The CEO, who splits his time between two companies, delegates most major business decisions in part so he can pursue his personal passions—including an intense curiosity about others. His management style now faces one of its biggest tests.
Tom GaraI can't tell if the highlight of this great Jack Dorsey story is that he discusses Vipassana meditation with Chuck Johnson, or that he tried to put Malala on Twitter's board of directors.
A federal health agency halted a public-service coronavirus advertising campaign funded by $250 million in taxpayer money after it offered a special vaccine deal to an unusual set of essential workers: Santa Claus performers.
Jeffrey Katzenberg may be nearing the end of the road with his mobile video streaming service Quibi. He recently tried to sell its catalog of programming to companies such as NBCUniversal and Facebook. Bothpassed, according to several people...
Tom GaraAppears Quibi is at the end of the line: “strategy meetings have been cancelled, according to two people familiar with the matter. Some employees have informally been scheduling goodbye drinks”
Blockchain technology is going to change everything: the shipping industry, the financial system, government … in fact, what won’t it change? But enthusiasm for it mainly stems from a lack of knowledge and understanding. The blockchain is a solution...
Tom Gara"Bitcoin and Ethereum are now using up the same amount of electricity as the whole of Austria. Carrying out a payment with Visa requires about 0.002 kilowatt-hours; the same payment with bitcoin uses up 906 kWh, more than half a million times as much"
Japan’s Uzabase expects to sell the business news site for far less than the $110 million it paid in 2018, reflecting in part the impact of the pandemic.
Tom GaraTwo grim stories today of deep pocketed investors backing away from news: Emerson Collective cutting ties with California Sunday / Pop-Up, and Quartz's Japanese owner Uzabase looking to offload the site two years after buying it.
Ruth Bader Ginsburg obituaries, reports of missing children and stories from a right-wing satire site made up the week’s most highly engaged stories on social media.
Tom GaraIt's amazing how a seemingly small measurement tweak (measuring total engagement per URL, not per page) completely changes this list: zero Ben Shapiro / Franklin Graham / Bongino etc, and NPR / CNN / MoveOn are 3 of the top 4
When the $10 billion mirror trading scandal was exposed, little emerged about who its victims were or how much Deutsche’s executives knew. The FinCEN Files investigation shows how deep the rot went.
Tom GaraI’ve been a bit lost trying to grasp these FinCen Files stories, but the bit here where the Bank of America people fly to London to warn Deutsche Bank staff about all the dirty money they’re handling, and get *thrown out of the building* is pretty wild
ByteDance founder and CEO Yiming Zhang's decision to drop his pursuit of a sale of TikTok's U.S. operations to Microsoft Corp <MSFT.O> in favor of a partnership with Oracle Corp <ORCL.N> was the culmination of pressure from the Beijing-based firm's...
Tom GaraLots of good detail here on how the Oracle / TikTok thing is structured - it really does seem quite similar to the kind of joint ventures US companies often have to agree to if they want to do business in China
The emergence of the oddball alliance between a business-software giant and social-media sensation is the latest twist in six weeks of negotiations that bear little resemblance to regular deal talks. Behind many of the twists lie President Trump and...
Tom GaraWSJ on how Oracle got involved in the TikTok deal: TikTok’s big investors “went in search of a tech company with close ties to the administration and settled on Oracle”
More than 400 empty ghost trains run across New York City’s 665 miles of subway track each night, the result of Gov. Cuomo’s decision to close the turnstiles to remove homeless riders and scrub down trains during the COVID-19 pandemic.
Tom GaraThis is so insane. The NYC subway system is closed overnight now as part of the coronavirus shutdowns, but they’re still running the trains on the same schedule as before the closure. “Only cops and transit workers are allowed to board”
An NPR and PBS Frontline investigation reveals how the oil and gas industry used the promise of recycling to sell more plastic, even when they knew it would never work on a large scale.
Tom GaraThere’s something incredibly satisfying about a conspiracy you’ve long believed in without any evidence being reported out as true. So “plastic bottle recycling is a lie, they just throw it in a landfill or burn it” is like opium for me