How Big Tech Betrayed All of Us

In Don’t Be Evil, Financial Times global business columnist Rana Foroohar tells the story of how Big Tech lost its soul, and ate our lunch.

“Don’t be evil” was enshrined as Google’s original corporate mantra back in its early days, when the company’s cheerful logo still conveyed the utopian vision for a future in which technology would inevitably make the world better, safer, and more prosperous.

Unfortunately, it’s been quite a while since Google, or the majority of the Big Tech companies, lived up to this founding philosophy. 

Today, the utopia they sought to create is looking more dystopian than ever: from digital surveillance and the loss of privacy to the spreading of misinformation and hate speech to predatory algorithms targeting the weak and vulnerable to products that have been engineered to manipulate our desires.

How did we get here? How did these once-scrappy and idealistic enterprises become rapacious monopolies with the power to corrupt our elections, co-opt all our data, and control the largest single chunk of corporate wealth, while evading all semblance of regulation and taxes? 

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

CBS Evening News: Bookstore Boom

On Small Business Saturday, a growing number of shoppers will be supporting their independent neighborhood bookstores. After being nearly wiped out a decade ago, small bookstores are booming. CBS News business analyst Jill Schlesinger reports.

On Small Business Saturday, a growing number of shoppers supported their independent neighborhood bookstores. After being nearly wiped out a decade ago, small bookstores are booming. Here’s my piece from the CBS Evening News.

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CBS Evening News: Dow Plunges as Much as 700 points

It was a tough day on Wall Street Monday, as the Dow plunged as much as 700 points, hitting it's low for the year, before recovering at the end of the day. The dip was partly due to concerns about a trade war, but that wasn't all.

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CBS This Morning: Amazon, Apple & Google Report Record Earnings

Tech giants including Amazon, Google's parent company Alphabet and Apple are celebrating record-breaking sales. I joined CBS This Morning to discuss what contributed to Amazon's massive increase in sales and why Apple was able to increase their revenue despite lackluster sales numbers.

CBS Evening News: Amazon, Berkshire, JPMorgan Tackle Health Care

Amazon, Berkshire Hathaway and JPMorgan Chase announced plans to create a new health care company aimed at tackling rising insurance costs.  How could it impact the economy? 

#350 The Hidden DNA of Amazon, Apple, Facebook, and Google with Scott Galloway

We started hour one this week with Karen from Kentucky who had a question about my favorite topic...annuities! After Karen we went to Brian in Seattle who was wondering if it makes sense for him to keep his disability insurance policy. We also mixed in plenty of emails as well as touching on the upcoming holiday shopping season.

We started hour one this week with Karen from Kentucky who had a question about my favorite topic...annuities! After Karen we went to Brian in Seattle who was wondering if it makes sense for him to keep his disability insurance policy. We also mixed in plenty of emails as well as touching on the upcoming holiday shopping season.

Maybe I’m dating myself, but there was a time that whenever I would hear the “Big Four,” I would always think of the big four accounting firms...Ernst & Young, KPMG, Deloitte and PwC.

Well, it’s now 2017, and the new, much bigger, Big Four are Facebook, Amazon, Google and Apple. Given their outsized share of the marketplace, not to mention our lives, are these companies monopolizing our lives in a negative way? Our guest this week in hour two, Scott Galloway, certainly thinks so.

Scott is a professor at New York University’s Stern School of Business, where he teaches brand strategy and digital marketing to second-year MBA students. A serial entre­preneur, he has founded nine firms, including L2. In 2012, he was named one of the “World’s 50 Best Busi­ness School Professors” by Poets & Quants.

In his first book, The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google, Scott explores how these massive companies infiltrate our lives so completely that they’re almost impossible to avoid. Why does the stock market forgive them for sins that would destroy other firms? As they race to become the world’s first trillion-dollar company, can anyone chal­lenge them? These are just a couple of the fundamental questions Scott asks throughout the book.

Let’s face it, there’s no avoiding them, so we all better figure out how to either compete with them, work with them, or just live in a world dominated by them.

“Better Off” is sponsored by Betterment.

Have a finance related question? Email us here or call 855-411-JILL.

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Ep. 043 - The Hidden DNA of Amazon, Apple, Facebook, and Google with Scott Galloway

Maybe I'm dating myself, but there was a time that whenever I would hear the "Big Four," I would always think of the big four accounting firms...Ernst & Young, KPMG, Deloitte and PwC. Well, it's now 2017, and the new, much bigger, Big Four are Facebook, Amazon, Google and Apple.

Maybe I’m dating myself, but there was a time that whenever I would hear the “Big Four,” I would always think of the big four accounting firms...Ernst & Young, KPMG, Deloitte and PwC.

Well, it’s now 2017, and the new, much bigger, Big Four are Facebook, Amazon, Google and Apple. Given their outsized share of the marketplace, not to mention our lives, are these companies monopolizing our lives in a negative way? Our guest this week, Scott Galloway, certainly thinks so.

Scott is a professor at New York University’s Stern School of Business, where he teaches brand strategy and digital marketing to second-year MBA students. A serial entre­preneur, he has founded nine firms, including L2. In 2012, he was named one of the “World’s 50 Best Busi­ness School Professors” by Poets & Quants.

In his first book, The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google, Scott explores how these massive companies infiltrate our lives so completely that they’re almost impossible to avoid. Why does the stock market forgive them for sins that would destroy other firms? As they race to become the world’s first trillion-dollar company, can anyone chal­lenge them? These are just a couple of the fundamental questions Scott asks throughout the book.

Let’s face it, there’s no avoiding them, so we all better figure out how to either compete with them, work with them, or just live in a world dominated by them.

“Better Off” is sponsored by Betterment.

Have a finance related question? Email us here or call 855-411-JILL.

We love feedback so please subscribe and leave us a rating or review in iTunes!

Connect with me at these places for all my content:

https://twitter.com/jillonmoney

https://www.facebook.com/JillonMoney

https://www.instagram.com/jillonmoney/

https://www.linkedin.com/in/jillonmoney/ 

http://www.stitcher.com/podcast/jill-... 

http://betteroffpodcast.com/

https://itunes.apple.com/us/podcast/b...

"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.