A dozen former employees, investors in the fund, and other people close to the matter describe an investment firm in disarray. Seven years ago, a smooth-talking associate of Peter Thiel promised that he had launched the “capstone” to Thiel’s investment empire, naming their new firm after a mythical metal in Lord of the Rings because [...]
The UK’s Digital, Culture, Media and Sport Committee called Facebook a “digital gangster” — but it’s not the only group of regulators out for blood. The cries to regulate Facebook are getting louder and louder. This week they’re coming from a familiar foe: The UK’s Digital, Culture, Media and Sport Committee, which has been investigating Facebook’s [...]
Plus: Northern Virginia is keeping Amazon’s 25,000 jobs; Amazon invests in a rival to Tesla’s electric cars; what all the US presidents served at state dinners — and what it means. Comparing Facebook to “digital gangsters” in the online world, a final report by a British parliamentary committee found that the company deliberately broke privacy [...]
Diller, the former CEO of Paramount and Fox, talks about the diminished power of movie studios and why “Netflix has won this game” on the latest Recode Decode. Before he became a tech mogul, IAC and Expedia Group chairman Barry Diller was a media mogul, working in executive roles at ABC, Paramount, and Fox. But [...]
Sooner than you think. But AT&T, which owns HBO, TNT, and CNN, says they won’t be taking your bets. Sports betting in the US used to be illegal, for the most part. Now it’s up to individual states to decide if they want it. Besides Nevada, which has always had legal sports betting, a handful [...]
The HQ2 contest was very Amazonian. So was its refusal to back down. No one looks good in the wake of Amazon’s decision to scrap plans for a giant New York headquarters in Long Island City, Queens. The state’s two powerful politicians — Governor Andrew Cuomo and New York City Mayor Bill de Blasio — [...]
Plus: Trump will declare a national emergency to get money for his wall; JPMorgan Chase creates its own cryptocurrency; meet Australia’s first tech billionaires. In a startling and rare defeat for the $800 billion tech giant, Amazon is scrapping its plan to bring a new headquarters — along with 25,000 jobs — to New York [...]
Cambridge Analytica is still causing headaches for Facebook. The FTC isn’t messing around. The Federal Trade Commission, which is still investigating Facebook for potential privacy violations related to how the company has shared data in the past with outside developers, is negotiating with Facebook to settle the issue with a fine that could be billions [...]