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The tech winners and losers of 2016 (hint: Facebook – and Facebook)

2016 was an unexpected year. Some in Silicon Valley soared, while others tanked. And some took a trip to Trump Tower

The year 2016 was supposed to be when the tech bubble finally burst. Instead the world blew up.

Amid Brexit, the election of Donald Trump, and the increasingly catastrophic consequences of climate change, the dominance of a handful of technology companies over society became increasingly obvious from Facebooks troubling impact on democracy to Elon Musks plan to colonize a new planet before we destroy this one.

Still, if theres one thing we can learn from this year in technology, its that no matter how bad things get, someone in Silicon Valley will make money off it.

Heres our list of techs biggest winners and losers of 2016:

Winners

Facebook

Mark
Mark Zuckerberg: steering the worlds most powerful (not a) media company. Photograph: Mariana Bazo/Reuters

Theres no arguing with world domination. The social network continued its relentless campaign to swallow the internet whole, racking up almost $6bn in profit in the first three quarters of the year and soaring to 1.79 billion monthly active users.

With its walled garden approach and obscure algorithms, Facebook has control over the information reaching a quarter of the worlds population. The company that claims not to be a media company has become the most powerful media company in the history of the world. Surely nothing will go wrong.

Peter Thiel

Trumps
Trumps techie: Peter Thiel exits an elevator after a post-election meeting at Trump Tower. Photograph: Eduardo Munoz/Reuters

Remember when the most notable things about Peter Thiel were his extreme wealth, eccentric views on womens suffrage and desire to start floating colonies in the ocean? We wish we did too.

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