Friday Five: media, social and dropping out

Some interesting articles from the past week:

Off the Grid – by Stephen Fry

British writer, actor and comedian Stephen Fry lets rip on his vision of an unplugged life for today’s young:

“Signing off and logging out may seem to some like a move back, a fatuous attempt to disinvent the wheel, a modern equivalent of The Good Life, digging up Wikipedia and planting cabbages over it or steampunking the new to create a simulacrum of the old, but what I am talking about is a move forward for those who have never known anything but the digital world. Generation Z (it brings vomit to the gorge even to type that) must invent their own reality, not replay mine. No, this is not about the retro chic of analogue, it is about forging a new reality outside the – for want of a better word – matrix.”

Whether you agree with him or not (and he doesn’t expect you to), this is a great read, full of wit and hope.

“But first, what would motivate any young person today to pull the plug?

Well maybe they should consider this for a moment. Who most wants you to stay on the grid? The advertisers. Your boss. Human Resources. The advertisers. Your parents (irony of ironies – once they distrusted it, now they need to tag you electronically, share your Facebook photos and message you to death). The advertisers. The government. Your local authority. Your school. Advertisers.”

— x —

No, this isn’t an oil painting by an abstract artist. It’s an image of Australia taken by a satellite for the US Geological Survey.

image via artnet

satellite image of Australia, via artnet

You can see a collection of some of the most beautiful ones at their website, and at Artnet News.

earthasart contrails

satellite image of California, via artnet

satellite image of Australia, via artnet

satellite image of Australia, via artnet

— x —

How Uber Conquered London – by Sam Knight, for The Guardian

A searing mix of personal struggle, entrepreneurial determination, history and philosophy gives us a gripping tale of how Uber launched in London and went on to change how the city moves. We meet the first London employee, the first driver, and, of course, Kalanick himself. And we get a glimpse of how a city’s transformation began, one driver at a time.

“Liquidity used to be something you associated with the stock market, he explained. But now sharing networks such as Uber and Airbnb are making assets and labour available to consumers in ways that were simply not possible before.”

A long read, but worth it.

“It takes a moment for this notion to sink in: that with more drivers competing for cheaper fares, everybody can still come out on top. (American drivers have begun to call this “Uber math”.)… The only trouble with “Uber math” is how it feels to be part of the labour force that delivers it.”

— x —

Your Media Business Will Not Be Saved – by Joshua Topolsky, via Medium

The problem with today’s media is that…. it’s different. Things that used to work don’t work anymore. And the media, the “old” media, doesn’t seem to know what to do about it.

“So over time, we built up scale in digital to replace user value. We thought we could solve with numbers (the new, seemingly infinite numbers the internet and social media provides) what we couldn’t solve with attention. And with every new set of eyeballs (or clicks, or views) we added, we diminished the merit of what we made. And advertisers asked for more, because those eyes were worth less. And we made more. And it was less valuable.”

— x —

Check out these stunning light portraits by Eric Paré.

by Eric Paré, via Bored Panda

by Eric Paré, via Bored Panda

Light-painting-fantasies-5721bf04abe20__880

by Eric Paré, via Bored Panda

by Eric Paré, via Bored Panda

by Eric Paré, via Bored Panda

There’s more on Bored Panda.

— x —

How social entrepreneurship is making a difference in the world – by Bérénice Magistretti, for TechCrunch

Banish the do-gooder condescension that most Silicon Valley types bestow on third world problems (although usually with very good intentions). Here we have some examples of clever ideas that are actually making a difference in quality of life. Tackling sanitation, healthcare, waste recycling and education, good ideas and smart management can make local impacts that have the potential to scale.

I dislike the label “social entrepreneurship” – it’s too limiting and misleading. I mean, Facebook and Instagram can be considered cases of social entrepreneurship, right? “Constructive” entrepreneurship doesn’t work, either. The closest I can come up with is “make-the-world-a-better-place entrepreneurship”, which is just not going to catch on. Maybe just “better place entrepreneurship”?

— x —

Have a great weekend, wherever you are. I came to London this week expecting dire weather – the forecast said rain, sleet and even snow! The same forecast as the last time I was here. And yet again, beautiful sunny weather. Cold, though. But lovely.

Sunday Seven: bubbles, progress and celebrity

There were a ton of great articles this week, so many that I had to arbitrarily choose which made it into this summary. Not an easy choice. I’ll be tweeting the rest over the next few days, so follow me on Twitter at @noelleinmadrid. (And I’m still trying to figure out WHAT is going on with the formatting here… Several posts seem to have disappeared from the feed, along with my sidebar. Working on it…).

— x —

Secondary Shops Flooded With Unicorn Sellers – by Connie Loizos, for TechCrunch

Is that the popping of the bubble that we hear? This may be premature, but if you take the jug of cold water that this article delivers in terms of evidence that unicorn valuations are falling fast, and combine it with increasing and vocal concern about the state of the world economy, you may start to hear that much-feared (but probably inevitable) sound.

— x —

Not Another African Tech Article – by Clinton Mutambo, for TechCrunch

image via TechCrunch

image via TechCrunch

Speaking of popping bubbles, I finally found an article that questions the tech world’s interest in Africa and points out how hard it will be for us from the “western world” to apply what we know to their circumstances. See? Even that sentence sounded a bit condescending. Clinton recommends that we stop thinking that they need our help, and just step back and watch them grow their own way.

“The lack of data and “exotic charm” of Africa makes it an easy target for baseless, heavily flawed or downright ridiculous content. This benefits no one, as it has the effect of painting a false picture about the continent and each of its 54 diverse states. Everyone from potential investors to collaborators is made more ignorant by most articles.”

As Clinton points out, “technology doesn’t operate in a silo”, and the evolution of the sector is inextricably entwined with its cultural, social and economic development. And that needs to be left up to the Africans. We should try to avoid the colonialist mistakes of the previous century.

“There shouldn’t be a tug of war this time around. Extending perceptions of such only advances exploitative tendencies that have contributed toward the challenges in Africa.”

And enough with the paternalistic articles that treat Africa as one entity. It isn’t.

— x —

The highly profitable, deeply adorable, and emotionally fraught world of Instagram’s famous animals – by Corinne Purtill, for Quartz

hedgehogs

Ok, so I’m including this article mainly because of the adorable pictures. However, its tongue-in-cheek take on the role of social media is worth reading.

“The pet world on Instagram is as stylized and edited as the human one. Fur looks pristine. There are no litter boxes in sight. The lighting is perfect. Even animals on social media live better than you do.”

There is actually a celebrity dog management agency. Not kidding.

All this leaves me with the feeling that Instagram is replacing TV in the crazy fame stakes.

— x —

The financialization of news is dimming the lights of the local press – by Ken Doctor, for NiemanLab

An in-depth and penetrating macro, big-picture article on the news industry and the decline of print publishing. Ken starts by painting a relatively apocalyptic picture of the world economy:

“The data points have been coming at us increasingly rapidly. What had been just a long downward slide is now getting wacky. Erratic behavior on one side of the country is quickly trumped by weirder happenings on the other, until even more befuddling news makes us forget the oddities of last month. These are all signs of a deeper reckoning than all the reckonings we’ve so far seen. And as bad as it the U.S. right now, also consider the deepening plight of our northern neighbors in Canada and the tinderbox that Europe is becoming.”

… and continues with the demise of local and print news:

“Print is dying, and that’s not news — it’s just news that the news industry itself shies away from publishing, believing the nonsense that publishing the truth is a main cause of the decline. It’s not news reading that’s going away, though: that’s grown by leaps and bounds. It’s still the great digital disruption of local newspapers’ monopoly businesses that has caused the major impacts — impacts greatly exacerbated, sadly, by publishers’ own inability to reinvent themselves for the new age.”

The “financialization” of the press – the running of media companies on a profit basis – is inevitable in this disruptive, fail fast, media-as-an-investment cycle. But it is also gutting the spirit of reporting, and commoditizing our attention even further.

“Yes, money matters, but it’s that beating heart of the business — creating news that local citizens need to run their governments and better their lives — that still has to be an antidote to the single-minded financial view of local news. (If “the market” won’t support local news, many have said to me, than maybe it isn’t needed. I ask them: If the same were true of education, the arts, or even roads, where would our struggling democracy be?)”

— x —

A Declaration of the Independence of Cyberspace – by John Perry Barlow

This is absolutely not from the past week, it’s from 1996, but it should be taken out, dusted and re-read every now and then. It may sound a bit dated, but it’s surprising how still relevant it is, and it’s fascinating to see how far the internet world has veered from its initial libertarian motivation of sharing information.

“Governments of the Industrial World, you weary giants of flesh and steel, I come from Cyberspace, the new home of Mind. On behalf of the future, I ask you of the past to leave us alone. You are not welcome among us. You have no sovereignty where we gather.

We have no elected government, nor are we likely to have one, so I address you with no greater authority than that with which liberty itself always speaks.”

Apart from the sentiment which will make your heart beat just a little bit faster, the declaration contains stunning (if at times grandiloquent) language:

“You are terrified of your own children, since they are natives in a world where you will always be immigrants. Because you fear them, you entrust your bureaucracies with the parental responsibilities you are too cowardly to confront yourselves… In our world, all the sentiments and expressions of humanity, from the debasing to the angelic, are parts of a seamless whole, the global conversation of bits. We cannot separate the air that chokes from the air upon which wings beat.”

While awakening the debate about regulation/safety vs. decentralization/freedom (reminiscent of the debates around bitcoin), Barlow does point out that the Internet exists in and because of the physical world, that it is not completely separate.

“Cyberspace consists of transactions, relationships, and thought itself, arrayed like a standing wave in the web of our communications. Ours is a world that is both everywhere and nowhere, but it is not where bodies live.”

— x —

The chips are down for Moore’s law – by M. Mitchell Waldrop for Nature

Moore’s Law is reaching its natural end? Now what?

“Every time the scale is halved, manufacturers need a whole new generation of ever more precise photolithography machines. Building a new fab line today requires an investment typically measured in many billions of dollars — something only a handful of companies can afford. And the fragmentation of the market triggered by mobile devices is making it harder to recoup that money.“ As soon as the cost per transistor at the next node exceeds the existing cost,” says Bottoms, “the scaling stops.””

So, this is where ingenuity and innovation take over.

“At least some industry insiders, including Shekhar Borkar, head of Intel’s advanced microprocessor research, are optimists. Yes, he says, Moore’s law is coming to an end in a literal sense, because the exponential growth in transistor count cannot continue. But from the consumer perspective, “Moore’s law simply states that user value doubles every two years”. And in that form, the law will continue as long as the industry can keep stuffing its devices with new functionality.

The ideas are out there, says Borkar. “Our job is to engineer them.””

— x —

What will the bank of the future look like? – by Taavet Hinrikus, via the World Economic Forum

Maybe I’m obsessing a bit too much over banks this week, but there are some interesting ideas worth thinking about. Banks are changing, that’s obvious. As they should, that’s pretty obvious, too. Or is it? And what do we want them to change into?

“The most important result will be the true democratisation of finance. The nature of the current “bundled” model of banking is fundamentally unfair. The costs of the system and the profits of the banks are overwhelmingly accrued from fees and charges that hit the poorest hardest.”

— x —

2 things I really enjoyed this week:

· A classic from the Ink Spots, circa 1940 – “Whispering Grass”. Just listen to the words. It’s not often you hear a crooning song about “babbling trees”.

· A hypnotic and truly inspiring book: Humans of New York. If you don’t follow the account on Tumblr, you should. The book is a collection of some of the more interesting anecdotes (although how he can choose is beyond me, they’re all really interesting), each one showing the incredible variety and creativity of the human spirit. I plan to look at this again and again and again.

humans of new york

humans of new york 1

Sunday Seven: filters, floating and finance

Some interesting tech articles and ideas from the past week:

Here’s What’s Wrong With Algorithmic Filtering on Twitter – by Matthew Ingram, for Fortune

While ostensibly about Twitter, this article is really about the role that algorithms play in the world that we live in, sorry, I mean the news that we see.

“In a nutshell, the problem with filtering is that the algorithm — which of course is programmed and tweaked by human beings, with all their unconscious biases and hidden agendas — is the one that decides what content you see and when. So ultimately it will decide whether you see photos of refugees on the beach in Turkey and shootings in Ferguson or ice-bucket videos and photos of puppies.

Does that have real-world consequences? Of course it does, as sociologist Zeynep Tufekci has pointed out in a number of blog posts. It can serve to reinforce the “filter bubble” that human beings naturally form around themselves, and that can affect the way they see the world and thus the way they behave in that world.”

Are you ok with only seeing what someone else wants you to see? The problem is, with so much out there, we need filters, it’s just not manageable otherwise. Even if we choose to design our own filters, is that not self-limiting? What impact will this have on ideas and discourse?

“By definition, algorithmic filtering means that you are not the one who is choosing what to see and not see. A program written by someone else is doing that. And while this may be helpful — because of the sheer volume of content out there — it comes with biases and risks, and we shouldn’t downplay them. As social platforms become a larger part of how we communicate, we need to confront them head on.”

— x —

One of the craziest music videos I’ve ever seen – by OKGo

Whatever you think of OKGo’s music (this song’s not bad but will never make my all-time favourite list), the art here is the video. It’s crazy fun, very clever and quite unforgettable.

If you’ve ever wondered what opening a piñata in zero gravity would be like, watch this.

— x —

What Would Actually Happen If We Broke Up The Banks? – by Michael Maiello, for Rolling Stone

I include this article because the structure of banks going forward will have so much influence on the role of money in society, and on the rollout of alternative forms of financing. We’ve all grown up in an era of Big Banks, and we lived through a Big-Bank-initiated recession. And while regulation has tightened and the IPO market has lost its allure, the overall structure of our main financial institutions has not changed much.

As this article points out, fintech companies are encroaching onto the bank’s territory. But most, especially P2P lenders, are struggling to be true to the initial calling, which is peers lending to peers.

“After the financial crisis, the banks shied away from making consumer and small-business loans. Some online start-ups like Lending Club and OnDeck entered the scene, as a way for people to lend money to each other directly, without going through a bank. But that model didn’t quite work. Matching up a guy who needs $10,000 to buy a pizza oven with a willing lender is rough work. Enter hedge funds, which are now increasingly buying the loans that Lending Club and OnDeck make.”

Yet once (ok, if) we achieve bank fragmentation, then smaller challengers will have more of a chance to innovate, to create new services and to capture market share. Size used to be the ultimate goal, the only way to achieve uniform customer service quality and scaled efficiencies. Yet today metrics and agility make client retention a matter of analysis and design. And as what we ask of our banks changes, so should their focus and priorities. The fragmentation of banks would both increase their value as a whole, and generate a new field of finance for the new business world we live in.

— x —

A Look at the Marketplace Lending Originator Ecosystem – by Michael Gilroy, for TechCrunch

Speaking of the difficulties that marketplace lenders are having, here is a look at the “commoditization” of their product. P2P loans have gone from being a finance disruptor and an innovation that will revolutionize the banking sector, to a replicable product. The swashbuckling romance is gone. Now, selling alternative finance is a question of packaging and pricing.

“On the surface, e-commerce and marketplace lending are two incredibly different types of businesses. One has disrupted stores like Macy’s and Sears by selling anything from underwear to couches in a regulation-lite environment. The other disrupted massive banking institutions such as Wells Fargo and Bank of America by selling highly regulated loans.

However, when you peel back the layers, MPLs and e-commerce platforms provide a relatively fungible product, where differentiation comes down to customer experience and price, in markets that breed increasingly low barriers to entry.”

— x —

Information Overload and the Tricky Art of Single-Tasking – by Alina Selyukh

A radical idea – stop multitasking???? really???? – that has turned out to be surprisingly refreshing. I’ve tried it, and life is better when you 1) accept that you’re not going to be able to read everything and connect to everyone that you want to in the course of the day, and 2) that doesn’t make you less of a person.

— x —

How ‘Aggregation Theory’ is Fueling a Multi-Trillion Dollar Technology Revolution – by Tikue Anazodo, via Medium

Product distribution used to be a relatively monopolistic endeavour, with profitability and reach going to the largest players. Not anymore. Now, anyone can distribute.

“Over the last two decades, the distribution chain for most goods and services have been redefined end-to-end. The distributor’s role in the chain has been commoditized. ‘Makers’ can now bring their goods and services direct to consumers.

This turned out to be both good and bad.

Good in the sense that makers can essentially become their own distributors by creating their own websites and distributing to consumers directly through their own channels. They get to choose what, when, where and how to distribute.

Bad in the sense that because all makers were given the ability to create independent outlets for distribution, discovery became exponentially more complex for the demand side of the equation i.e. consumers would effectively have to navigate millions of independent outlets to find goods, services and content.

Enter the ‘aggregators’.”

Tikue then goes on to list the largest 10 (by market capitalization) public consumer internet companies. Guess what? They’re all aggregators. Interesting.

— x —

My Little Sister Taught Me How To “Snapchat Like The Teens” – by Ben Rosen, for BuzzFeed

via BuzzFeed

via BuzzFeed

Much more riveting than it has any right to be, this “how-to” on Snapchat turns out to be more about teen culture and the role media plays in the social scene. Surprising, disconcerting and slightly awe-inspiring.

— x —

Things I’ve been enjoying this week:

· This

Really, it’s a service that’s actually called “This”, and it sends you a daily email with 5 recommended reads from around the web. What I love about it is that it gets me reading things outside my circle of interest. There’s no way I can keep up with all the great media sites out there, I barely manage to keep up with my sector. This broadens my scope and introduces me to great journalists that I might otherwise never come across. And it keeps me from becoming boring. I hope.

this 2

· The History of the Internet

As an example of how boring I could become if left to my own devices, the other thing I’m geeking out over this week is a MOOC on Coursera called “Internet History, Technology and Security”, from the University of Michigan. Seriously interesting and very well done, it includes relaxed and enthralling lectures by Charles Severance, and interviews with the people who developed the Internet! It’s half way through, but the videos are worth watching even if you don’t take the course, especially the ones in weeks 5 and 6 that explain how the whole thing works.

— x —

I hope that you’re enjoying your weekend!