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	<title>Trump Archives - Tech Trends</title>
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		<title>In the Age of Rogue Accounts, Does Twitter Verification Still Mean Anything?</title>
		<link>https://techtrends.tech/tech-trends/age-rogue-accounts-twitter-verification-still-mean-anything/</link>
		
		<dc:creator><![CDATA[Alice]]></dc:creator>
		<pubDate>Sun, 19 Feb 2017 13:24:24 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Tech Trends]]></category>
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		<category><![CDATA[Rogue Science Accounts]]></category>
		<category><![CDATA[Social Media]]></category>
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		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Twitter Rogue Accounts]]></category>
		<guid isPermaLink="false">http://techtrends.tech/?p=3018</guid>

					<description><![CDATA[<p>&#160; After the US government attempted to gag scientists who dissented from its official position, many of them went &#8220;rogue&#8221; &#8230; <a class="kt-excerpt-readmore" href="https://techtrends.tech/tech-trends/age-rogue-accounts-twitter-verification-still-mean-anything/" aria-label="In the Age of Rogue Accounts, Does Twitter Verification Still Mean Anything?">Read More</a></p>
<p>The post <a href="https://techtrends.tech/tech-trends/age-rogue-accounts-twitter-verification-still-mean-anything/">In the Age of Rogue Accounts, Does Twitter Verification Still Mean Anything?</a> appeared first on <a href="https://techtrends.tech">Tech Trends</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>&nbsp;</p>
<p><em><strong>After the US government attempted to gag scientists who dissented from its official position, many of them went &#8220;rogue&#8221; on Twitter. </strong></em></p>
<p>What does Twitter’s blue tick of approval mean in a post-truth age? The coveted check signals a verified, official Twitter account, but in a media environment where the left is distrusting of “official” government decrees, the right is distrusting of “official” legacy media, and the most revealing information comes from clandestine sources and high-level leaks, verification no longer holds the same weight it once did.</p>
<hr /><p><em>What does Twitter’s blue tick of approval mean in a post-truth age</em><br /><a href='https://x.com/intent/tweet?url=https%3A%2F%2Ftechtrends.tech%2F%3Fp%3D3018&#038;text=What%20does%20Twitter%E2%80%99s%20blue%20tick%20of%20approval%20mean%20in%20a%20post-truth%20age&#038;related' target='_blank' rel="noopener noreferrer" >Share on X</a><br /><hr />
<p>We can no longer rely on third-party appraisal—whether it’s the government, news publications, or social media—to authenticate information for us. Instead, we must seed our own skepticism and verify our suspicions independent of a single source.</p>
<hr /><p><em>The rulebook that governs the relationship between the press and government was tossed out by Trump</em><br /><a href='https://x.com/intent/tweet?url=https%3A%2F%2Ftechtrends.tech%2F%3Fp%3D3018&#038;text=The%20rulebook%20that%20governs%20the%20relationship%20between%20the%20press%20and%20government%20was%20tossed%20out%20by%20Trump&#038;related' target='_blank' rel="noopener noreferrer" >Share on X</a><br /><hr />
<p>This is no more true than on Twitter. The rulebook that governs the relationship between the press and the US government <a href="http://www.foxnews.com/politics/2017/02/13/press-confronts-reality-messy-trump-presidency-that-breaks-rules.html">has been casually tossed out</a>, and for better or worse, the US president himself <a href="http://www.independent.co.uk/life-style/gadgets-and-tech/news/donald-trump-keep-using-own-twitter-tweets-us-president-inauguration-us-president-go-bing-white-a7529281.html">favors using Twitter</a> to bypass the “unkind” press and speak directly to the public. So there was a poetic irony when Donald Trump’s administration <a href="https://sunlightfoundation.com/list-of-federal-government-agencies-told-not-to-communicate-with-the-public/">issued blanket gag orders</a> on US government agencies, and many of them turned to Twitter to keep their voices from being silenced. From <a href="https://twitter.com/RogueNASA">NASA</a> to the <a href="https://twitter.com/Alt_CDC">Centers for Disease Control and Prevention</a> and the <a href="https://twitter.com/ActualEPAFacts">Environmental Protection Agency</a> (EPA), there’s an <a href="http://www.core77.com/posts/60230/Heres-a-List-of-All-the-US-Govts-Rogue-Twitter-Accounts-Fighting-Trumps-Crackdown-on-Science">ever-growing list</a> of so-called “rogue” handles run by agency insiders. These accounts are gathering millions of followers and are helping to galvanize a growing resistance movement.</p>
<p>&nbsp;</p>
<p><a href="https://qz.com/913807/twitter-verification-doesnt-mean-anything-in-our-post-truth-society/">Read the full article on Quartz</a></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en">Want Twitter’s blue tick of approval? In a post-truth age, verification doesn’t mean trust <a href="https://t.co/q2CoKZ2unx">https://t.co/q2CoKZ2unx</a></p>
<p>— Quartz (@qz) <a href="https://twitter.com/qz/status/832612686970109952">February 17, 2017</a></p></blockquote>
<p><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The post <a href="https://techtrends.tech/tech-trends/age-rogue-accounts-twitter-verification-still-mean-anything/">In the Age of Rogue Accounts, Does Twitter Verification Still Mean Anything?</a> appeared first on <a href="https://techtrends.tech">Tech Trends</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">3018</post-id>	</item>
		<item>
		<title>Will Brexit and Trump Drive Tech Talent to Canada?</title>
		<link>https://techtrends.tech/tech-trends/will-brexit-and-trump-drive-tech-talent-to-canada/</link>
		
		<dc:creator><![CDATA[Alice]]></dc:creator>
		<pubDate>Fri, 20 Jan 2017 13:28:39 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Tech Trends]]></category>
		<category><![CDATA[Brexit]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[Creativity]]></category>
		<category><![CDATA[Tech Talent]]></category>
		<category><![CDATA[Trump]]></category>
		<guid isPermaLink="false">http://techtrends.tech/?p=2789</guid>

					<description><![CDATA[<p>&#160; I was told during a recent trip to Canada that diversity was key to innovation and creativity cannot thrive &#8230; <a class="kt-excerpt-readmore" href="https://techtrends.tech/tech-trends/will-brexit-and-trump-drive-tech-talent-to-canada/" aria-label="Will Brexit and Trump Drive Tech Talent to Canada?">Read More</a></p>
<p>The post <a href="https://techtrends.tech/tech-trends/will-brexit-and-trump-drive-tech-talent-to-canada/">Will Brexit and Trump Drive Tech Talent to Canada?</a> appeared first on <a href="https://techtrends.tech">Tech Trends</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>&nbsp;</p>
<p><em><strong>I was told during a recent trip to Canada that diversity was key to innovation and creativity cannot thrive in a climate of fear. I heartily agree, which is why it worries me to see the political and popular rhetoric which emerged from Brexit in the UK and Trump’s election in the US.</strong></em></p>
<hr /><p><em>Creativity cannot exist in a climate of fear</em><br /><a href='https://x.com/intent/tweet?url=https%3A%2F%2Ftechtrends.tech%2F%3Fp%3D2789&#038;text=Creativity%20cannot%20exist%20in%20a%20climate%20of%20fear&#038;related' target='_blank' rel="noopener noreferrer" >Share on X</a><br /><hr />
<p>Technologists in the US are also understandably concerned that they might get conscripted into enabling the creation of a “Muslim Register” or similar databases that help target people on the basis of their race, religion or national origin. The historical parallels are quite disturbing, and many recently <a href="http://neveragain.tech/">signed a pledge</a> to say they’d refuse to participate in such initiatives.</p>
<p>But with Donald Trump’s inauguration now upon us, and Theresa May’s “Hard Brexit” ordeal about to start in earnest, will liberal-minded techies be forced to look for greener creative pastures? Canada certainly hopes so, and the country is doing a pretty good job of making itself welcoming.</p>
<p>Not only does Canada have arguably the world’s most charismatic leader &#8211; <a href="http://occupydemocrats.com/2017/01/19/obama-just-penned-farewell-thank-letter-american-people/">now that Barak Obama has vacated that post</a> -in Justin Trudeau (I mean, just look at the guy, he could be part of the recent <a href="http://www.bbc.co.uk/newsbeat/article/38680211/lgbt-dance-party-staged-outside-incoming-us-vice-president-mike-pences-house">dance-in protest staged outside Mike Pence’s house</a> in DC) but it also boasts a host of friendly immigration and tax policies, great quality of life and a booming tech ecosystem.</p>
<hr /><p><em>Innovation needs diversity to thrive, and Canada seems to get that</em><br /><a href='https://x.com/intent/tweet?url=https%3A%2F%2Ftechtrends.tech%2F%3Fp%3D2789&#038;text=Innovation%20needs%20diversity%20to%20thrive%2C%20and%20Canada%20seems%20to%20get%20that&#038;related' target='_blank' rel="noopener noreferrer" >Share on X</a><br /><hr />
<p>In <a href="http://thenextweb.com/contributors/after-trump-and-brexit-canadas-tech-industry-prepares-for-a-talent-poaching-bonanza/">this article for The Next Web</a> I talk to one of the companies North of the border looking to capitalise on this, and ask British Columbia’s Minister of Technology for his insights into what gives areas like Vancouver the edge in attracting coveted tech talent to the region.</p>
<blockquote><p>“None of this even existed five months ago, it’s crazy when you think about it,” says Ryan Peterson as he shows me around the “Holodeck,” a 25,000 square foot holographic studio where his company <u>Finger Food Studios </u>is making cutting-edge augmented and mixed reality products for Fortune 500 companies. It’s a cavernous warehouse on the outskirts of Vancouver, but Peterson tells me that the facility is almost full. Over the next 12 months they’re planning to double the size of their 100-strong team as the demand for MR picks up, but that’s only the beginning.</p></blockquote>
<figure class="post-image post-mediaBleed aligncenter"><img fetchpriority="high" decoding="async" class="wp-image-1018809 lazy lazyLoaded" src="https://cdn3.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5459.jpg" sizes="(max-width: 639px) 100vw, 639px" srcset="https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5459.jpg 1230w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5459-280x187.jpg 280w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5459-405x270.jpg 405w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5459-203x135.jpg 203w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5459-796x531.jpg 796w" alt="" width="639" height="426" data-lazy="true" /><figcaption><i class="icon icon--inline icon--twitter--dark"></i>Finger Food CEO Ryan Peterson</figcaption><figcaption></figcaption></figure>
<blockquote><p>“As the demand really picks up we want to become the major hub for this, so there’s definitely the potential to be over a thousand people here. We need people to develop and design this technology. And for every engineer, we need a creative person who can harness that technical horsepower,” he says.</p></blockquote>
<p>They’re preparing for the Holodeck’s launch party that afternoon, where – in between sampling some of what the local micro-breweries and wineries have to offer – I talked to the region’s Minister of Technology, Amrik Virk about the tech scene in British Columbia. I asked him what he made of the fact that we were standing among the world’s largest holograms (Finger Food produced a full-scale holographic model of a truck for <a href="http://www.paccar.com/" target="_blank" rel="nofollow noopener">Paccar</a> which was showcased at the launch).</p>
<figure class="post-image post-mediaBleed alignnone"><img decoding="async" class="alignnone wp-image-1018813 lazy lazyLoaded" src="https://cdn3.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-4957.jpg" sizes="(max-width: 606px) 100vw, 606px" srcset="https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-4957.jpg 1230w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-4957-280x187.jpg 280w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-4957-405x270.jpg 405w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-4957-203x135.jpg 203w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-4957-796x531.jpg 796w" alt="" width="606" height="404" data-lazy="true" /></figure>
<blockquote><p>“I grew up watching Star Trek so seeing the holodeck here is amazing,” he says with a grin, before telling me that although Finger Food is certainly a poster child for the BC tech industry, they’re far from atypical. These are booming times. “When I ask Tech CEOs about their growth projection they always tell me around 20,30,40%. We have around 100,000 families in the area who put food on the table as a result of the tech industry in one of its various verticals.”</p></blockquote>
<figure class="post-image post-mediaBleed aligncenter"><img decoding="async" class="wp-image-1018810 lazy lazyLoaded" src="https://cdn3.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5594.jpg" sizes="(max-width: 585px) 100vw, 585px" srcset="https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5594.jpg 1230w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5594-280x187.jpg 280w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5594-405x270.jpg 405w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5594-203x135.jpg 203w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5594-796x531.jpg 796w" width="585" height="390" data-lazy="true" /><figcaption><i class="icon icon--inline icon--twitter--dark"></i>BC Minister of Technology Amrik Virk</figcaption><figcaption></figcaption></figure>
<p>He tells me that the ecosystem is helped by a friendly tax environment – corporate tax here is the lowest in North America, 26% compared to an average of 41% in the US – and additional industry-specific incentives such as the <a href="http://www2.gov.bc.ca/gov/content/taxes/income-taxes/corporate/credits/interactive-digital-media" target="_blank" rel="nofollow noopener">Interactive Digital Media Tax Credit</a>.</p>
<hr /><p><em>With creative elites feeling increasingly unwelcome in the ultra-polarized political climate of Britain and the US, will there be a surge of tech talent heading North to Canada?</em><br /><a href='https://x.com/intent/tweet?url=https%3A%2F%2Ftechtrends.tech%2F%3Fp%3D2789&#038;text=With%20creative%20elites%20feeling%20increasingly%20unwelcome%20in%20the%20ultra-polarized%20political%20climate%20of%20Britain%20and%20the%20US%2C%20will%20there%20be%20a%20surge%20of%20tech%20talent%20heading%20North%20to%20Canada%3F&#038;via=techtrends_tech&#038;related=techtrends_tech' target='_blank' rel="noopener noreferrer" >Share on X</a><br /><hr />
<p>There are active moves from both industry and government to encourage more people in the technology sector to move to the region. Last year they brought in 5800 workers to fill specific needs of that booming job market, but they’re still 4000 people short of this year’s target according to Virk. “And these are really cool jobs,” he says “We’ve very much working with the federal government to also establish a path to permanency for those individuals that come here, because we want them to stay here.”</p>
<p>Their recent increased visa allocation is also making it much easier to get talented individuals from the tech industry, and to get them over quickly. The process, I’m told, can take as little as two weeks. Finger Food’s Creative Director Chris Waind believes that these factors are all aligning to open up the floodgates for Canada’s creative industries.</p>
<blockquote><p>“Creativity and innovation cannot exist within the realm of fear,” he says alluding to the post-Brexit climate in the UK. “You get these people that simply don’t want to live with what’s happening in Europe at the moment, which runs completely contrary to what it is like to live in Canada.” Waind himself is a British expat who’s been living in Vancouver for the past 17 years, and he tells me there’s nowhere else he’d rather raise his family: “It’s an incredibly accommodating place to live, absolutely gorgeous. And Canadians, God Bless them, are wonderful people. They are so nice, as an English person I sometimes find it irritating. I go back to England every once in a while to get my grumpiness fix.”</p></blockquote>
<figure class="post-image post-mediaBleed alignnone"><img loading="lazy" decoding="async" class="alignnone wp-image-1018811 lazy lazyLoaded" src="https://cdn3.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5652.jpg" sizes="auto, (max-width: 575px) 100vw, 575px" srcset="https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5652.jpg 1230w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5652-280x187.jpg 280w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5652-405x270.jpg 405w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5652-203x135.jpg 203w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5652-796x531.jpg 796w" alt="" width="575" height="383" data-lazy="true" /></figure>
<blockquote><p>“we’re seeing more hits, more queries on our websites from outside than ever before,” confirms Virk. “This is not something we started last month as a result of events in Europe and the US, this has been our mission for many years, but now that you do have those events, we can go to places like Silicon Valley and show them that we already have this tech space and say to them ‘we welcome your background, your ideas and your training.”</p></blockquote>
<figure class="post-image post-mediaBleed alignnone"><img loading="lazy" decoding="async" class="alignnone wp-image-1018808 lazy lazyLoaded" src="https://cdn3.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5174.jpg" sizes="auto, (max-width: 632px) 100vw, 632px" srcset="https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5174.jpg 1230w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5174-280x187.jpg 280w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5174-405x270.jpg 405w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5174-203x135.jpg 203w, https://cdn0.tnwcdn.com/wp-content/blogs.dir/1/files/2017/01/12.9.2016-Finger-Food-Holodeck-Edited-5-Selects-5174-796x531.jpg 796w" alt="" width="632" height="421" data-lazy="true" /></figure>
<blockquote><p>This is not a case of building a Northern version of a Southern industry, as #BCTECH is actually surpassing many other tech hubs in terms of growth and innovation. “You’re looking at the early 90s Seattle scene to get anywhere close,” says Waind. “I think the next 10 to 20 years you will see Vancouver being the number 1 city for tech.”</p></blockquote>
<p>That’s easy to believe once you’re immersed in that scene, but comes as a bit of a surprise given how under the radar that growth has been. It’s perhaps a byproduct of Canadian humility that they’re reluctant to shout their accomplishments from the rooftops, but the sense I get from everybody here is that this might be about to change. As Virk tells me: “I’m suggesting now that in that humble Canadian way we accentuate what we’re good at and we invite the world to be part of that.”</p>
<p>Well, beam me up Scotty…</p>
<p>&nbsp;</p>
<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en">After Trump and Brexit, Canada’s Tech Industry Prepares for a Talent-Poaching Bonanza <a href="https://t.co/sqr3n9XSe1">https://t.co/sqr3n9XSe1</a> via <a href="https://twitter.com/TheNextWeb">@thenextweb</a></p>
<p>— Alice Bonasio (@alicebonasio) <a href="https://twitter.com/alicebonasio/status/822420041891278848">January 20, 2017</a></p></blockquote>
<p><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><strong><em>For companies looking to get into Immersive technologies such as VR/AR/MR/XR our </em></strong><a href="http://alicebonasio.com/vr-consultancy/"><strong><em>Virtual Reality Consultancy services</em></strong></a><strong><em> offer guidance and support on how best to incorporate these into your brand strategy.</em></strong></p>
<blockquote><p><em>Alice Bonasio is a </em><a href="http://techtrends.tech/vr-consultancy/"><em>VR Consultant</em></a><em> and Tech Trends’ Editor in Chief. She also regularly writes for Fast Company, Ars Technica, Quartz, Wired and others. </em><a href="https://www.linkedin.com/in/alicebonasio/"><em>Connect with her on LinkedIn</em></a><em> and follow </em><a href="https://twitter.com/alicebonasio"><em>@alicebonasio</em></a> <em>on Twitter. </em></p></blockquote>
<p>The post <a href="https://techtrends.tech/tech-trends/will-brexit-and-trump-drive-tech-talent-to-canada/">Will Brexit and Trump Drive Tech Talent to Canada?</a> appeared first on <a href="https://techtrends.tech">Tech Trends</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">2789</post-id>	</item>
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		<title>Report: European Tech Sector Will Weather Brexit and Benefit from US Immigration Crackdown</title>
		<link>https://techtrends.tech/tech-trends/2578/</link>
		
		<dc:creator><![CDATA[Alice]]></dc:creator>
		<pubDate>Wed, 14 Dec 2016 19:32:38 +0000</pubDate>
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					<description><![CDATA[<p>&#160; The economic impact of Brexit for the UK is yet to be determined, yet a recent report by Magister &#8230; <a class="kt-excerpt-readmore" href="https://techtrends.tech/tech-trends/2578/" aria-label="Report: European Tech Sector Will Weather Brexit and Benefit from US Immigration Crackdown">Read More</a></p>
<p>The post <a href="https://techtrends.tech/tech-trends/2578/">Report: European Tech Sector Will Weather Brexit and Benefit from US Immigration Crackdown</a> appeared first on <a href="https://techtrends.tech">Tech Trends</a>.</p>
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<p>The economic impact of Brexit for the UK is yet to be determined, yet a recent report by Magister Advisors concludes tech will be one of Europe’s pillars of growth irrespective of whether a country is in the Eurozone or outside it, as the European technology sector is uniquely capable of operating and competing globally.</p>
<hr /><p><em>the European technology sector is uniquely capable of operating and competing globally</em><br /><a href='https://x.com/intent/tweet?url=https%3A%2F%2Ftechtrends.tech%2F%3Fp%3D2578&#038;text=the%20European%20technology%20sector%20is%20uniquely%20capable%20of%20operating%20and%20competing%20globally&#038;related' target='_blank' rel="noopener noreferrer" >Share on X</a><br /><hr />
<p>Political turmoil across the Atlantic and the tightening of US immigration, however, will actually represent an opportunity for Europe, allowing the continent to attract key skilled workers and consolidate its growing world-class talent pool. “At a time when the idea of borders invades practically every aspect of economic and political discourse, here is a class of companies that are borderless by design, are competing globally and are underpinning Europe’s economic performance in a way that deserves more attention,” says Victor Basta, Partner at Magister Advisors</p>
<hr /><p><em>Tightening of US immigration will represent an opportunity for the European Tech Sector</em><br /><a href='https://x.com/intent/tweet?url=https%3A%2F%2Ftechtrends.tech%2F%3Fp%3D2578&#038;text=Tightening%20of%20US%20immigration%20will%20represent%20an%20opportunity%20for%20the%20European%20Tech%20Sector&#038;related' target='_blank' rel="noopener noreferrer" >Share on X</a><br /><hr />
<p>In a year when the whole European experiment has been called into question, the continental technology sector has actually come of come of age. In 2016 sectors such as AI – demonstrated by <a href="http://techtrends.tech/tech-trends/misc-tech/rise-of-the-smart-up/">acquisitions of companies such as Swiftkey and Magic Pony</a> &#8211; as well as FinTech and Gaming have attracted unprecedented interes. The report shows that European tech deals more than doubled in 2016, from $55BN to $127BN, totalling nearly1,000 separate tech M&amp;A, many of which were initiated by Asian buyers, who have ploughed more than $55BN into Europe in 2016:</p>
<blockquote><p>“Asian buyers and investors had a transformative effect on the European technology landscape in 2016, spending more than ever before, and there are signs that their appetite will remain strong. We have seen a Nordic company founded barely six years ago, Supercell, attract $9B from one of Asia’s internet giants. And one of the pillars of the mobile revolution, ARM has gone from IPO to a $35BN acquisition by Softbank in under 20 years,” says Basta.</p></blockquote>
<p>These included six such blockbuster deals of over $5BN accounting for almost $100BN of 2016 exit value. To put this in perspective, we’d only 5 deals of that magnitude in the previous five years combined. That upward trend is set to continue, with 22 European tech companies now valued at over $5BN. That’s a staggering combined value of over $0.5TN.</p>
<blockquote><p>“The sheer scale of 2016’s blockbuster acquisitions in Europe demonstrates that this was the year that the European technology industry came of age,” confirms Basta. “The largest acquisitions were transformational platform deals, not consolidation deals, and that is a major shift that sets the scene for more activity in 2017 and beyond.”</p></blockquote>
<p>Mature private tech companies in Europe are fuelling economic growth in an unprecedented way. Europe’s tech unicorns (companies valued at $1BN) are in a much stronger position than their US counterparts, setting the scene for more of those blockbusters deals to happen over the course of 2017-18. Against the backdrop of anaemic EU growth rates, still a fraction of US growth, the largest 100 private tech companies are achieving growth rates of 20%+, often much more than that.</p>
<blockquote><p>“European tech is developing very differently than Silicon Valley,” Confirms Basta.  “Silicon Valley culture has often been accused of creating a valuation bubble; companies without much revenue being hyped into valuations of hundreds of millions, even billions of dollars. In Europe, there is far more focus on the fundamentals.  $1BN+ value European private tech companies on average have far more revenue and profit than their US counterparts.  European investors are requiring companies to “show me the money” before they are willing to buy shares at high prices.”</p></blockquote>
<p>He added: “The exponential growth in value associated with Silicon Valley is no longer confined to the Pacific Time Zone.  Entrepreneurs in Europe now have home-grown models of how to create, build, and scale companies of huge value without ever leaving the European continent.”</p>
<p>The post <a href="https://techtrends.tech/tech-trends/2578/">Report: European Tech Sector Will Weather Brexit and Benefit from US Immigration Crackdown</a> appeared first on <a href="https://techtrends.tech">Tech Trends</a>.</p>
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