It’s easy to forget the Internet’s guts & sinews. But cyberspace doesn’t permeate thin air over long distances. Drew FitzGerald explains: Red Sea Conflict Threatens Key Internet Cables www.wsj.com/business/…
Layoffs keep coming in big tech, but the workforce remains huge, thanks to dramatic hiring earlier. Revenue is up a lot too. The numbers are remarkable — Amazon’s workforce has doubled; several other FANG companies are 50% bigger than they were. My latest in the WSJ, with great charts from Alana Pipe: www.wsj.com/economy/j…
Business judgment? Elon Musk & other big shareholders push back against scrutiny they get from Delaware’s famously business-friendly courts, reincorporating in Nevada or Texas and trying to ease Delaware’s legal constraints. My latest in the WSJ, with Erin Mulvaney: on.wsj.com/3SCqJ65
It depends what the meaning of “independent” is? Really remarkable reporting and detail here from my WSJ coworkers: The Money and Drugs That Tie Elon Musk to Some Tesla Directors www.wsj.com/tech/elon…
Reed Hastings gave 2 million Netflix shares — worth some $1.1 billion — to a Silicon Valley charity last week. It’s a big gift for Hastings — 40% of the shares he owned outright. It’s also a big gift for the recipient, Silicon Valley Community Foundation, which had $10 billion in assets a year ago and has gotten billion-dollar gifts before. (Mark Zuckerberg made one a decade ago.) The gift came as Netflix shares reached a 2-year peak, and donations of stock can bring tax breaks of 50%… my latest in the WSJ:
Finished reading: Our Enemies Will Vanish by Yaroslav Trofimov 📚 — Compelling, and good insight into just how the first year-plus of the war in Ukraine unfolded, by one of the very best foreign correspondents out there
Finished reading: Striving by Jo Thomas 📚 — a great look at the challenges her generation faced, framed by some of the most consequential events of the 1960s through the early 2000s. Thomas covered civil rights, the Mob in Detroit, Castro’s Cuba, the Troubles in Ireland, hurricanes and unrest in the Caribbean, the rise of the white-supremacist movement in the U.S. in the 1990s, and so much more. A compelling and engaging book (though it did take me a chapter or so to get comfortable with the present tense).
Just downloaded Epilogue, but the book I want to add doesn’t show up. How can I add it? @jean – not sure if you’re the right one to ask
Miss the mall? Buy a piece of it. Fun story from the WSJ’s Suzanne Kapner: Dying Malls Stir Up Nostalgia—and Eager Bidders for the Decor www.wsj.com/articles/…
Another peek into Bill Gates’s world, from Khadijah Safdar & Emily Glazer: Security firm asked some women applying for jobs at his private office about affairs, porn preference, other explicit topics. Gates’s office called such questioning unacceptable www.wsj.com/articles/…
As always, James Mackintosh cuts through to the crux: Forget the Fed and focus on the economy www.wsj.com/articles/…
This is horrifying (& proves the value of strong reporting): Instagram’s algorithms helped a vast pedophile network thrive; the company says it is improving internal controls. www.wsj.com/articles/…
Another remarkable piece on Epstein by Khadeeja Safdar & Emily Glazer: Bill Gates had an affair with a Russian bridge player around 2010. Then Jeffrey Epstein found out. www.wsj.com/articles/… on @WSJ
Most S&P 500 CEOs finished the year with less pay than initially awarded; Elon Musk’s $10 billion hole. The WSJ CEO pay rankings are out, by Inti Pacheco: www.wsj.com/articles/…
Some entrepreneurs are scrutinizing their banking relationships and moving their funds. smart piece by WSJ’s Ruth Simon: www.wsj.com/articles/…
Just a PSA that at The Wall Street Journal we draw a clear line between news and opinion. The separation between these two independent departments helps ensure impartiality in our news reporting… For more, from the horse’s mouth, see: newsliteracy.wsj.com/news-opin…
The push for rural high-speed internet in the U.S. has run into a snag: utility poles. Smart piece by Ryan Tracy in the WSJ: www.wsj.com/articles/…
Here’s why that recession you keep hearing about is always six months away… Smart analysis by the WSJ’s Nick Timiraos: www.wsj.com/articles/…
Here’s a silver lining: The pandemic pushed poorer and less-educated workers into better jobs. Smart piece by @jdlahart@journa.host :: www.wsj.com/articles/…
Crypto exchange Binance tried to dodge U.S. scrutiny w/ a platform it called wholly separate. Messages reviewed by the WSJ show a different picture. By Caitlin Ostroff & Patricia Kowsmann: www.wsj.com/articles/…
What’s a CEO’s pay package really worth? Meet the SEC’s new “compensation actually paid.” For one CEO, it makes a $24 million difference. My latest in WSJ: www.wsj.com/articles/…
All those big layoffs you’re hearing about? They may not make companies much smaller. My latest in the WSJ: www.wsj.com/articles/…
It’s not a recession – it’s a richcession. Smart piece from my coworkers at The Wall Street Journal: www.wsj.com/articles/…
The game is once again afoot: In wake of Ukraine war, U.S. and allies are hunting down Russian spies. Good read from WaPo: www.washingtonpost.com/world/202…