Posted by Richard Willet Posted on 26 May 2020

Wayback Machine Latest Victim of Big Tech Consolidation and Censorship

In what is turning out to be something of a latter-day dot com bust, many small to medium-sized tech startups are teetering on the edge of oblivion as the deliberate economic shutdown eats away at their capitalization and opens the door for the biggest fish in the tech space and others to pick the ripest fruit from the tech start up tree.

As opposed to the original, this start up bust is accompanied by a very precise view of market opportunities for interested buyers and investors, brought on by an equally deliberate reshaping of workplace conditions and societal interactions which are driving companies like Microsoft to “aggregate capabilities” in “cloud computing, collaboration, access management, and other business continuity tools that saw a surge in demand during regional lockdowns.”

The ride-share behemoth, Uber, for example, is reportedly in talks to acquire Grubhub and expand its food-delivery operations, while Microsoft just completed its purchase of robotic automation company, Softomotive. One global research and advisory firm that focuses on IT and finance has even put out a guide “on how tech startups can best prepare for being acquired by a larger company,” revealing that just 13 companies accounted for a full 60 percent of the $150 billion raised by tech startups between March and April.

Signs that yet another massive wave of consolidation in the technology sector is on the horizon and is already raising concerns throughout the industry, but the fact that it is occurring in tandem with a larger push by outfits like Twitter, Facebook and other huge tech players to stifle freedom of online expression and association should make us pay closer attention to the dynamics at play.

Read More: Wayback Machine Latest Victim of Big Tech Consolidation and Censorship

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