Photo: Sean Gallup (Getty Images) In 1982, the Department of Justice wrapped up a 13-year antitrust case against IBM. The DOJ lost, but so did IBM. The tech landscape changed, and IBM was distracted and had to move slowly under the increased scrutiny. Microsoft and Apple swooped in and knocked IBM off its perch. 20 years later, the same thing happened to Microsoft. The DOJ launched an antitrust investigation, and ultimately Microsoft wasn’t broken up. But Apple, Google, and social media… Source link
Read More »The layoffs at Tesla show that white-collar workers are screwed, predicts hedge funder famous from ‘The Big Short’
Michael Burry said on Tuesday that the U.S. labor market is about to be sliced in half, with blue-collar workers remaining a sought-after commodity, while white-collar workers see job losses and falling wages. In other words, the good times are ending for office workers. “I see a bifurcated labor market developing as unskilled and semiskilled remain in short supply, but white-collar workers, having proven their redundancy during COVID, will find gross excess in the labor market, pressuring… Source link
Read More »Giants co-owner backs Daniel Jones, says team screwed him up
New York Giants co-owner John Mara still believes in Daniel Jones. Mara offered a blunt assessment on why Jones deserves another chance to start, saying the Giants have “done everything possible to screw” him up. Mara said the team needs to surround Jones with better help. That will allow the team to make an “intelligent evaluation” of Jones’ play. Jones failed to live up to expectations after being selected with the No. 6 pick in the 2019 NFL draft. He showed some promise his rookie season,… Source link
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