that Mark Zuckerberg is the exception, that he isn't a management goon disconnected from the processes of writing code. This guy coded Facebook, right? This guy's a nerd. He's a little nerd with his keyboard.

22:04He types code, right? Wrong-o! he stopped coding 18 fucking years ago in 2006 this is the guy like just every time i think i've really nailed how bad it gets i hey wait a second hold up wait a second i just thought about something for a second though wasn't cheryl sandberg brought in to make facebook a real mature business oh fuck she shared a communications coach with goddamn jack welch it all goes back to All right, sorry, sorry. Like Welch, Zuckerberg has weathered numerous scandals. The Social Network, a movie that framed him as a sociopathic thief, a data-leaking scandal that may or may not have influenced Mark Paul elections, a scandal where Facebook deliberately emotionally manipulated 700 ,000 users using the newsfeed in 2014.

22:50And that is real, by the way, there's a link to it. It's completely insane. Oh yeah, and a$5 billion FTC fine. And he's come out unscathed, all as he publicly destroys a company that was once globally beloved in the name of endless growth. In fact, much like Welch was applauded as one of the greatest business minds in management for decades as he burned GE to the ground, Zuckerberg, a man who has taken a once profitable company that once benefited society and made it both harmful and shitty at providing its services, was named one of Barron's top CEOs of 2024 a couple of weeks ago, where it credited him with a corporate course correction from metaverse to artificial intelligence.

23:28Neither of those are making money. Much like so many journalists and industry figures failed to properly identify Welch when he was right in their midst, Barron's failed to call Zuckerberg what he is, another con artist that took useful software and turned it into a data collection firm with a shitty product attached. Zuckerberg is trying something that Welch could have only dreamed of, though, seeing how little he can actually make to convince the markets that meta is valuable. almost a little on the nose and it fits it perfectly fits shareholder supremacy is the force currently driving the tech ecosystem and one that as i've noted currently lacks any remaining hyper growth markets funding and proliferating technologies that exist not to provide an innovative useful service but to create more growth a phony sense of progress that allows companies like microsoft meta google and amazon to create something that looks and smells sort of innovative, even if their models are all extremely similar, as they're all trained on the same quickly dwindling amount of training data.

24:30And AI developers don't seem to really care what training data they use, or indeed what data source they use at all. Look at Google search, which, as I've mentioned, took a Reddit post that made it recommend putting glue on a pizza to keep cheese on, or claiming that you should eat a rock each every day. It's just every time I read this, it's so frustrating it's so annoying and then putting aside how funny the google ai search was on top of it these companies are running out of data and they very clearly don't care about quality at all they're not doing the work they're not doing the things they need to do to make sure this is done right no they must have it today they must have it now even if it's bad even if it burns money.

25:16And it's not like the markets are actually seeing if this shit does anything, or whether it's truly revolutionary. They didn't care that many tech products have got increasingly worse over time as tech executives rewarded again and again for pursuing growth over delivering any kind of quality product. Since becoming CEO of Google, Sundar Peshad has been paid over half a billion dollars, literally in the last three years, by the way, taking home$281 million, dollars, mostly made up of stock, in 2019, a fateful year that many of you might remember from the man who killed Google Search, and then he got paid$226 million in 2022, a year before Google laid off 10 ,000 people.

25:56Sandar Pishai's job as CEO at Google is not to make sure that Google delivers great products, such as a quick path to an answer using Google Search. No, no, no, no, no. You fool. You buffoon. You ignoramus. Why would you think that? No. Sandar Pishai's job is to continually grow the amount of money that Google's business units make. I have complete confidence that if Sundar Pichai was able to make Google search worse than it already is and maintain double-digit year-over-year revenue growth, he would not only do so, but he would do so with a big smile on his face and be rewarded with hundreds of millions of dollars of stock options, pretty much in perpetuity.

26:30Sundar Pichai is not judged for what he's done to Google, for turning it into this Welchian nightmare, not by the markets, not by Nile Patella the Verge, who pretty much gave him softballs the whole time. and nobody's punishing him at all of really saying it to his face that he's burning a genuine technological innovation that billions of people rely upon and it's a heartbreaking tragedy that's happening in real time one where a bad person makes worse people richer in a way that tangibly hurts us all we're all forced to suffer the consequences and mourn the loss of google search in slow motion with nobody really wanting to admit the obvious that google intends to bleed this thing out until regulation or the markets stop them.

27:09And I realize I sound a little bit dramatic describing this as a tragedy. Google search was always a for-profit business and advertising would so obviously poison it that founders Bryn and Page warned about it in the original Google paper saying that they expected that advertising funded search engines would be biased towards advertisers and away from needs of customers. But Google search was for a while something magical. It was a thing we all took for granted, and I think you're being disingenuous if you pretend that this isn't something you cared about or relied upon, and I'd argue for the earlier days of Facebook and Instagram to kind of fit this bill too.

Read the full transcript

27:47These are, or perhaps were, sadly, institutions that helped many people my age, and I'm an ancient 38 years old, become who we are today, finding the things and the people we needed and the connections we otherwise wouldn't have made or sustained. I know, at least in my case, that social networking is how I met the world. I was kind of a lonely kid. I didn't make friends easily. I never have, really. I've done a lot better thanks to the internet. Pretty much everything that I've found has been from the internet. Much of it from Google search, much of it from social networking, from Facebook, from Instagram to an extent, Twitter to a much larger.

28:26Watching these things get burned sucks. and I think a problem that some people have with this show is that they think I'm just pissy and I hate all of this stuff and I don't I would love it to go back to how it was or maybe how it felt I wish it was less craven of a value exchange these were companies that made billions of dollars in profit by providing a kind of a social good even if it was one where they realized they could use it to create a monopoly and then rug pull when they needed to for the shareholders this. But I do mourn the loss of these products. And I think many of us do. Maybe if I'm wrong, you can email me.

29:07EZ, that's letter E, letter Z, at betteroffline.com. If you disagree by all means, I'd love to hear from you, even the haters, one or two of you. But in all seriousness, I mourn this stuff. I'm sad about this. I'm pissed off, not because I like being angry. I genuinely don't. I'm sad. I'm a broken-hearted romantic. I love the tech industry and what it used to do. Perhaps I was naive. Perhaps now I'm realizing that a lot of that stuff that I thought was great wasn't. It wasn't this bad, was it? Where Jack Welch destroyed multiple local economies in Massachusetts, Indiana, and Pennsylvania by laying off thousands of workers in favor of cheaper, outsourced options, Sandar Pichai and Mark Zuckerberg have realized that shareholder supremacy only means making a product as useful as necessary and optimizing it at all times to meet analyst expectations of revenue.

30:01The unique problem that Sundar Pichai and the rest of the rock barons currently face is that there aren't any hyper-growth markets left, and they've been so desperately adapting to that reality since 2015. I know I've said later, but I think 2015's the year. So many promises, augmented reality, home robotics, autonomous cars, and even then, artificial intelligence writ large, never quite materialized into these viable business units, making big tech that little bit more desperate. I've repeatedly and substantively proven in my newsletter and this podcast that both Meta and Google have made their products worse in pursuit of growth, and they've done so by following a roadmap drawn by Jack Welch, a sociopathic scumbag that realized that he could turn General Electric into a shambling monstrosity of a company that could shapeshift into whatever the street needed, even if the product sucked.

30:52And I believe that this is the same financial nihilism that empowers people like Mira Marati and Sam Altman, and also millions more middle managers and absentee CEOs like the kind I've been writing about and speaking about for the last three years. Our economy is run by people that have never built anything, running companies that they can talk to make a number go up for shareholders they rarely meet, People like David Zaslav, the CEO of Warner Bros. Discovery, who intentionally chose not to release Coyote vs. Acme, a fully produced and ready-to-debut movie featuring Warner Bros.'s core brands, choosing instead to never release it ever in exchange for a cut to its tax bill.

31:35Zaslav, a CEO of Warner Bros. Discovery, has overseen one of the darkest periods in the company's history, including endless cutbacks and through his own mismanagement caused a five-month-long strike in Hollywood. Zaslav continued to complain even after the strike ended, claiming that studios overpaid for the strike to end, as he earned a$50 million salary for driving his company into the ground. Hey, hey, just one moment though. Where do you think David Zaslav learned this all? Do you think he learned it by reading books? Or maybe he learned his management philosophy a little more directly. Can you guess who his close friend was?

32:15It was Jack Welch. Jack Welch was his... Oh my God. But you know who's not horrible? Our advertisers.

32:42This is Rob Parker from The Odd Couple with Rob Parker and Kelvin Washington. The Toyota Tundra and Tacoma are designed to outlast and outlive. Backed by Toyota's legendary reputation for reliability. So get in the Tundra with the available iForce Max Hybrid Engine. Delivering exceptional torque and towing capacity. Or check out a Tacoma with available off-road features like crawl control. It can take you beyond the trails. Toyota trucks are built to last year after year, mile after mile. So don't wait. Get yours today. Visit buyatoyota.com for deals and more. Toyota, let's go places. Wells Fargo has awarded$138 million in grants to nonprofits, supporting military and veterans with housing, small business, career transition, and more over the last 10 years.

33:41It's one of the many ways Wells Fargo seeks broad impact in communities. Wells Fargo, the bank of doing. Learn more at wellsfargo.com slash say do. Support includes contributions from Wells Fargo and Company and the Wells Fargo Foundation. During a commencement speech in 2023, where David Zaslav was booed by students, he told the story of how, sometime after General Electric acquired NBC through GE's acquisition of RCA in 1985, he sent a handwritten note to Jack Welch telling him about himself, David Zaslav, and what he'd been doing. He was a lawyer, leading to a job running NBC in 1989. This story doesn't make a ton of sense, by the way, based on any living history of David Zaslav's life.

34:25He joined NBC three years after the acquisition of RCA closed. He claimed he was working for a few years in cable news, but everything I found suggests that he went straight from school to working at a law firm called laboof lamb liby and mccray according to his warner brothers profile when he graduated from boston university in 1985 meaning that he would have had to send that note while working at a firm that was mostly not working in anything to do with cable news at all just a liar just lying regardless of whether zaslav made up an entire story about how he got his job he was and is one of welch's most nasty cronies, his most staunch acolytes, telling David Gellis, who wrote The Man Who Destroyed Capitalism about Jack Welch, that Jack set the path, that he saw the whole world, that he was above the whole world, and that what Jack Welch created at GE became the way that companies now operate, which is true.

35:17David Zaslav, a man who has caused unfathomable damage to the entertainment industry while intentionally choosing not to release two different movies, learned to do so from the Michael Jordan of corporate destruction. And to Zaslav, Welch was like an older brother that would pick people at NBC up with a hug when things were tough, and that there was no better friend, according to an interview with CNBC. Jesus Christ, man. It's like a poorly written drama. I hope it ends with a big anvil falling on me. Anyway, I realize I'm oscillating between industries and names, but the shareholder supremacy is something that has poisoned almost every part of global capitalism.

35:54Dedication to the shareholders in many ways is kind of like a religion. It isn't even about a shareholder or the shareholder. Just moving assets to make a number go up and making another number look like it might go up in the future. Welch, Zaslav, Peshai, Zuckerberg, they're all the same kind of monster. One divorced from consequence and production and capable of contributing meaningfully to the world at large because the market has shown it doesn't really care if they do so. Sundar Pichai doesn't use Google, and Mark Zuckerberg doesn't use Instagram, Facebook, or Threads. At least, not like a regular person does anyway.

36:29Much like how David Zaslav doesn't watch or care about TVs and movies. And doesn't even release them sometimes. It's crazy. The deep-sea of nihilism means that they aren't users or creators or even active participants in any part of society. They're there to move the stuff around so that they can keep the number going up. And I believe this is all a consequence of Jack Welch's legacy, where the economy has been built on the back of a management philosophy that no longer involves managing people or building things. The business media, and society at large, elevates executives like Zuckerberg and Pichai as they demolish their products and lay off thousands of people because the terms of success are no longer about making money by providing a good service or a product people like.

37:13The markets don't reward steady growth, nor do they punish executives for the quality of their product, because analysts and investors aren't really concerned about the product, just the financial output. I don't think they're users either. At this point, the illogical rush to boost artificial intelligence makes a lot more sense. When you have a society and economy dominated by people who don't create things or understand the things they're selling, people that don't experience or respect labor or talk to people, of course their natural thought would be that any form of creativity or work can and should be automated.

37:46It isn't about what's good, but what's good enough, and artificial intelligence allows them to test the boundaries of what enough can mean. Toys R Us, or at least what remains of it after a leveraged buyout, should feel an abundance of shame for releasing a horrifying AI-generated origin of Toys R Us movie full of ugly hallucinations and janky animations. But what it's really trying to see is how much it can get away with, how shitty something can be without losing customers or whether the potential loss of customers is worth it to save the money it would take to actually shoot a goddamn commercial.

38:21And what's crazy, by the way, and you should watch this thing, it's terrible, is this video looks so bad and they put it out on the main Toys R Us account. They don't give a shit. They're trying to see what they can get away with. And I think that's a big theme. When Mira Morati said that AI might kill creative jobs that shouldn't have been there in the first place, it wasn't just a grotesque insult to those actually working in creative. When Mira Morati said that AI might kill creative jobs that should have never been there in the first place, it wasn't just a nasty insult to those working in the creative fields.

38:52It was also a demonstration of her unchanged sociopathy and this nasty kind of hubris these tech people have. And the fact that she believes that she, a woman of little actual accomplishment and talent, and the intellectual depth of a puddle on a flat sidewalk, is singly ordained to decide which jobs are worthy and which ones should die. Really, it was an insult to all of us. It was an expression of her belief that consumers don't deserve things created by a person who actually gives a shit. You don't deserve to watch movies that only exist thanks to the combined efforts of illustrators, sound engineers, composers, actors, directors, and countless other uncelebrated roles where each cog in the machine has spent years honing their skills until they've reached a level of unassailable mastery.

39:35You, yes you, don't deserve to use software created by someone who actually thought about the problem and, at the very least, made a best effort to write secure, robust code. You don't deserve anything in their eyes. You deserve the minimum viable product. You deserve as little as possible so that they can make as much as possible. That is what Mira Marati is saying. no amount of too long tweet storms, no amount of vacuous blogs, no amount of apologia is going to make up for the fact that this is what these people think. They see work and creativity as something to be optimized away. And it's disgraceful.

40:18And even when you get to the more workhorse roles, the coding roles, there are still these huge problems and they don't care. As pointed out by cybersecurity firm SNCC, Microsoft's GitHub Copilot tool routinely and unquestionably outputs insecure code because, as I've said ad nauseum in other places, it doesn't know anything. A human being can look at a code base and identify, for example, areas where the system doesn't check for SQL injection attacks, which could allow an attacker to steal and modify data from a database. An AI tool merely guesses what code looks right, probabilistically, given the prompt that was involved.

40:54when Marati gleefully brags about how AI will eviscerate an unknowable amount of creative jobs which she has personally identified as expandable by the way what she's really saying is that people should be content with using shitty broken AI generated software and watching shitty broken AI generated films where the number of digits on each hand fluctuates wildly like the line on an oscilloscope and where nothing new is said but rather a machine is regurgitating stuff created by other people solely based on a mathematical model of probability. It's insulting. It's disgusting. And it sucks. It just objectively sucks.

41:34It's not even like this stuff is any good. It's not even like the things that it's producing are respectable. Not that replacing people is good, but the amount of money they're being given, the amount of compute they're using, the amount of water they're boiling to make dog shit shows a complete contempt for everything for creativity and labor itself and generative ai is exciting to the disconnected business fucks running our economy because it's a way to abstract and outsource even more forms of labor we have spent decades pushing young people to get into management without ever teaching anybody about what managers are meant to do creating a class structure in organizations where there are those that do things and those that take the credit.

42:21And the latter are the people in charge, disconnected from labor, disconnected from quality, disconnected from production, and thus incapable of making informed decisions other than, what if we moved around this number here? What if we stopped paying these people? The AI bubble has been inflated by people excited about the prospect of not having to deal with filthy laborers that do work, and they ultimately aspire to make companies with as few people as possible, with the CEO making the most money because they're the ones that move the numbers around for the markets. This also explains why they're so incapable of describing what AI is, what it does, and why it's useful.

42:58It doesn't matter that data centres might end up using as much power as India by 2034, or that generative AI isn't actually that useful. It's a chance for them to further disconnect themselves from having to pay actual people to do actual work, a thing that they themselves consider the product of the underclass. They don't care that the output is mediocre, that the product is unprofitable, that there's a quickly approaching wall that generative AI can't leap over as it runs out of training data, or that the transformer-based architecture of large language models has hard limitations that are impossible to overcome.

43:31No, this is a shiny new object that they can wave at investors that already don't know what any of this stuff means, one that lets them dream of a world without labor. Generative AI wants us to stop researching, or talking, or thinking, and eventually it will come for your livelihood. If it worked. But even then, when it doesn't work, it's still taking money out of freelancers' mouths. It's replacing good coders with shit-generated code. There is a poison here. And it's disgusting. In some respects, generative AI is morally worse than Jack Welch's odious anti-worker philosophy. Whereas Welch saw workers as a cost center to be minimized and eliminated where possible, generative AI extends that idea to the raw materials necessary to build apps like ChatGPT, with Mustafa Suleiman, the CEO of Microsoft AI and the co-founder of DeepMind, declaring the existence of an unspoken social contract where, and I quote, online content is freeware for building AI models.

44:31The law, I note, tends to regard actual contracts more seriously than unspoken, and let's face it, imaginary contracts, and I desperately look forward to the day when Suleiman's ideas are tested in court. I don't fancy his chances, and Mustafa, you come from a content. You're not going to have words, mate. But that's the thing. In many of my newsletters and podcasts, I've argued that the current trajectory of the tech industry will lead it to ruin. The poison of the shareholder supremacy, this nihilistic intention of contorting companies to please analysts and investors, is one that will uniquely punish the tech industry, just like it did to General Electric.

45:06Google, Microsoft, and Meta have bet their futures on generative AI, cramming into their products with little regard for utility, all to show the markets that they're futuristic rocket ship growth companies rather than at least in meta and google's case aging and decaying empires that got too big and were corrupted by the forces of the mba management sect i realize that's master of business administration management this is the force behind everything this is it the dark hand that demanded you return to the office in spite of the productivity gains of remote work the weight behind the people destroying the media.

45:43The people, the very same people who lied about cryptocurrency being the future of finance and the people that collapsed multiple banks in 2023 because risk management, to quote Mark Andreessen, is considered the enemy. These people will burn the world to a crisp in search of a profit, in search of eternal growth, in search of the things that will make them richer, richer, nastier disconnected monsters, even more capable of escaping the drudgery of knowing and doing things. This is a dark future where somehow all labor is automated, all money flows upwards, and society, drained of taxes and any kind of social safety net, does something with all the children that Elon Musk is saying we need to have.

46:28The tech industry is dominated now by management consultants, product managers, and middle management in general, with people that have written few lines of code in their lives, holding sway over the actual builders, instructing them to create things they don't understand as means of improving the bottom line rather than solving an actual need, or even addressing the obvious business fundamentals like profitability and stability. A few episodes back, when I was talking with Nick Suresh, one of the very basic things he said was, have you checked your backups? This is a problem throughout the Valley.

47:01We don't maintain anything anymore. As a society, we have a terrible approach to maintenance. we have a terrible approach to business maintenance. When you throw sustainability out in the window, you don't really check if everything's working well. And I think that that's going to be the problem. That and the financial precariousness of all of this. That and the fact the markets just kind of turn on them when things don't work their way. And at some point, things have to collapse. I'm not saying that every tech company goes belly up, but I believe that the generative AI boom is the force that creates a massive reckoning in this industry.

47:37It's almost a little too on the nose with the wider shareholder supremacy. Generative AI, it's a tool that only seems revolutionary to people that haven't written or coded or drawn or sang or created anything in years. The last four years have proven that the tech industry is desperate for somebody to follow, and follow they have. Mark Zuckerberg claimed the metaverse was the future in the most flimsy way, and the market, along with Microsoft and many other companies agreed, even if the metaverse was a barely conceived pipe dream by a guy who hasn't written code since 2006. Generative AI is the next step up, a trend with a natural product, a superficially impressive doodad that can sell cloud compute access and proliferate more software, even if the underlying technology is so remarkably unprofitable and unreliable that big tech firms are having to calm down their salespeople, which happened a few months ago with Amazon.

48:27and big tech was so desperate for something new to follow something new to do with themselves that would sustain the value's threadbare facade as a crucible of innovation and progress rather than doing the hard work to actually invest in and research and develop important technologies that people like and would use and would care about sam altman gave them all something to do with themselves and he packaged it in a way that told them how to think about it and of course lie about it. At some point, something has to give. The markets are fickle and demanding and engineered to demand endless growth and endless returns.

49:05Generative AI is hitting a wall. I'll go into that in the next episode. And any future improvements will be marginal and cost billions of dollars to achieve. The transformer-based architectures, like the kind used in OpenAI's GPT models, are gigantic maths machines that know nothing and will never, ever, ever, ever create the artificial general intelligence, the conscious tech being that Sam Ortman has been claiming it will. Generate of AI does not appear to provide the kind of easy business returns reminiscent of the cloud computing boom and mobile app store booms. And once that becomes clear, the markets will punish those most deeply invested in quite a painful way.

49:45And once they do, the real fun will begin. As big tech reconciles with a lack of innovation and leadership teams stuffed with management consultants, product managers, and sycophants that lack any real ideas or expertise that might inform what actually might be next. Not least because they've sequestered themselves away from creators and pretty much any normal person or anyone who does an actual job. I don't really know when this reckoning will happen though, but I do know this. When I started writing this script, it was a brief way to connect the past to the present, and as with everything I've written it seems, I found my argument as I wrote it, researching as I went.

50:22There's no prompt that could have told a generative AI to write what I've written, nor is there a prompt that would let me delightfully enrage myself in a tiny sound booth in my garage. And all of that is the magic that creates things like this podcast, things like my newsletter, things like your writing, your singing, your coding, and everything like that. The process of creation, the actual labor of considering what you should do next, the mistakes you make, the finding, the theories behind the decisions you make is what creates great work, what creates great writing. Not the probabilistic formulation of whatever you might create if you trained on billions of words of other people's stuff.

51:01It kind of reminds me, ChatGPT especially, reminds me of the kind of writing I'd read in college, where it was very much people saying things in the order that they thought they should say them, the structures like intro, body, conclusion. It was the same words. It was the same things. And this was quite a long time before chat GPT. And it was because people were writing to spec. They were doing what they thought they should do rather than writing a lot and coming out with something at the end. And no offense to them, they're college students. They should have been told. They should have been taught.

51:31Writing should be taught. Talking should be taught. There are social things that we learn, but we learn through making mistakes. I can't code. But those people that I know can have messed up so many times of their code. They've broken things tons and tons of times. Part of the great thing of creation is the destruction that you have to go through to get there. I've written about 700 ,000 words in the last four years, and I only really became good, I'd say, in the last 200 ,000, maybe 150 ,000. I couldn't have got there just by reading that many words. You need to put in the time. But if you don't put time into anything, if you don't create anything, of course you don't respect that.

52:11And of course, you don't know what good looks like. But these people, these people who are so disconnected, they will demand, as Jack Welch did, that we burn whatever we need in pursuit of growth. We must divert billions of dollars, exabytes of data, endless acres of data centers, all so that we could maybe create a future they don't understand or care about. It doesn't matter if generative AI actually does anything, just as long as they can convince shareholders and analysts that it might one day do so. It's hard to consider any of this a grift because doing so would be to admit how much of the economy is controlled by grifters.

52:46But you know what, I'm going to leave you with a quote from Nick Shoresh, who I interviewed a few episodes ago, about, and this is a quote from his excellent blog, I will fucking pile drive you if you mention AI again. Not going to do an Australian accent, that's rude. you see while hype is nice it's only nice and small burst for practitioners we have a few key things that a grifter does not have such as job stability genuine friendships and souls what we do not have is the ability to trivially switch fields the moment the gold rush is over due to the sad fact that we've actually needed to study things and build experience grifters on the other hand wield the omni-tool that is self-aggrandizingly called politics.

53:31That is to say, it turns out that the core competency of smiling and promising things that you can't actually deliver is highly transferable. Generative AI is an act of theft in and of itself, perpetuated by people that have stolen innovation in the name of shareholder supremacy, creating a degenerative form of innovation that optimizes the tech industry to create things that sound cool rather than actually do things and help people. And the people perpetuating these acts, Sondar Pishai, Mark Zuckerberg, Andy Jassy, Satya Nadella, Sam Allman, Mira Morati, are all the same kind of charlatan, the ultimate manager, one that has created the means to escape the workforce and ultimately having to create anything of any kind.

54:14These people, they crave the ultimate business, where it's just them and all the money flows up. Kind of like the final shave from Destiny 2 or the ultimate Tsukiyomi from Naruto. And I won't spoil the Final Fantasy VII Rebirth collection either. But there is this thing in fiction about this idea of a final shape, of an ultimate dream where everything's locked under one eye. And as crazy as that sounds, this really feels like what they want. As few people as possible to make them as much money as possible and the people who invest in them as much money as possible. And it's gross. It's frustrating.

54:51They could make a tenth of what they do and still be so incredibly rich and probably not destroy their companies. Google could putter around a two to five percent profitability each quarter. It doesn't matter. It would still be fine. But the markets don't care. It sucks. It makes me angry. And I don't claim to have any answers or truly know how to unwind all of this. I don't know how to change things other than loudly saying what I see in front of my eyes and how it makes me feel and wanting others to, at the very least, have more clarity into the things that are being done to them and the ways in which others have twisted the system to make more money than anyone's ever had, transforming companies into these horrifying nihilist engines for growth, anti-companies that create value by reducing what they contribute to the world.

55:41but i encourage you not to be nihilistic yourself do not lose faith in the power of sunlight in calling these people what they are parasites sam altman is a parasite sundar pishai is a parasite satir nadella is a parasite every single one of these people these people who have taken good companies that built good things that people like that still made money and made them more money or making the things worse. They are parasites, and calling them that is necessary. If you, Sondar Pishai, or one of your ilk hears this and are offended, fix your goddamn company, make good things again, stop laying people off, pay yourself less, and do more for the world.

56:24Otherwise, you are a parasite, and you're deliberate in doing so. Be clear and concise when speaking about these people, by the way. Be continually outraged at the damage they are doing to society, and I encourage you all to catalog everything you see. And I know posting through it doesn't sound like much, but believe me, these people see it, these people know, and these people have names. Sam Ortman, Sander Pichai, Mark Zuckerberg, Satya Nadella, Andy Jassy, all of these people diverting the world's most talented engineers into an unsustainable, unprofitable boondoggle that does nothing, that they don't understand.

57:01All of them can at least be held accountable on record, if not in real life. Believe your eyes. You are being given less so that others can have more. You are having things taken from you by corporations because they must always please the nebulous form of the shareholder. As I said, don't give in to nihilism though. These people do read all this stuff. They are aware of things like this podcast, but they also see social media. They see the clouds of people talking about how bad Google is now, thanks to AI. And even before that, public pressure does work. Loud public pressure, consistent public pressure, but also Sondha Pishai, Prabhagar Raghavan, Saty Nadella, Sam Altman.

57:44Say the goddamn names. Say them repeatedly, loudly, everywhere. When you don't like something with Google, mention Prabhagar Raghavan. Mention Sondha Pishai. Engrave their names to their bad acts. When you talk about how shitty Facebook is, Mark Zuckerberg, Javier Oliver Van, Alex Schultz, Naomi Gleit. Put their names by them. Let them not hide behind the names of their corporations. Let history show that they made so much money while doing so much damage, because that is how they've gotten away with it. These people have no more worldly concerns. They don't worry about bills. They don't worry about the mortgage.

58:24They don't worry about any of that crap. They don't have real problems. All they have is their legacy and their goddamn name. So take it from them. Take their name. Say that Sheryl Sandberg, a McKinsey operator, an MBA, is the reason that Facebook started going downhill. Then Mark Zuckerberg, Javier Oliven, Naomi Gleit, Alex Schultz, Andrew Bosworth. All these people are why Facebook is full of AI-generated spam. Say, Sam Altman, Mira Morati of OpenAI, they are the people that are stealing the entire internet to train models. Mustafa Suleyman, the Microsoft CEO of AI, guess what? That guy is also stealing your data.

59:10He is also training models on it. He is the one perpetuating the great theft. As long as their names are attached to these acts, it'll be scarier for them. I can't promise it will stop them. But giving them a level of accountability, no matter how thin, is necessary. And the first step to fixing things. And celebrate companies that make good shit. Celebrate things like the Steam Deck, one of the best consoles I've ever used. I love that thing. Celebrate companies like Anchor, Great Battery Packs. There are things in tech that are still cool. There are things in tech that are still good. You just have to look for them.

59:45And you're not finding them in big tech. And you're not finding them in big tech because you are not the customer. You are not the person that Mark Zuckerberg, Sam Altman, Sachi Nadella, or Sanda Pichai cares about. No, they care about the nebulous form of the shareholder. The markets. And analyst targets. You deserve better, so give them so much worse.

1:00:16Thank you for listening to Better Offline. The editor and composer of the Better Offline theme song is Matt Ossowski. You can check out more of his music and audio projects at matosowski.com. M-A-T-T-O-S-O-W-S-K-I.com. You can email me at ez at betteroffline.com or visit betteroffline.com to find more podcast links and, of course, my newsletter. I also really recommend you go to chat.wheresyoured.at to visit the Discord and go to r slash betteroffline to check out our Reddit.

1:01:14Thank you so much for listening.

1:01:20Parking shouldn't slow you down. ParkWiz gives every driver a shortcut. Book ahead, save up to 50 % and skip the hassle of circling the block. Park smarter, park faster. ParkWiz. Download the ParkWiz app today and save every time you park. Have you ever heard a story so unbelievable it just had to be true? Roof Man is the jaw-dropping new film about Jeffrey Manchester, played by Channing Tatum, a man who becomes infamous for breaking into over 40 McDonald's through the roof, then secretly living inside of Toys R Us for six months. With humor, suspense, and heart, Roof Man is a cat-and-mouse story that will keep you hooked until the very end.

1:01:58Don't miss Roof Man, only in theaters October 10th. This is Rob Parker from The Odd Couple with Rob Parker and Kelvin Washington. The Toyota Tundra and Tacoma are designed to outlast and outlived. Backed by Toyota's legendary reputation for reliability. So get in the tundra with the available i-Force Max Hybrid engine, delivering exceptional torque and towing capacity. Or check out a Tacoma with available off-road features like crawl control. It can take you beyond the trails. Toyota trucks are built to last year after year, mile after mile. So don't wait. Get yours today. Visit buyatoyota.com for deals and more.

1:02:46Toyota, let's go places. This is an iHeart Podcast.

From the publisher

The shareholder supremacy has eaten the tech industry, driving private and public companies to chase unprofitable, unsustainable ideas like generative AI as a means of expressing eternal growth to the markets. In this episode, Ed Zitron walks you through how this destructive mindset has created an entirely new kind of manager - one disconnected from labor and creation - and how the dark hand of shareholder supremacy is behind everything strange and bad in tech in the last few years

LINKS: https://tinyurl.com/betterofflinelinks

Newsletter: wheresyoured.at

Reddit: http://www.reddit.com/r/betteroffline

Discord chat.wheresyoured.at

Ed's Socials - http://www.twitter.com/edzitron instagram.com/edzitron https://bsky.app/profile/zitron.bsky.social https://www.threads.net/@edzitron 

See omnystudio.com/listener for privacy information.

More from Better Offline

All 276 episodes
How Shareholders Are Destroying The Tech IndustryBetter Offline · 56 min
Listen in VO