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How do marketplaces become monopolies?
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July 07, 2023

Tech Brew

Secureframe

It’s Friday. We had a chat with Shirish Nadkarni, a serial entrepreneur and startup expert, to break down how a humble marketplace becomes an unwieldy monopoly—and what Congress can do to regulate marketplace monopolies in the US.

In today’s edition:

Maeve Allsup, Courtney Vinopal, Annie Saunders

BIG TECH

Captains of industry

Graphic featuring a headshot of Shirish Nadkarni Shirish Nadkarni

In today’s tech landscape, it would be hard to overstate the impact of marketplaces.

Whether you’re looking for goods, services, or tools, there’s probably an app for that. Marketplaces have become powerful global players, and are often at the center of discourse around policy (think about the impact of Amazon, Airbnb, or Uber, among others).

We sat down with serial entrepreneur Shirish Nadkarni, whose latest book, Winner Takes All: Case Studies in How Online Marketplaces Are Creating Modern Monopolies, digs into the economics of marketplaces and how they become monopolies.

Keep reading here.—MA

     

TOGETHER WITH SECUREFRAME

Simplified, speedy security

Secureframe

Achieving compliance isn’t the most straightforward process. Secureframe helps businesses get there easily through a comprehensive automation platform—without all the twists and turns.

Secureframe uses 150+ integrations, built-in security training, vendor and risk management, and more to make compliance uncomplicated. And once you achieve it, they’ll help you keep it by continuously detecting misconfigurations across your tech stack.

In need of cloud remediation? Secureframe has your back. Their Comply AI makes fixing failing controls simple and speedy so you can secure your cloud environment and get audit ready.

Whether you need SOC 2, ISO 27001, or anything in between, Secureframe’s experts can guide you through every step of the process. So don’t delay—book a demo.

TECH POLICY

STEM shortfalls

Image from a 2020 OECD meeting Antoine Antoniol/Getty Images

During a recent panel on educational policies that could advance women in STEM careers, representatives from the Organization for Economic Cooperation and Development (OECD) painted an unfortunate picture: Since 2005, the number of women in STEM hasn’t actually increased all that much.

While OECD data indicates that more women globally are attending university, the percentage of women in fields like engineering hardly budged between 2005 and 2020. And in IT, the number of women actually decreased during that time.

Keep reading here.—MA

     

AI

EQ > AI

A hand puts a block that reads "emotional intelligence" on top of a pyramid of wooden building blocks. Cagkansayin/Getty Images

In recent years, the concept of “emotional intelligence”—the ability to accurately perceive and manage your own emotions as well as others’—has gained a foothold in the C-suite. Numerous studies have pointed to the importance of displaying emotional intelligence in the workplace, and the Covid-19 pandemic only strengthened the case for it.

Still, many corporate leaders still struggle with emotional intelligence and other soft skills, like empathy.

Increasingly, though, some C-suite executives and founders are seeking out soft skills through leadership training and other development opportunities. Leaders told HR Brew that honing these kinds of skills may give executives a leg up in a future dominated by AI technologies.

Keep reading here.—CV

     

TOGETHER WITH CISCO

Cisco

See it and believe it: It’s time to move beyond siloed domain monitoring. With Cisco’s Full-Stack Observability, you can start detecting potential software issues before they become problems. That means more insights, more action, and less noise. Discover how Cisco Full-Stack Observability gives you happier users with less effort.

BITS AND BYTES

Stat: 53%. That’s how much higher Nvidia’s second-quarter earnings of $11 billion were than the $7.2 billion projected—just one bullish earnings report amid the AI hype wave, IT Brew reported.

Quote: “These businesses knew their products were unsafe and harmful, and they lied about it. They have profited massively from their lies and left the rest of us to suffer the consequences and pay for the damages. We say enough is enough.”—Multnomah County Chair Jessica Vega Pederson, regarding a lawsuit filed by the Oregon county against fossil-fuel companies that aims to hold them accountable for a stifling 2021 heat wave

Read: How your attention is auctioned off to advertisers (The Markup)

Easy-peasy compliance: With 150+ integrations, vendor and risk management support, and built-in security training—plus other automations—Secureframe makes compliance for businesses simple. Book a demo.*

*This is sponsored advertising content.

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Written by Maeve Allsup, Courtney Vinopal, and Annie Saunders

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