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: 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.

Have a money question? Email me here.

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.

#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.

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

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http://betteroffpodcast.com/

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

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.

#320 The Power of Hitting the Pause Button

Before you think about hitting the pause button, at least get through the latest episode of Jill on Money, because it's a good one! We started with Cindy in California, whose misfortune of losing her dad a couple years ago led to an inheritance worth more than $2 million.  But now Cindy is having a hard time finding someone trustworthy to help her formulate a plan, hence the call to us.  It was far from a simple answer so we kept her around for a couple segments. April 22 JOM Hour One

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Okay, now to Rachael O'Meara, our guest this week in hour two.  I have to say, I really enjoyed her new book, Pause: Harnessing the Life-Changing Power of Giving Yourself a Break.

April 22 JOM Hour Two

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Let's face it, we've all been there.  The feeling of being overwhelmed, burned out or stuck at work or in life. Your impulse might be to lean in and tough it out, but what you may really need to do is take a step back, reassess your life with a clear head and dive back in with purpose and poise.  And that's what this book is all about.  Taking that pause, taking a deep breath, regrouping and jumping back on the horse.

Throughout the book Rachael guides you through the steps of your own pause journey:

• The signs that you’re in need of a meaningful break
• Planning your optimal pause—whether it’s as short as a day or as long as an epic journey
• Reentering the world with renewed clarity and purpose

Rachel's book will give you the tools necessary to lead a more satisfying and fulfilling life -- and you may be able to do that by taking a five-minute walk outside, spending a day unplugged from digital devices, or taking off some time to simply quiet your mind.P.S. Check out our podcast!  It's called Better Off and it's sponsored by Betterment.  It's similar to the radio show yet a bit different.  We'd love hear your feedback!  You can download it via iTunes, Spotify or Google Play.  If possible, please leave a rating and/or review in iTunes.

Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:

• Call 855-411-JILL and we'll schedule time to get you on the show LIVE 

• Send an email: askjill@jillonmoney.com 

• Tweet us: @jillonmoney and @MTalercio

Aunt Jill on the 404: Google, LinkedIn, Sony

It was Aunt Jill and  Jeff Bakalar on CNET's 404, because Justin Yu was off saving the world. This allowed us plenty of time to discuss the NHL playoffs (you must see the video to fully enjoy my wardrobe choice!) While we were airing this episode, the Google I/O conference was making all sorts of headlines, boosting the stock to record levels.  Jeff explained to me why Sony has hit the skids and I announced my new love affair with LinkedIn.

As always, questions from the fabulous 404 fans kept me on my toes, asking about student loans, saving for retirement, life insurance and assuming a mortgage in order to invest.