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Big Revolution - Leading, not losing

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Hello and welcome to today's Big Revolution. It would have been with you a little earlier if I hadn't
 
April 19 · Issue #53 · View online
Big Revolution
Hello and welcome to today’s Big Revolution. It would have been with you a little earlier if I hadn’t accidentally deleted and huge chunk of text with no way to undo it. Don’t write directly into the CMS, folks – it always gets you in the end.
Martin

Big things you need to know today
Credit: Amazon
- Amazon has revealed the number of Prime subscribers it has for the first time. It has 100m people paying for the full Prime service, although differing prices around the world make it difficult to estimate how much revenue the company collects via subscriptions.
- Facebook is planing to develop its own A.I. chips, Bloomberg reports. Artificial intelligence is too important to the future of big tech companies for them to rely heavily on third-party suppliers.
- Intel is closing its New Devices Groupwhich was working on impressive-looking smart glasses. It always seemed an odd fit for the company to be working on such a consumer-focused product.
- Marissa Mayer has given an interview about her life after Yahoo. She’s rented Google’s old Palo Alto office and has set up an incubator called Lumi Labs.
The big thought
Leading, not losing
The first thing I read this morning was this tweet by a writer, entrepreneur, and ex-Facebook and Goldman Sachs guy. 
Antonio García Martínez
Talk to a European about GDPR, and from their total incomprehension about how consumer Internet works, you can sort of see why:

1. They've never produced a global Internet company.

2. They've opted to regulate rather than compete.
6:56 AM - 19 Apr 2018
It manages to both sneer at European technology and miss the point of data protection. It also fits nicely with MG Siegler’s post yesterday about out-of-touch Silicon Valley attitudes.
I don’t want to put too many words in this particular individual’s mouth, but the sentiment in this tweet is pretty common in certain circles in the USA.
It’s sometimes a fair point to say ‘no wonder Europe can’t build the next Facebook if it’s more focused on quick profits and heavy regulation than helping business grow.’ But when it comes to data protection, the EU is leading, not losing.
The principles behind GDPR are essentially about treating individuals and their data with respect and human decency. The fact that has to be regulated at all is the problem.
Technology should be built for people. If “how consumer internet works” is at the expense of individuals’ control of their data and privacy, then… maybe it works the wrong way?
As Yelp’s CEO recently said, “In some ways, Silicon Valley as a whole has lost its purpose… If its purpose really was, ‘Hey, we’re really trying to have a positive impact,’ just focusing on technology and growth might not be enough. You might actually have to make decisions that hurt growth.”
How that change of priorities squares with a venture capital model built on rapid growth at all costs will be an interesting challenge in the next few years. I believe it can be done, if people (including investors) adjust their expectations of what internet companies should be. 
I know it can seem crazy to a certain kind of internet entrepreneur, but sometimes strong regulation (and a bit of self-reflection) is exactly what’s needed.
One big read
What Comes After The Social Media Empires What Comes After The Social Media Empires
…and following on from what I wrote above, here are some thoughts from BuzzFeed’s Editor-in-Chief about what comes next after the social media giants of today.
One big tweet
But how many subscriptions can each individual maintain..?
Norgard
What do blazing technology equity growth stocks like Netflix, Spotify and Tinder all have in common?

Subscription first business models that millennials prefer every-day-of-week versus ads

A changing of the guard is in effect
5:03 PM - 17 Apr 2018
That’s all for today...
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(And yes, I’m aware of the irony of putting this after that tweet above!)
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