G'day - happy almost Friday. YouTube announced <a href="https://www.theverge.com/2021/11/10/22773299/youtube-dislike-button-hide-public-count-numbers-small-creator-protection?scrolla=5eb6d68b7fedc32c19ef33b4">it'll hide dislike counts</a> to abate harassment, and <a href="https://www.businessinsider.com/original-apple-computer-assembled-by-steve-jobs-sold-for-400000-2021-11">a rare Apple computer</a> just sold for $400,000.Let's get started. If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-in-tech">sign up here</a>. Download Insider's app - click <a href="https://apps.apple.com/app/apple-store/id554260576">here for iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider">here for Android</a>.<a href="https://www.theverge.com/2021/11/10/22773299/youtube-dislike-button-hide-public-count-numbers-small-creator-protection?scrolla=5eb6d68b7fedc32c19ef33b4"></a>1. YouTube will hide public dislike counts on videos. The thumbs down button will still be there, but the count will only be visible to creators. It's a move the company said is meant to promote "respectful interactions between viewers and creators."<ul><li>The company first experimented with hiding dislikes in March to help protect creators from harassment and <a href="https://blog.youtube/news-and-events/update-to-youtube/">"reduce dislike attacks."</a> During the trial period, it found that users were less likely to target a video and drive up the dislike count. </li><li>YouTube's not the first social media site to dabble in removing reactions to posts. Instagram and Facebook both added the option to hide like counts in an effort to <a href="https://www.theverge.com/2021/5/26/22454428/facebook-instagram-hide-like-counts-feature-now-available">reduce social pressures and anxiety. </a></li></ul><a href="https://www.theverge.com/2021/11/10/22773299/youtube-dislike-button-hide-public-count-numbers-small-creator-protection?scrolla=5eb6d68b7fedc32c19ef33b4">What you should know about YouTube's latest feature.</a>In other news:<a href="https://www.businessinsider.com/rivian-stock-ipo-price-tesla-gm-ford-electric-trucks-2021-11"><div type="image" title="Rivian R1T" height="1666" width="2222" msid="87647991" hostid="261"></div></a>2. Rivian investors are betting it's the next Tesla. The electric car company had a blockbuster IPO on Wednesday, reaching a market value <a href="https://markets.businessinsider.com/news/stocks/rivian-stock-price-ipo-debut-valuation-100-billion-ford-gm-2021-11">near $100 billion</a> - putting it ahead of rivals like Ford and General Motors. Now comes the hard part for Rivian: <a href="https://www.businessinsider.com/rivian-stock-ipo-price-tesla-gm-ford-electric-trucks-2021-11">wooing customers and becoming profitable.</a>3. <keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech" source="Orion">Tech</keyword> recruiters once struggled to get people to leave Facebook. Now, an exodus is building. Facebook (now Meta) employees from execs to engineers are looking elsewhere for jobs. Recruiters describe the "scummy feeling" that's surrounding Facebook and <a href="https://www.businessinsider.com/facebook-employees-are-more-willing-to-leave-exodus-recruiters-say-2021-11">prompting employees to leave.</a>4. Elon Musk just sold $5 billion in Tesla stock. The electric vehicle CEO exercised 2.15 million in stock options priced at $6.24 each on Monday, but the plan was in place weeks before his infamous Twitter poll. <a href="https://markets.businessinsider.com/news/stocks/elon-musk-sells-tesla-stock-shares-twitter-poll-taxes-2021-11">Here are the details on the share sale.</a>5. Crypto is a "fad," according to one of Robinhood's earliest investors. Top VC Wesley Chan told us there's a better way to make money on crypto than altcoins like dogecoin and shiba inu coin. The real money, he said, is in the tech that allows crypto and blockchain to flourish. <a href="https://www.businessinsider.com/altcoins-are-a-fad-says-early-robinhood-vc-2021-11">Here's what else he told us.</a>6. The DOJ sued Uber for discriminating against passengers with disabilities. Uber's wait fees are unfair to passengers who need extra time to get into the car, the lawsuit claims. Uber has disputed the claims, saying it didn't break the law. <a href="https://www.businessinsider.com/uber-disability-passengers-fees-justice-department-lawsuit-2021-11">Here's what else we know.</a>7. Mailchimp employees' health benefits were cut off over the weekend. Employees continue to grapple with the company's sale to Intuit, after some learned their health benefits were terminated Sunday, and others found out that their total pay as Intuit employees may be less. <a href="https://www.businessinsider.com/mailchimp-employees-shocked-when-health-benefits-ended-at-intuit-2021-11">Read more in our exclusive report.</a>8. A rare Apple computer built by Steve Jobs just sold for $400,000. The Apple-1 computer is one of the first designed by Steve Wozniak and assembled by Jobs in the 1970s. The computer, which still works, came in a wood case and is considered <a href="https://www.businessinsider.com/original-apple-computer-assembled-by-steve-jobs-sold-for-400000-2021-11">the "holy grail" for vintage electronics collectors.</a>9. A judge rejected Apple's request to delay an overhaul of App Store fees. In October, Apple filed a motion to delay an injunction that would let developers direct users away from iOS apps to pay for services - but a judge declined the company's motion, <a href="https://www.businessinsider.com/apple-epic-games-legal-fight-motion-to-delay-denied-2021-11">freeing developers from one of Apple's most contentious rules.</a>10. There's a new Tesla Semi truck rival on the horizon. Chinese carmaker Geely just unveiled its new electric semi truck, which comes with a built-in kitchen, bathroom, and bedroom, and will drive autonomously. <a href="https://www.businessinsider.com/electric-tesla-semi-truck-tiny-home-geely-homtruck-2021-11">Check out the Homtruck here.</a>What we're watching:<ul><li>It's Singles' Day in China, <a href="https://www.businessinsider.com/singles-day-worlds-biggest-shopping-festival-starts-thursday-china-2021-11">the world's biggest shopping festival.</a></li><li>It's Veterans Day. </li><li>NASA's SpaceX Crew-3 mission is expected to arrive at the International Space Station.</li><li>Merck, Brookfield Asset Management, and others are reporting their Q3 earnings. <a href="https://markets.businessinsider.com/earnings-calendar">Keep up with earnings here.</a></li></ul>Curated by Jordan Parker Erb in New York. (Feedback or tips? Email <a href="mailto:jerb@insider.com">jerb@insider.com</a> or tweet <a href="https://twitter.com/jordanparkererb?lang=en">@jordanparkererb</a>.) Edited by Michael Cogley in London.

10 things in tech you need to know

Good morning! This is the tech news you need to know this Friday. <a href="http://newsletter.businessinsider.com/join/4np/10-things-in-tech&amp;hash=8122c716833601fc1471f79af063b104b104">Sign up here</a> to get this email in your inbox every morning.<ol><li><a href="https://www.wsj.com/articles/amazon-tech-startup-echo-bezos-alexa-investment-fund-11595520249">Amazon invested in startups and gained proprietary information before launching competitors, often crushing the smaller companies in the process, according to the Wall Street Journal</a>. The Journal spoke with startups who said Amazon made similar hardware and software products after purchasing stakes in the companies.</li><li><a href="https://www.businessinsider.com/wirecard-why-russia-might-be-hiding-jan-marsalek-2020-7?r=US&amp;IR=TIR=T">Former Wirecard COO and fugitive Jan Marsalek appears to have deep ties to Russian intelligence, sources told Insider</a>. "There's a million reasons [for the Russians] to get involved with Wirecard," a Dutch official told Insider. "Russian officials always need to move money to the West, and Wirecard was raising lots of money but not as much as they told investors.</li><li><a href="https://www.businessinsider.com/intel-delay-chip-production-stock-plunges-2020-7?r=US&amp;IR=TIR=T">Intel's shares tanked 10% late Thursday after the chip giant announced that production problems have delayed the rollout of its next generation chips</a>. Intel CEO Bob Swan said the company found "a defect mode" in its manufacturing process which will push back its production schedule.</li><li><a href="https://www.buzzfeednews.com/article/ryanmac/facebook-employee-leaks-show-they-feel-betrayed">Facebook has undergone considerable internal strife, as its employees reckon with the firm's stance on refusing to remove posts from politicians containing lies or threats of violence, according to BuzzFeed</a>. One engineer who left on July 1 posted in an internal goodbye note that he thought "Facebook is hurting people at scale."</li><li><a href="https://www.businessinsider.com/trump-campaign-spend-80000-facebook-anti-tiktok-ads-2020-7?r=US&amp;IR=TIR=T">Trump ads on Facebook claiming 'TikTok is spying on you' reached up to 5 million Americans and targeted younger voters</a>. In the five days between July 17 and July 21, accounts tied to Donald Trump's campaign posted 450 separate adverts on Facebook and Instagram lambasting TikTok for spying on users and siphoning data to China.</li><li><a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-reaction-4th-quarterly-profit-sp500-elon-musk-2020-7-1029423950#">Tesla stock rose on Thursday after the company made a profit for the fourth quarter in a row</a>. Elon Musk's electric-car company reported $104 million in net income, a big improvement from its $408 million loss in the second quarter of 2019.</li><li><a href="https://markets.businessinsider.com/news/stocks/twitter-q2-earnings-stock-surges-20-million-users-3-months-2020-7-1029424346#">Twitter shares spiked as much as 5.8% on Thursday after the social network reported record growth in daily active users in the second quarter</a>. The company added 20 million users in the period, fueling a 34% year-on-year increase in its userbase to 186 million.</li><li><a href="https://www.businessinsider.com/lawtech-global-hub-london-uk-fintech-sandbox?r=US&amp;IR=TIR=T">The UK is hoping its next $50 billion tech success story after fintech will be law</a>. London is home to 44% of Europe's law startups and the city has been flagged by The Law Society as one of 10 emerging "lawtech" ecosystems.</li><li><a href="https://www.businessinsider.com/hsbc-and-accenture-backed-quantexa-after-seeing-this-pitch-deck-2020-7?r=US&amp;IR=TIR=T">Analytics startup Quantexa has $65 million in a Series C funding round led by Evolution Equity Partners – and backed by HSBC and Accenture</a>. With hundreds of clients in more than 70 countries, including HSBC and Standard Chartered Bank, Quantexa uses the advancements in big data and AI to uncover hidden risk and opportunities across financial crime, credit risk, and fraud. </li><li><a href="https://www.businessinsider.com/apple-cofounder-steve-wozniak-sues-youtube-over-bitcoin-scams-2020-7?r=US&amp;IR=TIR=T">Apple cofounder Steve Wozniak has filed a complaint against YouTube over an ongoing bitcoin scam using his image and likeness as well as those of other tech executives</a>. The lawsuit comes after several high-profile executives, celebrities, and politicians had their accounts taken over as part of a bitcoin scam on Twitter.</li></ol>Have an Amazon Alexa device? Now you can hear <keyword id="9070519" type="UNKNOWN" weightage="60" keywordseo="10-things-in-tech">10 Things in Tech</keyword> each morning. Just search for "Business Insider" in your Alexa's flash briefing settings.

10 things in tech you need to know today

Welcome to <keyword id="11907098" type="UNKNOWN" weightage="60" keywordseo="insider-finance" source="Orion">Insider Finance</keyword>. If this was forwarded to you, <a href="http://newsletter.businessinsider.com/join/4np/insider-finance">sign up here</a>. Plus, download Insider's app for news on the go - <a href="https://apps.apple.com/app/apple-store/id554260576?pt=385758&amp;ct=06292021_newsletters&amp;mt=8amp;mt=8">click here for iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider&amp;r[%E2%80%A6]ers%26utm_medium%3Demail%26utm_term%3D06292021%26anid%3Dadmobdmob">here for Android</a>.On the agenda today:<ul><li>Tom Montag's perplexing departure - <a href="https://www.businessinsider.com/who-could-succeed-tom-montag-bank-of-america-retirement-timeline-2021-8">and who could fill his shoes at BofA.</a></li><li>We spoke with founders backed by Tiger Global to find out <a href="https://www.businessinsider.com/startup-founders-tell-why-tiger-global-wins-so-many-deals-2021-8">what sets it apart.</a></li><li>Affirm is building a team to help merchants <a href="https://www.businessinsider.com/affirm-hiring-senior-product-manager-bnpl-customize-tech-merchants-ecommerce-2021-8">customize their own BNPL offerings.</a></li></ul>Let's get started. <a href="https://www.businessinsider.com/who-could-succeed-tom-montag-bank-of-america-retirement-timeline-2021-8">The perplexing departure of Tom Montag</a><a href="https://www.businessinsider.com/who-could-succeed-tom-montag-bank-of-america-retirement-timeline-2021-8"></a>Bank of America insiders aren't surprised by COO Tom Montag's retirement announcement. But the timing of his decision, which was made with no named successor, is perplexing some who've worked with him. <a href="https://www.businessinsider.com/who-could-succeed-tom-montag-bank-of-america-retirement-timeline-2021-8">More on Montag's puzzling departure - and who might fill BofA's power vacuum once he leaves.</a><a href="https://markets.businessinsider.com/news/stocks/spac-lawsuits-firms-defense-letter-pershing-square-bill-ackman-2021-8">Law firms are defending SPACs</a><a href="https://markets.businessinsider.com/news/stocks/spac-lawsuits-firms-defense-letter-pershing-square-bill-ackman-2021-8"><div type="image" title="Bill Ackman" height="2207" width="2942" msid="85796227" hostid="261"></div></a>In the wake of the <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-spac-lawsuit-sued-pershing-square-tontine-sec-psth-2021-8">lawsuit against Bill Ackman's SPAC</a>, nearly 50 law firms have banded together to voice their defense of the blank-check firms. The firms are pushing back on lawsuits against SPACs that claim the companies are operating as investment firms and should be regulated as such. <a href="https://markets.businessinsider.com/news/stocks/spac-lawsuits-firms-defense-letter-pershing-square-bill-ackman-2021-8">Here's what else you need to know.</a><a href="https://www.businessinsider.com/affirm-hiring-senior-product-manager-bnpl-customize-tech-merchants-ecommerce-2021-8">Affirm is growing its "Powered by Affirm" team</a><a href="https://www.businessinsider.com/affirm-hiring-senior-product-manager-bnpl-customize-tech-merchants-ecommerce-2021-8"><div type="image" title="785A2800 F" height="3707" width="4943" msid="85796229" hostid="261"></div></a>BNPL player Affirm is hiring a senior product manager to join its "Powered by Affirm" team, according to a job posting seen by Insider. The new team is part of Affirm's push to personalize its tech for marketplaces and merchants <a href="https://www.businessinsider.com/affirm-hiring-senior-product-manager-bnpl-customize-tech-merchants-ecommerce-2021-8">looking to launch buy now, pay later offerings of their own.</a><a href="https://www.businessinsider.com/startup-founders-tell-why-tiger-global-wins-so-many-deals-2021-8">Tiger Global is beating other VCs</a><a href="https://www.businessinsider.com/startup-founders-tell-why-tiger-global-wins-so-many-deals-2021-8"><div type="image" title="A large tiger surrounded by piles of money, pigeons, term sheets, a broken Golden Gate Bridge, the Statue of Liberty, Tiger Global partners, Scott Shleifer and John Curtius on an orange background" height="1800" width="2400" msid="85796230" hostid="261"></div></a>Tiger Global Management is known for the unorthodox ways it backs startups - and entrepreneurs who have chosen Tiger as an investor see its approach as a much-welcome change of pace. We spoke with six founders backed by the firm to see <a href="https://www.businessinsider.com/startup-founders-tell-why-tiger-global-wins-so-many-deals-2021-8">what sets Tiger apart.</a><a href="https://markets.businessinsider.com/news/stocks/jack-dorsey-to-build-a-decentralized-exchange-for-bitcoin-2021-8">Square wants to build a decentralized bitcoin exchange</a><a href="https://markets.businessinsider.com/news/stocks/jack-dorsey-to-build-a-decentralized-exchange-for-bitcoin-2021-8"><div type="image" title="Twitter CEO Jack Dorsey.JPG" height="2086" width="2782" msid="85796232" hostid="261"></div></a>Jack Dorsey's payment company, Square, is looking to create a decentralized exchange for bitcoin, which would allow for peer-to-peer transactions without the need for an intermediary. <a href="https://markets.businessinsider.com/news/stocks/jack-dorsey-to-build-a-decentralized-exchange-for-bitcoin-2021-8">Get the latest on Dorsey's plans.</a><a href="https://www.businessinsider.com/investment-banks-analysts-recruiting-college-professor-counselors-indiana-emory-unc-2021-7">Wall Street is turning to college counselors for young talent</a><a href="https://www.businessinsider.com/investment-banks-analysts-recruiting-college-professor-counselors-indiana-emory-unc-2021-7"><div type="image" title="Jane Hershman, Steve Sibley" height="838" width="1118" msid="85796234" hostid="261"></div></a>As the market for talent heats up, bankers are increasingly hitting up professors and career counselors for hiring advice and intel on rival firms - a practice that can put counselors <a href="https://www.businessinsider.com/investment-banks-analysts-recruiting-college-professor-counselors-indiana-emory-unc-2021-7">in the middle of Wall Street's recruiting tug-of-war.</a>For college students looking to gain an edge in the competitive <keyword id="11895526" type="UNKNOWN" weightage="60" keywordseo="wall-street" source="Orion">Wall Street</keyword> internship space, we've put together <a href="https://www.businessinsider.com/how-to-get-investment-banking-internship-wall-street-summer-2022">a guide to scoring a coveted internship.</a><a href="https://www.businessinsider.com/david-rosen-rubric-capital-natural-gas-glng-performance-sac-2021-8">Rubric Capital just made a big bet on natural gas</a><a href="https://www.businessinsider.com/david-rosen-rubric-capital-natural-gas-glng-performance-sac-2021-8"><div type="image" title="natural gas" height="2213" width="2950" msid="85796236" hostid="261"></div></a>David Rosen's $1.5 billion hedge fund, Rubric Capital, has been a top performer since spinning out of Steve Cohen's SAC Capital. The manager is up nearly 15% through the first half of this year, and has a new biggest position in its portfolio: <a href="https://www.businessinsider.com/david-rosen-rubric-capital-natural-gas-glng-performance-sac-2021-8">natural gas transporter Golar LNG.</a>On our radar:<ul><li>As fall inches closer, employers need to be prepared for <a href="https://www.businessinsider.com/burnout-spike-in-the-fall-delta-variant-surges-2021-8">a wave of burnout among employees.</a> </li><li>According to the Financial Times, Boston Consulting Group is trying to cut its CO2 footprint - <a href="https://www.ft.com/content/3f7eff4f-d029-49b6-b9fb-42ed8ace5e64?campaign_id=4&amp;emc=edit_dk_20210830&amp;instance_id=39169&amp;nl=dealbook&amp;regi_id=110905846&amp;segment_id=67604&amp;te=1&amp;user_id=4cbce85b39b05a62487c63187ecd51cde85b39b05a62487c63187ecd51cd">by putting an end to recruitment tours to Florence and Lisbon.</a></li><li>The Wall Street Journal reports that direct listings have paid off for investors so far, <a href="https://www.wsj.com/articles/direct-listings-have-paid-off-for-investors-so-far-11630315801?mod=hp_lead_pos3">and are here to stay.</a></li><li>PayPal is exploring a stock-trading platform for its US customers, CNBC reports. <a href="https://www.cnbc.com/2021/08/30/paypal-is-looking-to-launch-a-stock-trading-platform-for-its-customers.html?utm_term=Autofeed&amp;utm_medium=Social&amp;utm_content=Main&amp;utm_source=Twitter#Echobox=1630338348x=1630338348">More on that here.</a></li></ul>

Montag's puzzling BofA exit - Tiger Global's edge - Affirm eyes custom BNPL

Hello!Welcome to this weekly roundup of stories from Insider's <keyword id="6355515" type="UNKNOWN" weightage="60" keywordseo="business">Business</keyword> co-Editor in Chief Matt Turner. <a href="http://newsletter.businessinsider.com/join/4np/insider-weekly">Subscribe here to get this newsletter in your inbox every Sunday.</a>What we're going over today:<ul><li>Oracle insiders say there's a "culture of fear" <a href="https://www.businessinsider.com/oracle-cloud-infrastructure-insiders-clay-magouyrk-2021-5">at its flagship cloud unit. </a></li><li>The inside story of the man accused of <a href="https://www.businessinsider.com/fahim-saleh-tyrese-haspil-profiles-accused-killing-decapitating-tech-ceo-2021-5">murdering and decapitating his boss in NYC.</a></li><li>Bank of America has lost <a href="https://www.businessinsider.com/bank-of-america-mortgage-business-salespeople-quitting-attrition-lender-ranking-2021-5">dozens of salespeople from its mortgage unit</a>.</li><li>"Reallocation friction" may explain why a full economic recovery <a href="https://www.businessinsider.com/a-theory-called-reallocation-friction-may-explain-the-labor-shortage-2021-5">could be years away.</a></li></ul><a href="https://www.businessinsider.com/oracle-cloud-infrastructure-insiders-clay-magouyrk-2021-5"></a>What's trending this morning:<ul><li>Amazon is considering the launch of physical pharmacies: Leaders have discussed using Whole Foods locations and creating stand-alone sites as part of its <a href="https://www.businessinsider.com/exclusive-amazon-pharmacy-considering-physical-stores-2021-5">push into the prescription-drug industry.</a></li><li>Meet 11 crypto masterminds at Wall Street firms: From Bank of America to JPMorgan, these experts are <a href="https://www.businessinsider.com/crypto-investing-outlook-advice-top-wall-street-analysts-bitcoin-ethereum-2021-5">helping investors understand and trade crypto.</a></li><li>The 181 most powerful people at Intel: Our exclusive org chart shows the people with the most influence <a href="https://www.businessinsider.com/intel-org-chart-most-powerful-people-execs-chip-giant-gelsinger-2021-5">under CEO Pat Gelsinger.</a></li><li>Cisco is trying to resolve burnout: The company is focusing on measuring and understanding how workers are feeling in order <a href="https://www.businessinsider.com/management-strategy-cisco-pandemic-burnout-2021-5">to avoid the burnout slump. </a></li><li>The wild story of a real-estate magnate's quest to make his own cryptocurrency: It would be backed by <a href="https://www.businessinsider.com/kent-swigs-6-billion-cryptocoin-has-a-shady-partner-2021-5">$6 billion in gold he says is buried near Las Vegas</a>.</li><li>The five Hollywood giants that could get snapped up next: In the wake of Amazon's MGM deal, <a href="https://www.businessinsider.com/hollywood-giants-that-big-tech-could-buy-after-amazons-mgm-2021-5">all eyes are on Legendary Pictures, Lionsgate, and Sony.</a></li></ul><h3><a href="https://www.businessinsider.com/oracle-cloud-infrastructure-insiders-clay-magouyrk-2021-5">Oracle's "culture of fear"</a></h3>A dozen current and former Oracle employees and executives said there was what one person described as a <a href="https://www.businessinsider.com/oracle-cloud-infrastructure-insiders-clay-magouyrk-2021-5">"culture of fear" at OCI</a> - an environment at least partially created by hard-driving cloud boss Clay Magouyrk:Magouyrk, a former Amazon software-development engineer who joined Oracle as an individual contributor in 2014, quickly impressed Chairman Larry Ellison and CEO Safra Catz with his ability to deliver results quickly, leading to his rapid ascent through the ranks.But Magouyrk's reign has raised questions about Oracle's culture. His leadership style was cited in a pair of lawsuits filed by former vice presidents against the company and an executive, including an allegation that he once told an executive that his actions were "f---ing stupid" in front of all of OCI's senior leaders.Insiders said those comments were "tame" compared with others he had made. Read our full report here:<ul><li><a href="https://www.businessinsider.com/oracle-cloud-infrastructure-insiders-clay-magouyrk-2021-5">Insiders say Oracle's best hope in the cloud wars with Amazon is a team led with a 'culture of fear,' and executives are leaving</a></li></ul>Also read:<ul><li><a href="https://www.businessinsider.com/salesforce-org-chart-top-execs-marc-benioff-bret-taylor-2021-5">We identified the 137 most powerful people at Salesforce under CEO Marc Benioff. Explore our exclusive org chart.</a></li><li><a href="https://www.businessinsider.com/microsoft-director-maria-klawe-satya-nadella-raises-gaffe-karma-2021-5">A former Microsoft board member says she took the blame and was asked to resign after CEO Satya Nadella said women should rely on 'karma' to get a raise</a> </li></ul><h3><a href="https://www.businessinsider.com/fahim-saleh-tyrese-haspil-profiles-accused-killing-decapitating-tech-ceo-2021-5">He took his boss' money and then his head, police say</a></h3><a href="https://www.businessinsider.com/fahim-saleh-tyrese-haspil-profiles-accused-killing-decapitating-tech-ceo-2021-5"><div type="image" title="Tyrese Haspil" height="2335" width="3113" msid="83087689" hostid="261"></div></a><a href="https://www.businessinsider.com/fahim-saleh-tyrese-haspil-profiles-accused-killing-decapitating-tech-ceo-2021-5">Fahim Saleh's</a> body was found in his apartment, dismembered and decapitated. There was barely a trace of blood, his $2.25 million apartment so meticulously scrubbed that an official later described it as a "professional job." But the accused killer wasn't a professional. Police say it was his former assistant, Tyrese Haspil:It was a sultry July week in New York City, and Haspil and his girlfriend, Marine, were in a celebratory mood. Haspil, then age 21, rented an $18,000-a-month Airbnb on the cobblestoned Crosby Street for a romantic staycation for Marine's 22nd birthday.For two days, from July 15 to July 17, 2020, the pair strolled through Manhattan's NoHo neighborhood, arm in arm, shopping at Christian Louboutin and dining out.Less than a 15-minute walk away, police discovered the body of Haspil's former boss, Fahim Saleh. The 33-year-old <keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech">tech</keyword> entrepreneur had been decapitated and dismembered in the living room of his East Houston Street condo on Manhattan's Lower East Side.We dove deep into what went wrong:<ul><li><a href="https://www.businessinsider.com/fahim-saleh-tyrese-haspil-profiles-accused-killing-decapitating-tech-ceo-2021-5">He took his boss' money and then his head, police say. The disturbing story of the assistant accused of murdering and decapitating a tech CEO in New York.</a></li></ul>Also read:<ul><li><a href="https://www.businessinsider.com/steve-wozniak-sued-over-alleged-theft-of-business-idea-2021-5">Apple cofounder Steve Wozniak is being sued over the theft of a professor's business idea</a></li><li><a href="https://www.businessinsider.com/dont-let-ryanair-ignore-right-not-to-be-kidnapped-belarus-2021-5">Don't let Ryanair ignore your right not to be kidnapped</a> </li></ul><h3><a href="https://www.businessinsider.com/bank-of-america-mortgage-business-salespeople-quitting-attrition-lender-ranking-2021-5">Bank of America's talent exodus</a></h3><a href="https://www.businessinsider.com/bank-of-america-mortgage-business-salespeople-quitting-attrition-lender-ranking-2021-5"><div type="image" title="Brian Moynihan" height="2017" width="2690" msid="83087693" hostid="261"></div></a>Dozens of people <a href="https://www.businessinsider.com/bank-of-america-mortgage-business-salespeople-quitting-attrition-lender-ranking-2021-5">have quit Bank of America's mortgage business</a> this year, according to four current and former bankers. Two of them suggested the resignations have now climbed above 100, and that more departures are expected at the end of June:June is when the bank pays out its next quarterly bonuses, one of the people said. The salespeople are leaving because they're frustrated over a series of changes the bank made to its mortgage policies that have made it harder for some salespeople to make money and increased concerns about corporate surveillance, the people said.The changes have also knocked Bank of America down several notches in the ranks of the biggest home-loan originators, according to data compiled by Inside Mortgage Finance. Bank of America's 2008 purchase of Countrywide Financial Corp. briefly created the nation's largest mortgage lender and servicer, though it also saddled the bank with years of problems and billions of dollars in fines and settlements over Countrywide 's lending practices. Here's what else you need to know about the recent departures:<ul><li><a href="https://www.businessinsider.com/bank-of-america-mortgage-business-salespeople-quitting-attrition-lender-ranking-2021-5">Bank of America's mortgage bankers are quitting in frustration over call quotas, cross-selling mandates, and a new compensation scheme that shortchanges top producers</a></li></ul>Also read:<ul><li><a href="https://www.businessinsider.com/bank-of-america-merrill-lynch-financial-advisor-training-program-update-2021-5">Merrill Lynch finally gives advisors in training answers as it bans trainees' cold calling and shortens development program</a></li><li><a href="https://www.businessinsider.com/carlyle-group-executive-diversity-data-inclusion-black-latinx-asian-2021-5">Just 3% of private equity giant Carlyle's US senior staffers are Black, Insider can reveal. The firm recently said it's tying employee bonuses to hiring more diverse workers.</a> </li></ul><h3><a href="https://www.businessinsider.com/a-theory-called-reallocation-friction-may-explain-the-labor-shortage-2021-5">Why a full economic recovery could be years away</a></h3><a href="https://www.businessinsider.com/a-theory-called-reallocation-friction-may-explain-the-labor-shortage-2021-5"><div type="image" title="reallocation friction" height="1500" width="2000" msid="83087694" hostid="261"></div></a>By now you've probably heard about the big mystery in the US economy: <a href="https://www.businessinsider.com/a-theory-called-reallocation-friction-may-explain-the-labor-shortage-2021-5">Restaurants can't find enough people to hire,</a> even though millions of Americans remain out of work. Things are supposed to go back to normal in the fall - but what if job numbers don't return so quickly to the status quo?: A few economists are beginning to raise that possibility - that the pandemic's effects will continue to batter the leisure and hospitality sector, which employs one in 10 American workers, well beyond the fall. In a normal economy, it's not a problem when workers change careers; other job seekers can come in to take their place. But an exodus, like the one we may be seeing now in hotels and restaurants, is different. It can take time for workers to find a job in an unfamiliar industry in which they have few connections. Their new positions could require them to move to another city or state. And inexperienced workers require training to build up the necessary skills. Until all that happens, jobs go unfilled - keeping unemployment elevated, even though the demand for those jobs is there. Economists call it reallocation friction.Why economists think it might be years until things return to normal:<ul><li><a href="https://www.businessinsider.com/a-theory-called-reallocation-friction-may-explain-the-labor-shortage-2021-5">An economic theory called 'reallocation friction' may explain why employers are having a hard time finding workers - and why a full recovery could be years away</a></li></ul>Also read:<ul><li><a href="https://www.businessinsider.com/danny-meyers-enlightened-hospitality-leads-215-million-raise-for-7shifts-2021-5">Shake Shack founder's investment fund led a $21.5 million raise for a tech tool that keeps good restaurant workers from quitting amid an extreme labor shortage</a></li><li><a href="https://www.businessinsider.com/collin-wallace-sold-food-ordering-tech-to-grubhub-2021-5">Collin Wallace sold his technology to Grubhub a decade ago, but now feels food-delivery companies aren't giving a square deal to restaurants. Now he's back with another company that vows to reset the balance.</a></li></ul>Lastly, here are some headlines you might have missed last week.- Matt<ul><li><a href="https://www.businessinsider.com/which-consulting-and-accounting-firms-bonuses-perks-covid-big-3-2021-5">Firms like BCG and McKinsey are offering consultants new bonuses, vacation incentives, and perks. Here's a rundown.</a></li><li><a href="https://www.businessinsider.com/dogecoin-millionaire-explains-why-recent-drop-does-not-shake-bullishness-2021-5">A 'dogecoin millionaire' explains why the recent drop does not shake his bullishness in the meme coin - and shares his advice for new buyers</a></li><li><a href="https://www.businessinsider.com/pitch-deck-clearing-raise-20-million-in-seed-funding-2021-5">See the presentation a serial entrepreneur used to raise $20 million from Bessemer and Founders Fund for his solution for Americans living with chronic pain</a> </li><li><a href="https://www.businessinsider.com/google-sexual-harassment-japan-technology-2021-5">Read the email Google sent dismissing an employee's sexual harassment complaint as a 'private matter.' It shows how COVID-19 has blurred the lines between home and work.</a></li><li><a href="https://www.businessinsider.com/top-influencer-agents-managers-database-youtube-instagram-tiktok-2020-6">We built a database of the top talent managers and agents for influencers and who they represent</a> </li><li><a href="https://www.businessinsider.com/warren-buffett-hoards-cash-sells-stocks-bash-bitcoin-thomas-russo-2021-5">Warren Buffett is hoarding $80 billion of cash, cleaning up his stock portfolio, and declining to bash bitcoin. Veteran investor Thomas Russo says why that strategy will ultimately pay off.</a></li><li><a href="https://www.businessinsider.com/invitation-homes-investor-deck-shows-the-company-plans-its-biggest-year-yet-2021-4">Invitation Homes plans to spend $1 billion buying houses in an already overheated market. Here's its presentation to investors setting out its playbook.</a></li><li><a href="https://www.businessinsider.com/jefferies-list-of-biotech-pharma-potential-ma-deal-targets-2021-5">Top biotech analysts say M&amp;A is set to heat up this summer. Here are the 22 drug companies that are likely to get bought.</a> </li></ul>

Current and former Oracle employees say there's a 'culture of fear' at its flagship cloud unit

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to <a href="http://e.businessinsider.com/join/ci/finance-insider-social-first&amp;hash=36afac95fa844948a9f363295d512fca">get the best of Business Insider delivered direct to your inbox</a>.The US entertainment giant Comcast surprised global stock markets on Tuesday with <a href="http://uk.businessinsider.com/comcast-21st-century-fox-sky-takeover-22-billion-bid-rupert-murdoch-2018-2">a £22 billion ($30 billion) bid for Sky, Rupert Murdoch's European pay-TV giant</a>.Murdoch, who owns 39% of Sky through 21st Century Fox, has been<a href="http://uk.businessinsider.com/cma-sky-fox-deal-is-against-public-interest-2018-1">trying to take full control of Sky</a> and now faces a rival offer. The bid could throw a wrench in the works for Fox's $54 billion deal with Disney to sell assorted media assets, which included Sky.Comcast, led by CEO Brian Roberts, has offered £12.50 a share for Sky, but <a href="http://markets.businessinsider.com/stocks/sky-stock">shares in the London-listed business were trading at £13.39</a> by early afternoon in London, suggesting investors believe a bidding war will now heat up.That bidding war could pit three of the most powerful men in the media business against one another: Murdoch, Roberts, and Bob Iger, with some analysts now suggesting Disney could make a bid. <a href="http://www.businessinsider.com/analyst-reaction-to-comcasts-takeover-bid-for-sky-2018-2">Here's our story</a>. In related news, a <a href="http://www.businessinsider.com/ma-boutique-robey-warshaw-sky-2018-2">tiny three-partner boutique scored a key role on Comcast's Sky bid</a>. And in other deal news, more than 50 tech startups could IPO this year. <a href="http://www.businessinsider.com/bank-of-america-lead-banker-2018-will-be-a-strong-year-for-tech-ipos-2018-2">Bank of America's top tech banker told us two key reasons for the boom</a>.In markets news, the new Fed chair just made his first public statements - <a href="http://www.businessinsider.com/fed-chair-powell-hints-at-more-rate-hikes-stocks-sell-off-2018-2">and traders don't like what they heard</a>.<section id="l-content" data-track-page-area="Post" data-post-content=""><section><div><article><section>"What we've seen is incoming data that suggests a strengthening in the economy," Jerome Powell told members of the House Financial Services Committee.His rosy outlook was enough to prompt markets to become nervous about the prospect of four rather than three rate rises this year. Stocks veered lower, while <a href="http://markets.businessinsider.com/rates/u-s--rates-10-years">yields on the 10-year Treasury note</a>, which move opposite to its price, climbed to 2.9%. The <a href="http://markets.businessinsider.com/index/us-dollar-index">US dollar</a> jumped by 0.56% against a basket of major currencies.</section></article></div></section></section>Elsewhere in markets news:<ul><li><a href="http://www.businessinsider.com/john-hussman-funds-underperforming-stock-market-as-he-expects-market-crash-2018-2">One of the market's most outspoken bears is getting destroyed as he waits for a crash</a></li><li><a href="http://www.businessinsider.com/gop-tax-law-winners-goldman-sachs-recommendations-2018-2">Goldman Sachs has identified the stocks poised to crush the market thanks to tax cuts</a></li><li><a href="http://www.businessinsider.com/hedge-funds-did-something-during-market-meltdown-thats-great-sign-for-stocks-2018-2">Hedge funds did something highly unusual during the market's recent meltdown - and it's a great sign for stocks</a></li><li><a href="http://www.businessinsider.com/bond-market-outlook-morgan-stanley-defies-goldman-sachs-warren-buffett-2018-2">Morgan Stanley just issued a new market outlook that defies both Goldman Sachs and Warren Buffett</a></li><li><a href="http://www.businessinsider.com/macquarie-strategy-note-predicts-death-of-capitalism-2018-2">MACQUARIE: Capitalism is dead and finance has become a 'poison' - and there are 3 ways this era will end</a></li></ul>And in crypto news: <ul><li><a href="http://www.businessinsider.com/bitcoin-exchange-coinbase-wants-to-be-next-google-2018-2">A top Coinbase exec explains the master plan to turn the $1.6 billion cryptocurrency exchange into the next Google</a></li><li><a href="http://www.businessinsider.com/telegram-app-offers-ico-refund-but-theres-a-catch-2018-2">Messaging app Telegram says it'll offer investors a refund if its ICO flops - but there's a catch</a></li><li><a href="http://markets.businessinsider.com/news/Apple-cofounder-Steve-Wozniak-said-he-was-scammed-out-of-70-000-in-bitcoin-1017287403?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Apple cofounder Steve Wozniak said he was scammed out of $70,000 in bitcoin</a></li><li><a href="http://www.businessinsider.com/australian-bitcoin-founder-sued-over-claimed-theft-of-billions-2018-2?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">The self-proclaimed founder of bitcoin is being sued for billions in stolen bitcoin</a></li><li><a href="http://www.businessinsider.com/goldman-sachs-outlook-for-bitcoin-and-ethereum-2018-2?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Goldman Sachs investment chief: Bitcoin is definitely a bubble, Ethereum even more so</a></li></ul> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/stock-market-sell-off-dow-volatility-jurrien-timmer-fidelity-bonds-2018-2">Here's why the recent stock market sell-off could save us from a repeat of "Black Monday"</a></h3> <div> </div> </div>

What you need to know on Wall Street today

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">APAmazon's Echo Dot was its top-selling device over the holiday season.</div></div></div>Good morning! Here's what's happening in the world of tech:<a href="http://www.businessinsider.com/amazon-alexa-top-ios-android-app-christmas-day-echo-sales-2017-12">1. Amazon devices were a hit with consumers over the holidays:</a> The Alexa app was the top Android and iOS app on Christmas day, and Amazon says its hardware devices had their "best holiday yet, with tens of millions of Alexa-enabled devices sold worldwide."<a href="http://www.businessinsider.com/uber-sells-auto-leasing-business-xchange-leasing-to-faircom-2017-12">2. Uber has reportedly found a buyer, and a partner, for its auto-leasing division that was losing more money than anticipated:</a> Uber is selling its auto-leasing business, Xchange Leasing, to the startup Fair.com, sources have told The Wall Street Journal.<a href="http://www.businessinsider.com/microsoft-on-foldable-smartphone-design-2017-12">3. A new Microsoft patent is fueling rumors that the company is working on a foldable Surface Phone:</a> The patent, titled "Hinge with Free-Stop Function," describes a hinge for a foldable smartphone that "would connect two screens in such a way that the actual hinge mechanism doesn't stick out or protrude, so the device sits flat in your hand."<a href="http://www.businessinsider.com/library-of-congress-twitter-wont-archive-every-public-tweet-anymore-2017-12">4. The Library of Congress won't be archiving every public tweet anymore:</a> After December 31, 2017, "the Library will continue to acquire tweets but will do so on a very selective basis."<a href="http://www.businessinsider.com/ubereats-is-outgrowing-uber-in-some-cities-2017-12">5. Uber's food-delivery company is outgrowing its traditional ride-hailing business in some cities:</a> Uber general manager Toussaint Wattinne told Business Insider that UberEats was bigger than Uber's transportation app in 19 European cities.<a href="http://www.businessinsider.com/hq-trivia-delays-android-app-release-2017-12">6. HQ Trivia delayed the release of its Android app:</a> After missing its initial Christmas deadline, the popular live trivia app announced it was aiming to get the app in the hands of Android users on January 1st, 2018.<a href="http://www.businessinsider.com/apple-suppliers-fall-in-asia-following-report-of-weak-iphone-x-demand-2017-12">7. Shares of several Asian Apple suppliers fell Tuesday following a local news report of relatively weak iPhone X demand:</a> Their stock was hurt by a report from Taiwan's Economic Daily and some analysts saying iPhone X demand could come in below expectations in the first quarter.<a href="http://www.businessinsider.com/bitcoin-price-december-27-2017-12">8. The price of Bitcoin has stabilized following a rollercoaster period during Christmas trading:</a> On Wednesday afternoon, Bitcoin was trading at around $15,940 per coin, a gain of roughly 1.3%.<a href="http://www.businessinsider.com/elon-musk-tesla-will-build-pickup-truck-after-model-y-2017-12">9. Elon Musk said that Tesla's first pick-up truck may be a bit larger than an F-150 and may include a "gamechanging" feature:</a> Back in April, Musk said to expect the company to reveal the Tesla pick-up truck in 18 to 24 months, which means the company could unveil it anytime between October 2018 and April 2019.<a href="http://www.businessinsider.com/amazon-reveals-echo-dot-is-top-selling-item-for-holiday-season-2017-12">10. Amazon said its Echo Dot was its top-selling device over the holiday season:</a> Amazon previously said it was the top-selling item on Black Friday. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/steve-wozniak-apple-net-neutrality-2017-4">Here's what Apple cofounder Steve Wozniak thinks of the net-neutrality battle - and why it matters</a></h3> <div> </div> </div>

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to <a href="http://e.businessinsider.com/join/ci/finance-insider-social-first&amp;hash=36afac95fa844948a9f363295d512fca">get the best of Business Insider delivered direct to your inbox</a>.Tech earnings season is upon us, with Microsoft and Facebook both <a href="http://markets.businessinsider.com/commodities/news/stock-news-trader-chat-oil-bitcoin-global-markets-january-31-1014682986">set to report today</a> after the bell. Wall Street is expecting Facebook to post another blowout quarter - <a href="http://www.businessinsider.com/facebook-q4-2017-earnings-preview-2018-1">but analysts are worried about fake news and other problems</a>. Millennials <a href="http://markets.businessinsider.com/news/stocks/facebook-stock-price-earnings-revenue-eps-users-millennials-are-bearish-2018-1-1014696901">are bearish on the company</a> - but <a href="http://markets.businessinsider.com/news/stocks/microsoft-stock-earnings-how-millennials-are-trading-ahead-of-earnings-2018-1-1014697794">they love Microsoft</a>.A Wall Street analyst downgraded Apple, <a href="http://markets.businessinsider.com/news/stocks/Wall-Street-analyst-downgrades-Apple-says-there-s-one-big-problem-with-the-iPhone-X-AAPL-1014682016">saying there's one big problem with the iPhone X</a>. Meanwhile, the company <a href="http://www.businessinsider.com/apple-responds-to-report-that-us-government-is-investigating-iphone-battery-slowdown-2018-1">responded to a report</a> that the US government is investigating its software that slows down some older iPhones with aging batteries.Nintendo just had <a href="http://www.businessinsider.com/nintendo-had-its-best-q3-in-8-years-thanks-to-the-switch-2018-1">its best Q3 in 8 years</a> thanks to the Switch - which analysts predict will <a href="http://markets.businessinsider.com/news/stocks/nintendo-stock-price-explosive-switch-sales-will-continue-to-be-a-rainmaker-for-the-company-2018-1-1014688221">continue to be a rainmaker for the company</a>. AMD <a href="http://markets.businessinsider.com/news/stocks/amd-stock-price-crypto-boost-could-be-sustainable-2018-1-1014690789?utm_source=markets&amp;utm_medium=ingest">beat expectations</a>, as <a href="http://www.businessinsider.com/boeing-earnings-beat-says-itll-deliver-more-planes-in-2018-2018-1">did Boeing</a>.In other markets news:<ul><li><a href="http://www.businessinsider.com/fed-statement-set-to-tone-pick-up-in-inflation-expectations-in-hawkish-2018-1">The Fed could be about to rattle the stock market</a></li><li><a href="http://www.businessinsider.com/stock-markets-bull-run-stress-signals-state-street-2018-1">What a $2.8 trillion asset manager is watching for proof that the bull market in stocks is really over</a></li><li><a href="http://www.businessinsider.com/stock-market-hedges-still-cheap-after-selloff-2018-1">It's still shockingly cheap to protect against big stock market losses - here's how to do it</a></li><li><a href="http://www.businessinsider.com/yellens-focus-on-the-labor-market-at-fed-will-be-sorely-missed-2018-1">Janet Yellen's departure from the Fed is a huge loss for anyone who cares about unemployment</a></li><li><a href="http://www.businessinsider.com/healthcare-stocks-short-sellers-profit-after-amazon-jpmorgan-berkshire-hathaway-announcement-2018-1">Traders betting against healthcare firms made $294 million in a single day after the Amazon-JPMorgan-Berkshire Hathaway mega-announcement</a></li></ul>In deals news: <a href="http://www.businessinsider.com/canson-earn-millions-from-17-billion-reuters-blackstone-deal-2018-1">A tiny advisory firm with just three partners</a> will earn a slice of the $80 million in advisory fees from the $17 billion Reuters-Blackstone deal. Fujifilm is taking over <a href="http://www.businessinsider.com/fujifilm-xerox-61-billion-deal-forms-joint-venture-2018-1">Xerox with a $6.1 billion deal</a>. Morgan Stanley says <a href="http://www.businessinsider.com/morgan-stanley-15-most-likely-takeover-merger-targets-2018-1">these 15 companies</a> are the most likely to get bought this year.Hedge fund managers are celebrating big pay increases - <a href="http://www.businessinsider.com/hedge-fund-pay-is-going-up-2018-1">here's how much you can expect to earn working at one.</a>Fox has nabbed Thursday Night Football in a massive five-year deal, <a href="http://www.businessinsider.com/fox-to-air-thursday-night-football-for-next-5-years-2018-1">reportedly worth $660 million a year</a>.In crypto:<ul><li><a href="http://www.businessinsider.com/21-year-old-college-student-max-urbahn-invested-80-percent-of-summer-paycheck-in-cryptocurrencies-2018-1">A 21-year-old college student invested 80% of his summer paycheck in cryptocurrencies and made an enormous profit</a></li><li><a href="http://www.businessinsider.com/bitcoin-steve-wozniak-stockholm-apple-seth-godin-nordic-business-forum-2018-1">APPLE COFOUNDER STEVE WOZNIAK: I've sold all my bitcoin</a></li><li><a href="http://markets.businessinsider.com/currencies/news/ethereum-price-easily-the-best-performing-cryptocurrency-of-2018-2018-1-1014683849">Ethereum has outpaced its rival cryptocurrencies since the start of 2018</a></li><li><a href="http://www.businessinsider.com/halsey-minor-plans-videocoin-ico-for-new-cloud-video-processing-effort-2018-1">CNET founder Halsey Minor has raised $25 million for a new cryptocurrency-based effort to take on Amazon in cloud video services</a></li></ul>The head of the CDC resigned after a report said she <a href="http://www.businessinsider.com/cdc-director-dr-brenda-fitzgerald-resigns-2018-1">purchased shares of a tobacco company while in office</a>.Jaguar will unveil its all-electric Tesla rival in March - and <a href="http://www.businessinsider.com/jaguar-electric-i-pace-suv-debuts-in-march-details-2018-1">it looks awesome.</a>Lastly, here are <a href="http://www.businessinsider.com/the-32-most-fun-friendly-and-affordable-cities-in-the-world-2018-1">the 32 most fun, friendly, and affordable cities in the world</a>. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/cfra-stock-market-recommendation-tech-media-strong-buys-2018-1">Don't let stretched valuations keep you from betting on high-profile tech and media stocks, says CFRA</a></h3> <div> </div> </div>

<div class="KonaFilter image-container float_right"><div class="image on-image"></div></div>People are searching for a Bay Area woman who donated a rare Apple I computer worth $200,000 to a recycling plant without leaving any contact information.Unaware of the incredible value and rarity of the computer - only 200 were ever made - she dropped it at Clean Bay Area Recycling, a firm that disposes of technology in a way that is safe for the environment. As they had done before with less valuable items, the firm brought the hardware to a private auction. The Apple I sold for $261,470.According to Clean Bay Area Recycling Center rules, the woman is entitled to 50% of the profit that her computer won at auction. In other words, the woman is entitled to a check of $130,000. But because she didn't leave behind any contact information or ask for a receipt, the firm is having a hard time tracking her down.The model, one of only 200 ever made, was designed by Steve Jobs, Steve Wozniak and Ron Wayne in 1976 reports the <a href="http://www.dailydot.com/technology/throw-away-apple-first-generation-computer/">Daily Dot</a>. "We really couldn't believe our eyes. We thought it was fake," Clean Bay Area Vice-President Victor Gichun told the <a href="http://bigstory.ap.org/article/c8f0965b565e4270aa2521f1a38800e8/woman-tosses-apple-computer-turns-out-be-worth-200k">Associated Press</a>. Gichun, who remembers the woman driving an SUV and mentioning the recent passing of her husband, hopes she will come in to claim her check. "To prove who she is," he told the <a href="http://www.mercurynews.com/business/ci_28221648/100-000-check-awaits-mystery-apple-i-donor">San Jose Mercury News</a>, "I just need to look at her."The Clean Bay Area Recycling Center has turned to the media for help in locating the mysterious woman. As articles and posts spring up across the news outlets, <a href="https://www.reddit.com/r/apple/comments/38211z/woman_who_left_rare_apple_1_for_recycling_has/">Reddit</a> and <a href="http://sfbay.craigslist.org/sby/vnn/5051972825.html">Craigslist</a>, a social media manhunt is underway.Gichun told Business Insider that he has received emails from individuals hoping to assist in the effort to identify the woman. Some have passed along the identity of recently widowed women who's husbands were among the original Apple employees. Although Gichun has reached out to these suggested individuals, has not received any response. This isn't the first time that valuable technology has been thrown out by mistake. In 2008 a woman disposed of her husband's prosthetic leg, reports the <a href="http://www.tampabay.com/features/humaninterest/tossed-in-the-trash-all-is-not-lost-phew/763786">Tampa Bay Times</a>. In the UK, Forbes writes that a man recently tossed a <a href="http://www.forbes.com/sites/kellyphillipserb/2013/11/30/from-treasure-to-trash-man-tosses-out-bitcoin-wallet-on-hard-drive-worth-9-million/">hard drive</a> containing more than $9 million in bitcoin in the garbage.. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/11-amazing-facts-about-apple-steve-jobs-tim-cook-wozniak-iphone-2015-4">11 amazing facts about Apple</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="81NXJwdDpvpCWU9TzcCB8vU1kMSnBMQT" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

People are searching for a woman who donated a rare Apple computer worth $200,000 to a recycling center

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to <a href="http://e.businessinsider.com/join/ci/finance-insider-social-first&amp;hash=36afac95fa844948a9f363295d512fca">get the best of Business Insider delivered direct to your inbox</a>.Dealmaking continues to move at a torrid pace in 2018.Keurig Green Mountain and Dr. Pepper Snapple announced Monday <a href="http://www.businessinsider.com/dr-pepper-snapple-to-merge-with-keurig-green-mountain-2018-1">they're planning to merge</a> in a deal worth nearly $19 billion, sending the <a href="http://www.businessinsider.com/r-dr-pepper-snapple-and-keurig-green-mountain-to-merge-2018-1">soda-maker's shares skyward</a>. A <a href="http://www.businessinsider.com/warren-buffetts-favorite-banker-byron-trott-bdt-capital-2017-8">secretive banker beloved by Warren Buffett</a> played a role on the deal. Four years after going private, <a href="http://www.businessinsider.com/dell-might-sell-itself-to-vmware-in-a-massive-deal-2018-1">Dell is weighing a sale of its business to VMware</a>, a massive and unusual deal that would allow Dell to go public by essentially selling itself to a company that it owns. Dell owns 80% of VMware, a publicly traded software virtualization company that Dell acquired when it <a href="http://www.businessinsider.com/dell-acquires-emc-vmware-2015-10">purchased EMC for $67 billion in 2015</a>. VMware stock <a href="http://markets.businessinsider.com/news/stocks/vmware-dell-stock-price-is-slipping-after-reports-it-might-buy-dell-2018-1-1014458437">slipped on the news.</a>Sanofi is <a href="http://www.businessinsider.com/r-frances-sanofi-buys-ablynx-for-48-billion-in-biotech-ma-boom-2018-1">buying another blood-disease biotech for $4.8 billion</a>. Its purchase of Ablynx on Monday comes a week after buying <a href="http://www.businessinsider.com/r-sanofi-confirms-deal-to-buy-bioverativ-for-116-billion-2018-1">Bioverativ for $11.6 billion</a>. Fears over 9/11 lawsuits could <a href="http://www.businessinsider.com/saudi-aramco-could-reportedly-avoid-new-york-listing-2018-1">stop Saudi Aramco bringing its $2 trillion IPO</a> to New York.In non-deals news, <a href="http://markets.businessinsider.com/news/stocks/wynn-stock-price-continues-fall-after-steve-wynn-steps-down-from-rnc-sexual-misconduct-allegations-2018-1-1014448063">Wynn Resorts stock continues to fall</a> after casino mogul Steve Wynn <a href="http://www.businessinsider.com/steve-wynn-resigns-as-rnc-finance-chair-2018-1">stepped down from the RNC</a> amid sexual misconduct allegations.Here's what else is happening today:<ul><li><a href="http://www.businessinsider.com/macquarie-grotesquely-swollen-financial-markets-will-go-haywire-protection-advice-2018-1">MACQUARIE: 'Grotesquely swollen financial markets' will go haywire this year</a></li><li><a href="http://www.businessinsider.com/goldman-sachs-stock-market-forecast-high-probability-of-correction-2018-1">GOLDMAN SACHS WARNS: There's a 'high probability' of a stock market correction in the coming months</a></li><li><a href="http://www.businessinsider.com/amazon-expands-its-delivery-service-2018-1">Amazon is expanding the number of items that are eligible for Prime shipping - and it shows how important the membership program is to the company</a></li><li><a href="http://www.businessinsider.com/facebooks-news-feed-change-may-give-a-boost-to-some-up-and-coming-digital-influencers-while-burying-the-biggest-digital-stars-2018-1">Facebook's News Feed change could bury the biggest digital stars</a></li><li><a href="http://www.businessinsider.com/a-california-investing-startup-just-launched-a-new-feature-to-show-how-much-home-you-can-afford-2018-1">A California investing startup just launched a new feature to show how much home you can afford</a></li><li><a href="http://www.businessinsider.com/san-francisco-shipyard-has-dark-past-2017-12">San Francisco's housing shortage is so bad that an $8 billion development is rising on a former nuclear test site - here's what it's like</a></li></ul>Apple stock dipped after reportedly telling suppliers to <a href="http://markets.businessinsider.com/news/stocks/apple-stock-price-dips-after-reportedly-telling-suppliers-to-cut-iphone-x-production-targets-2018-1-1014454463">cut iPhone X production targets in the first three months of the year</a>. The company also said it might launching a new cheap iPhone this year - and it feels like <a href="http://www.businessinsider.com/apple-to-launch-less-expensive-61-inch-lcd-iphone-in-2018-kgi-securities-2018-1">the iPhone 5C fiasco all over again</a>.Almost <a href="http://markets.businessinsider.com/currencies/news/bitcoin-ethereum-ripple-price-almost-every-major-cryptocurrency-is-falling-2018-1-1014445015?utm_source=markets&amp;utm_medium=ingest">every major cryptocurrency is falling</a>. Here's what else is going on in crypto-land:<ul><li><a href="http://markets.businessinsider.com/currencies/news/crypto-traders-danny-aston-amy-jay-held-at-gunpoint-moulsford-oxfordshire-2018-1-1014430515?utm_source=markets&amp;utm_medium=ingest">Two bitcoin traders were held at gunpoint in an armed raid in rural England. </a></li><li><a href="http://www.businessinsider.com/bitcoin-ethereum-cryptocurrency-markus-mueller-deutsche-asset-management-warning-total-loss-2018-1">'A realistic risk of total loss': A senior figure at Deutsche Bank's $880 billion asset management arm warns against bitcoin</a></li><li><a href="http://markets.businessinsider.com/news/stocks/gbtc-bitcoin-investment-trust-stock-price-popping-after-91-for-1-split-2018-1-1014448868">A wildly popular bitcoin stock is popping after a 91-for-1 split</a></li></ul>Customers are <a href="http://www.businessinsider.com/panera-cream-cheese-listeria-outbreak">freaking out after Panera Bread announced it would be recalling</a> five varieties of its cream cheese sold in US locations because of a potential bacteria contamination. Lastly, thousands of people in Kenya are getting basic income for 12 years in an experiment that <a href="http://www.businessinsider.com/basic-income-study-kenya-redefining-nature-of-work-2018-1">could redefine social welfare around the world</a>. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/restauranteur-kimbal-musk-explains-how-he-built-his-food-empire-2018-1">Kimbal Musk tells us how traumatic experiences helped shape his food empire</a></h3> <div> </div> </div>

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Justin Sullivan / GettySteve Jobs.</div></div></div>Good morning! Here's the technology news you need to know today.1. <a href="http://www.wsj.com/articles/apple-co-founders-allies-take-aim-at-hollywood-over-steve-jobs-1444000308">Steve Jobs' widow Laurene Powell Jobs "repeatedly tried to kill" the new movie about the life of her husband.</a> Apple cofounder Steve Wozniak, however, feels "that it did a great job."2. <a href="http://www.bizjournals.com/sanfrancisco/blog/real-estate/2015/10/twitter-twtr-hpp-market-street-expansion-scrapped.html?page=all">Twitter has reportedly dropped expansion plans at the last minute.</a> The company was due to lease new office space, but the company has reportedly experienced a hiring slowdown.3. <a href="http://uk.businessinsider.com/aws-could-cut-prices-launch-fast-database-2015-10">Amazon could be about to announce a price cut for its Amazon Web Services product.</a> There are also rumoured database products that could be announced this week.4. <a href="http://www.cityam.com/225750/uber-and-transport-london-head-high-court-taximeter-legal-battle">Uber will battle London's black cab industry in the High Court today and tomorrow.</a> The court will rule whether Uber's app is a taximeter, which would make it illegal to use in a vehicle other than a licensed taxi.5. <a href="http://www.buzzfeed.com/johnpaczkowski/tim-cook-talks-apple-tv#.wtZG5G3zR">Apple CEO Tim Cook says that developers will be able to access the universal search function in the new Apple TV.</a> It works like Siri, and users can ask their Apple TV to play certain things.6. <a href="http://uk.businessinsider.com/ubers-enemies-have-clifford-chance-fighting-to-ban-it-here-are-the-5-big-arguments-2015-10">Uber's rivals have hired a big law firm to try and get it banned.</a> Leaked documents show the series of criticisms that "magic circle" law firm Clifford Chance will use to try to get Uber banned.7.<a href="http://recode.net/2015/10/04/apples-tim-cook-on-why-he-came-out-sometimes-you-just-have-to-be-loud/"> Tim Cook gave a heartfelt speech on Saturday about his decision to come out as gay.</a> Cook said that he "wanted to lend my voice to people who might not be ready to exercise theirs."8. <a href="http://uk.businessinsider.com/linkedin-settles-class-action-lawsuit-2015-10">LinkedIn has emailed users in the US to notify them that it will pay out a proposed $13 million settlement.</a> The money is being paid out after a class action lawsuit accused LinkedIn of accessing users' email accounts without their permission.9. <a href="http://recode.net/2015/10/04/girls-in-tech-employee-fired-for-misogynist-email-rant/">Girls in Tech has been forced to fire an employee after he sent a misogynist email.</a> Director of Corporate Sponsorships John DeMartini was trying to get someone to sponsor one of the non-profit's events.10. <a href="http://uk.businessinsider.com/google-officially-becomes-alphabet-today-2015-10">Google is now officially known as "Alphabet."</a> When trading opens today the shares will be for the new umbrella company, not Google. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/south-koreans-tech-watching-people-eat-online-mukbang-2015-9">14-year-old makes up to $1,500 a night eating dinner in front of a webcam in South Korea</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="MwMDZkdzr7V54pSPAwMT1JU7p7MqmuY1" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to <a href="http://e.businessinsider.com/join/ci/finance-insider-social-first&amp;hash=36afac95fa844948a9f363295d512fca">get the best of Business Insider delivered direct to your inbox</a>.Business Insider sat down with Jamie Dimon for a wide-ranging interview. The contrarian CEO of <a href="http://www.businessinsider.com/jamie-dimon-isnt-losing-sleep-over-the-stock-markets-biggest-fear-2018-2">JPMorgan said he isn't losing sleep over the stock market's biggest fear</a>: faster wage growth stoking inflation.He told us that while higher-than-expected wage growth and central-bank tightening were legitimate concerns, job growth was more important."If you had inflation and growth declining, then you should be much more worried," he said. "But it's not about the stock market. It's about the people and their jobs."<a href="http://www.businessinsider.com/jamie-dimon-isnt-losing-sleep-over-the-stock-markets-biggest-fear-2018-2">Check out the full interview.</a>Meanwhile, that <a href="http://www.businessinsider.com/stock-market-inflation-cpi-data-worst-case-scenario-for-equities-2018-2">fear of inflation reared its ugly head again Wednesday</a>. Just when it looked like the US stock market was picking itself up off the mat after suffering a sharp correction, it got the worst possible news: <a href="http://www.businessinsider.com/cpi-inflation-report-february-14-2018-2" target="_blank" rel="noopener">inflation rose more than expected in January</a>. Major indexes wasted no time in reversing pre-market gains as futures contracts dropped more than 1% following the data release.Here's what's going on in the markets:<ul><li><a href="http://www.businessinsider.com/yields-spike-after-cpi-tops-estimates-2018-2">The 10-year nears its highest level since January 2014 after CPI tops estimates</a></li><li><a href="http://www.businessinsider.com/morgan-stanley-us-equity-chief-mike-wilson-interview-stock-bull-market-final-stage-2018-2">Morgan Stanley's US equity chief explains why the recent meltdown signaled the 'final stage' of the bull market</a></li><li><a href="http://www.businessinsider.com/inflation-base-effects-in-march-april-data-2018-2">Wall Street needs to brace for an even bigger inflation scare</a></li><li><a href="http://www.businessinsider.com/jp-morgans-michele-says-rates-rising-due-to-budget-deficit-fed-2018-2">An investment chief at JPMorgan's $2 trillion funds arm says 'the US is losing its fiscal discipline' - and that's a huge risk for markets</a></li><li><a href="http://www.businessinsider.com/albert-edwards-stock-market-hidden-risk-financial-ponzi-scheme-2018-2">ALBERT EDWARDS: There's a hidden risk that could accelerate the collapse of the market's long-running 'financial Ponzi scheme'</a></li><li><a href="http://markets.businessinsider.com/news/stocks/bitcoin-price-rallies-as-south-korea-quells-fears-of-a-cryptocurrency-ban-2018-2-1015772714">Bitcoin rallies as South Korea quells fears of a cryptocurrency ban</a></li><li><a href="http://www.businessinsider.com/ripple-ceo-says-most-cryptocurrencies-will-lose-value-2018-2">Ripple CEO: Most cryptocurrencies will go to $0</a></li><li><a href="http://markets.businessinsider.com/news/stocks/netflix-stock-price-jumps-after-deal-with-ryan-murphy-2018-2-1015778302">Netflix jumps after announcing a deal with famed 'Glee' producer Ryan Murphy</a></li></ul>A new lawsuit <a href="http://www.businessinsider.com/lauren-bonners-point72-discrimination-lawsuit-raises-questions-about-point72s-public-comments-2018-2">casts doubt on what billionaire Steve Cohen's deputies have been saying for years</a>. A female employee at Point72 Asset Management, Cohen's investment firm, on Monday filed a lawsuit claiming widespread discrimination against women.The world is minting millionaires <a href="http://www.businessinsider.com/goldman-sachs-wealth-managers-generate-millions-in-revenue-each-2018-2">quicker than Goldman Sachs can keep up with them</a> - and the bank is making a fortune off of them. The investment bank says it was 'freaked out' by a rumor that <a href="http://www.businessinsider.com/goldman-sachs-was-freaked-out-that-trump-might-kill-the-amazonwhole-foods-deal-2018-2">Trump would personally kill the Amazon/Whole Foods deal because of Jeff Bezos</a>.The tech sector has <a href="http://www.businessinsider.com/citi-firepower-for-ma-dealmaking-has-surged-to-5-trillion-2018-2">$2 trillion in firepower to do deals</a> - and now's the time to strike. Barclays says Oracle just needs one "last missing piece" in its cloud business - <a href="http://www.businessinsider.com/barclays-missing-piece-in-oracles-success-is-customer-acceptance-2018-2">but it's a big one</a>. Here's how a startup with no VC funding landed <a href="http://www.businessinsider.com/heres-how-medopad-landed-140-million-chinese-deals-and-partnered-tencent-2018-2">$140 million in Chinese deals and partnered with Tencent</a>.There's something about Trump's infrastructure plan that's <a href="http://www.businessinsider.com/trump-infrastructure-plan-lacks-adequate-funding-passes-buck-2018-2">eerily reminiscent of his real estate deals</a>, according to Pedro da Costa.The search for new Alzheimer's treatments just faced another setback - <a href="http://www.businessinsider.com/alzheimers-drugs-in-development-timeline-2018-2">here's where researchers are looking now</a>.Snapchat may be winning back digital influencers with help from <a href="http://www.businessinsider.com/lured-by-a-new-set-of-features-creators-are-boomeranging-to-snapchat-2018-2">recent screw ups by YouTube and Instagram</a>. Tim Cook explains why <a href="http://www.businessinsider.com/tim-cook-why-there-are-no-apple-park-tours-2018-2">you're never going to visit the inside of Apple's new $5 billion headquarters</a>.Lastly, these <a href="http://www.businessinsider.com/obamas-photos-barack-michelle-love-anniversary-2017">50 romantic photos show why everyone misses Barack and Michelle Obama</a>. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/why-craigslist-isnt-public-according-to-craig-newmark-philanthropy-2018-1">Craigslist founder Craig Newmark explains why he chose philanthropy over an IPO</a></h3> <div> </div> </div>

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up <a href="http://e.businessinsider.com/join/ci/finance-insider-social-first&amp;hash=36afac95fa844948a9f363295d512fca" target="_blank" rel="noopener noreferrer">here to get the best of Business Insider delivered direct to your inbox</a>.<a href="http://markets.businessinsider.com/stock/JPM-Quote">JPMorgan Chase's</a> giant corporate and investment bank - the <a href="http://www.businessinsider.com/wall-street-league-tables-goldman-sachs-slips-2017-9">undisputed leader on Wall Street</a> - is beefing up risk management and hewing conservative ahead of what it anticipates will be a painful market correction in the near future.The amount of complacency in the markets is triggering red flags for Daniel Pinto, the head of JPMorgan Chase's investment bank, <a href="http://www.businessinsider.com/jpmorgan-says-the-next-market-correction-will-be-painful-2017-10">who recently met with research analysts from Keefe, Bruyette, and Woods</a>. Volatility has been <a href="http://www.businessinsider.com/short-vix-bets-new-record-1987-market-crash-2017-10">hovering near record lows,</a> with markets <a href="http://www.businessinsider.com/volatility-shorts-by-hedge-funds-at-record-2017-9">remaining abnormally calm</a> even in the face of turbulent geopolitical events, such as the US's escalated tensions with North Korea.One significant risk that could turn all that upside down, according to Pinto, is inflation. <a href="http://www.businessinsider.com/jpmorgan-says-the-next-market-correction-will-be-painful-2017-10">You can read more about what he had to say here</a>. President Donald Trump looks set to appoint Jerome Powell, a former private-equity executive at Carlyle Group who now sits on the Federal Reserve board, as the next Fed chair. <a href="http://www.businessinsider.com/who-is-jerome-powell-potential-federal-reserve-chair-2017-10">Here's everything you need to know about Powell</a>, courtesy of Business Insider's Fed watcher, Pedro da Costa. In finance news, CME Group, the biggest exchange group in the world, is <a href="http://www.businessinsider.com/the-biggest-exchange-group-in-the-world-is-unexpectedly-gatecrashing-the-bitcoin-business-2017-10">unexpectedly gatecrashing the bitcoin business</a>. The CEO of investment startup Acorns wants his app to be <a href="http://www.businessinsider.com/acorns-investment-startup-ceo-interview-2017-10">used by every American with a household income under $100,000</a>. And Elevate, a lender targeting the "New Middle Class," is <a href="http://www.businessinsider.com/elevate-credit-is-looking-to-launch-a-credit-card-2017-10">working to hand out higher credit limits to struggling Americans</a>.In deal news, Sprint and T-Mobile shares dropped after <a href="https://asia.nikkei.com/Business/Deals/SoftBank-calling-off-talks-to-merge-Sprint-T-Mobile">Nikkei</a> reported that SoftBank Group <a href="http://www.businessinsider.com/sprint-t-mobile-merger-negotiations-nikkei-report-2017-10?utm_source=markets&amp;utm_medium=ingest">planned to end negotiations for a merger of the two wireless carriers.</a> And Rockwell Automation spiked <a href="http://www.businessinsider.com/rockwell-automation-emerson-deal-report-2017-10">after receiving a $27.5 billion buyout offer</a>.In other business news, a lawsuit over price fixing by drugmakers is <a href="http://www.businessinsider.com/mylan-pricing-collusion-civil-investigation-expanded-2017-10">being massively expanded and shares of Mylan are plunging</a>. And <a href="http://www.businessinsider.com/under-armour-earnings-q3-2017-2017-10">Under Armour slashed its forecast</a> for the rest of the year.Lastly, Business Insider's Steve Kovach has been <a href="http://www.businessinsider.com/iphone-x-hands-on-photos-first-impressions-2017-10">using the iPhone X for 18 hours, and he's already sold</a>. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/what-el-chapo-joaquin-guzman-really-like-cartel-wives-2017-10">What El Chapo is really like - according to the wife of one his closest henchman</a></h3> <div> </div> </div>

<keyword id="1738613" type="UNKNOWN" weightage="60" keywordseo="Mobile-Insights">Mobile Insights</keyword> is a daily newsletter from <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">BI Intelligence</a> delivered first thing every morning exclusively to <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">BI Intelligence</a> subscribers. <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">Sign up for a free trial of BI Intelligence today</a>. 

<div class="KonaFilter image-container float_right click-to-enlarge" style="width:400px"><div class="image"><a title_source="VentureBeat" title_caption="" class="zoomin" href="http://static3.businessinsider.com/image/52988e8becad048b69dbb372-960/ctia-mobile-conference.jpg"></a><a href="http://venturebeat.com/2011/03/23/rim-samsung-mossberg/">VentureBeat</a></div></div>
The CTIA, <a href="http://www.ctia.org/media/press/body.cfm/prid/2303" target="_blank">an international organization made up of wireless carriers and suppliers</a>, announced that it had finished building its database of stolen <keyword id="6354775" type="TECHNOLOGY" weightage="60" keywordseo="Smartphones">smartphones</keyword>, part of its work with police chiefs from major cities to deter smartphone <keyword id="47717" type="PERSON" weightage="60" keywordseo="Theft">theft</keyword>.
A frustration of law enforcement officials across the globe is that criminals that steal smartphones often ship them out of the country that they steal them in so that the devices can be resold and activated on wireless networks that have no record of the theft. 
The database will register stolen devices so that they can be blacklisted by wireless carriers even when the device is outside of a particular carrier's network of subscribers. Carriers hope that by refusing to provide service to people using blacklisted devices they will be able to reduce the incentive for stealing smartphones.
Construction of the database began last year and the announcement of its implementation comes just before the November 30, 2013 deadline. (CTIA)
In other news...
In North America, <a href="http://store.apple.com/us" target="_blank">Apple is offering consumers gift cards</a> when they purchase select products either online or in stores during Black Friday. (Apple)
<a href="http://www-01.ibm.com/software/marketing-solutions/benchmark-hub/alert.html" target="_blank">Tablets drove 14.8% of all online sales</a> on Thanksgiving, according to IBM. (IBM)
More than 400 online retailers are offering <a href="http://techcrunch.com/2013/11/28/over-400-retailers-are-offering-deals-on-new-bitcoin-black-friday-website/" target="_blank">special Black Friday deals to consumers that purchase goods with Bitcoin.</a> (TechCrunch)
Samsung spends more on <a href="http://www.reuters.com/article/2013/11/27/us-samsung-marketing-idUSBRE9AQ18720131127" target="_blank">advertising than any company in the world, as a percentage of sales.</a> (Reuters)
A data privacy lawsuit that four consumers brought against Apple has been <a href="http://www.reuters.com/article/2013/11/28/us-apple-lawsuit-dataprivacy-idUSBRE9AR03P20131128" target="_blank">dismissed by a California federal Judge</a><a href="http://www.reuters.com/article/2013/11/28/us-apple-lawsuit-dataprivacy-idUSBRE9AR03P20131128" target="_blank">.</a> (Reuters)
CEO of Ford, Alan Mulally, is under consideration to replace Steve Ballmer at <keyword id="10387" type="CITY" weightage="60" keywordseo="Microsoft">Microsoft</keyword>, <a href="http://www.bloomberg.com/news/2013-11-28/microsoft-board-said-to-lean-to-mulally-nadella-in-ceo-search.html" target="_blank">according to Bloomberg</a>. (Bloomberg) 
Apple <a href="http://www.kantarworldpanel.com/global/News/news-articles/Android-gains-3-market-share-each-quarter" target="_blank">sold only 8% more smartphones than Xiaomi</a> in the third quarter. (Kantar Worldpanel)

A New Blacklist Of Stolen Smartphones Will Help Deter Device Theft 

This story was originally sent to thousands of professionals just like you in this morning's IoT WEEKENDER newsletter. Don't be left in the dark while your competition gets ahead each morning. <a href="http://www.businessinsider.com/intelligence/insider-newsletter?&amp;utm_source=House&amp;utm_term=CtgrPr_IOTI-weekender-2015-6-20&amp;utm_campaign=CtgrPr_nlsa">Learn more about our 7-day FREE trial now </a><a href="http://www.businessinsider.com/intelligence/insider-newsletter?&amp;utm_source=House&amp;utm_term=CtgrPr_MI-mobile-news-2015-6-17&amp;utm_campaign=CtgrPr_nlsa">»</a><div class="KonaFilter image-container display-table float_right"><div><div class="image"></div></div></div>FITBIT'S IPO A BIG SUCCESS: On Wednesday night FitBit announced its official IPO price of $20 per share. The IPO raised $732 million for the wearables maker, valuing FitBit at $4.1 billion. The stock then opened Thursday morning at $30.40 per share, raising that valuation to $6.3 billion. The stock closed Thursday trading at $29.68 per share, a 48% increase from its IPO price.The company's initial IPO terms said shares would be priced between $14-$16 per share, but those terms were updated earlier this week, raising the price to between $17-$19 per share. The updated terms also increased the number of shares it would offer from 29.9 million to 34.5 million in response to high demand from investors.FitBit is the clear leader in the global wearables market right now, according to a recent <a href="http://www.idc.com/getdoc.jsp?containerId=prUS25658315&amp;utm_source=Triggermail&amp;utm_medium=email&amp;utm_term=BII%20List%20Mobile%20ALL&amp;utm_campaign=Post%20Blast%20%28research%29%3A%20The%20wearables%20market%20before%20Apple%20Watch%20%E2%80%94%20Apple%27s%20connected%20home%20makes%20its%20way%20to%20consumers%20%E2%80%94%20Magic%20Leap%20to%20become%20less%20mysterious">report</a> from the IDC. FitBit shipped 3.9 million devices in Q1 2015, more than 1 million more shipments than any of its competitors. The company sold more than 10 million devices last year, more than doubling the number it sold in 2013.FitBit has also been hit with two lawsuits in the last month from rival wearables maker Jawbone. Jawbone claims that FitBit systematically sole confidential information by hiring away Jawbone's employees. The increased IPO terms indicate that investors aren't too worried about the lawsuits.Finding this article interesting? Thousands of professionals just like you had it in their inbox first. Stay ahead of the curve and gain a comprehensive understanding of the latest news &amp; trends, start your day with the IoT INSIDER. <a href="http://www.businessinsider.com/intelligence/insider-newsletter?&amp;utm_source=House&amp;utm_term=CtgrPr_IOTI-weekender-2015-6-20&amp;utm_campaign=CtgrPr_nlsa"> Get 7-days FREE » </a><div class="KonaFilter image-container display-table zoomin"><div><div class="image"><a href="https://static-ssl.businessinsider.com/image/5429660f6bb3f7b92836fb01-960/connectedhomedevicecategories-1.png"></a></div></div></div>NEST CAMERA LAUNCHES: Nest announced the launch of the Nest Cam, the first new product the smart thermostat company has launched since it was acquired by Google. The Nest Cam is the result of another Google acquisition: its $555 million purchase last year of Dropcam. The new camera is an updated version of Dropcam's, with improved resolution and night vision, and can be placed around the home for security monitoring. The camera will start shipping next week and will be priced at $199.Along with the new camera, Nest also announced a partnership with home insurers Liberty Mutual and American Family to give customers who own Nest products up to a 5% discount on their premiums. Nest also announced a new app that will allow Nest products to work together. For instance, if the Nest smoke alarm senses a problem, it can tell the Nest thermostat to turn off the heating system in case of carbon monoxide. Nest will be pushing software updates to its smart thermostats and smoke alarms for that integration. Nest's smart thermostat and security camera give it a foothold in the two smart home product categories we think will grow the fastest: smart home energy and smart home security.SMART METERS HELP CALIFORNIA ENFORCE WATER USE RESTRICTIONS DURING DROUGHT: Some California utilities are starting to roll out smart water meters to help enforce restrictions the state enacted in response to its extreme drought, WIRED <a href="http://www.wired.com/2015/06/smart-water-meters-let-cities-spot-drought-defiers/">reported</a> yesterday. The new restrictions limit the days and times that businesses and residents can water their lawns. Traditional water meters can't tell what time a business or home is using water for such purposes; they just tally up how much water is used each month. So local water utilities have been installing smart water meters at homes and businesses that have been reported for violating the restrictions. The smart meters can report water usage in near real time, allowing utilities to catch violators and fine them.The article demonstrates some of the barriers that utility companies face in deploying smart water meters. Utilities usually deploy smart electricity meters to save money from sending employees to perform house calls, but the cost of smart water meters is sometimes too high to justify that savings, according to the report.Utility companies also don't have the IT infrastructure (such as data centers or networking infrastructure) in place to support tens or hundreds of thousands of connected smart meters.This is forcing smart meter providers to build those resources themselves, according to the WIRED article. For instance, smart meter provider T2, which is piloting smart water meters with authorities in Long Beach, California, uses Verizon's cellular network to circumvent the need for network infrastructure to connect meters. Their meters are also battery-powered, saving the utility the cost of providing electricity for them. And the Long Beach water department didn't need to purchase servers to support the smart meters since T2's solution is hosted in Microsoft's Azure Cloud.BI Intelligence estimates that global smart meter installations will grow from 59 million this year to 134 million in 2020, but we expect smart electricity meters to make up the bulk of those installations. However, extreme weather conditions like California is experiencing, and continued water crises in developing countries like India, could spur municipalities to install smart water meters in greater numbers.<div class="KonaFilter image-container display-table zoomin"><div><div class="image"><a href="https://static-ssl.businessinsider.com/image/5524320b6bb3f7652cfc827d-960/bii%20estimated%20number%20of%20smart%20meter%20installations%202015%204%207.png"></a></div></div></div>GOGORO SETS PRICING AND LAUNCH DATE FOR ITS SMART ELECTRIC SCOOTERS: Connected cars are getting a great deal of attention right now, as they offer the chance to transform transportation in Western countries where cars and trucks dominate road traffic. In Asia's dense mega-cities though, it's gas-powered scooters, not cars, that rule the road. Taiwan-based Gogoro is trying to connect those vehicles while also driving down energy consumption in those heavily polluted megalopolises with its electric Smartscooter. Gogoro <a href="http://www.theverge.com/2015/6/17/8795087/gogoro-pricing-preorder-taipei">announced</a> yesterday that it would start taking orders on for its Smartscooters - priced at $4,100 - in Taiwan later this month.Gogoro's scooters include 30 sensors that send diagnostic information to owners' smartphones via Gogoro's app and are powered by two 20-pound batteries. When the batteries run low, they can be swapped out at Gogoro's smart recharging stations for fully charged batteries. Gogoro plans to place networks of its charging stations throughout cities in Asia. It already has 32 in Taipei, Taiwan's capital city, as part of the pilot it's running there. It plans to increase that number to 150 by the end of the year. The Smartscooter can travel 62 miles at 60mph on a pair of fully charged batteries.Gogoro will need the infrastructure of battery-swap stations in place to expand to new cities. The Smartscooter is also more expensive than gas-powered alternatives, but the company says that over the first two years of ownership the electric Smartscooter costs less than some gas-powered models. Replacing the millions of gas-powered scooters on the streets of Asia's biggest cities with electric ones would help alleviate the air pollution problems in many of those cities.TESLA PARTNERS WITH LEADING BATTERY TECH RESEARCHER: Tesla might have drawn closer to its goal of replacing carbon fossil fuels with lithium ion battery cells this week. The company <a href="http://fortune.com/2015/06/17/meet-teslas-new-weapon-a-battery-scientist/">signed</a> an exclusive agreement with Jeff Dahn, a professor at Dalhousie University in Nova Scotia and one of the world's top lithium ion technology researchers, to apply his research to Tesla's batteries. In exchange Tesla will provide financial support for Dahn and his team of 20 researchers. The partnership will start in June 2016, after Dahn wraps up another project he is working on.Dahn will aim to improve Tesla's lithium ion batteries in multiple ways, such as lowering costs to make Tesla products more affordable for consumers, increasing the amount of energy each battery can store, and increasing the lifetime of lithium ion battery cells.Those last two objectives are particularly problematic. The easiest way to increase the amount of energy that can be stored in a lithium ion battery is to charge it to a higher voltage. But that decreases the battery's lifetime. If Dahn can find a way to increase the energy a battery can store without decreasing its lifetime, it would make Tesla's battery storage solutions more cost-effective for large-scale applications in energy grids and enterprises. <div class="KonaFilter image-container display-table zoomin"><div><div class="image"><a href="https://static-ssl.businessinsider.com/image/545cea1c6bb3f7cd575e46f0-960/iot%20enterprise%20investments%20by%20industry.png"></a></div></div></div>EXAMINING CLAIMS OF AN IoT BUBBLE: Apple cofounder Steve Wozniak made headlines recently warning investors that he thinks the Internet of Things market is in a bubble phase. The number of startups and solutions in the IoT market is growing fast, but it will take time for consumers to adapt to and trust some IoT technologies, such as self-driving cars, Wozniak explained. However, his claims of a full-blown IoT market bubble are overblown, according to a recent <a href="http://www.usatoday.com/story/money/business/2015/06/12/internet-of-things-bubble-steve-wozniak-the-motley-fool/71120522/">analysis</a> from The Motley Fool.The price-to-sales ratios of three IoT companies - Sierra Wireless, Skyworks Solutions, and Invensense - are nowhere near as high as the ratios of internet companies before the dotcom bubble of the late 90's and early 2000's, the article pointed out. Price-to-sales ratios compare a company's stock price to its actual revenues, giving investors a sense of how the market views a company compared to its actual performance. The price-to-sales ratios of the three IoT companies over the last five years were a fraction of the ratios that companies like Cisco and Microsoft had during the dotcom bubble, according to the article. The article also pointed out the error in talking about an IoT market bubble. The IoT market covers a vast array of industries and segments including healthcare, manufacturing, and defense, as well as consumer home appliances, cars, and wearables. Some of those markets will develop faster than others. So there may be IoT market bubbles in certain industries, but other industries will likely pick up the slack for IoT adoption.Don't miss another day of breaking developments! Stay ahead of the curve and gain insight into the latest news &amp; trends. Join thousands of other professionals who start the day with IoT INSIDER. <a href="http://www.businessinsider.com/intelligence/insider-newsletter?&amp;utm_source=House&amp;utm_term=CtgrPr_IOTI-weekender-2015-6-20&amp;utm_campaign=CtgrPr_nlsa">Try it FREE for 7 days now »</a>

Here's what happened in Internet of Things this week

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Chung Sung-Jun/Getty Images</div></div></div>Reddit is in turmoil. The social news and community site has spent weeks wracked by protests, high-profile staff departures, and staff bickering. It's a battle for the heart of the "front-page of the internet" - and it's hard to see how Reddit staff can win this one.To recap: The chaos kicked off in earnest with the abrupt, unexplained dismissal of popular staff member Victoria Taylor earlier this month, which sparked massive protests that saw volunteer moderators shut down hundreds of the site's most popular communities.But Taylor's departure was just the straw that broke the camel's back. Moderators have complained for years that they are neglected by the for-profit company and not given adequate tools to police their communities. After CEO Yishan Wong left last year, the divisive former VC Ellen Pao was brought in as an interim replacement - compounding user concerns about the direction of the site.Reddit now faces an existential question about the sort of the site it wants to be, and what sort of communities it wants to foster. Whatever it decides, its users won't be happy.<h2>Reddit is increasingly at odds with its history</h2>Reddit, historically, has been extremely pro-free speech. You only have to look at <a href="http://www.dailydot.com/society/reddit-beatingwomen-misogyny-images/">Reddit's early defence of r/Jailbait</a>, the now-shuttered community dedicated to sharing photos of provocative girls who appear to be (or are) under the age of consent, to see that.<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><a href="https://twitter.com/yishan">Twitter/Yishan Wong</a>Former Reddit CEO Yishan Wong.</div></div></div>In late 2014, when hundreds of intimate photos of celebrities were leaked online in an episode dubbed "Celebgate," a community dedicated to disseminating the photos - r/TheFappening - gained a quarter of a billion page views before it was deleted, and Reddit admins actively helped the community's moderators deal with the influx of traffic. Even after it was banned <a href="http://www.redditblog.com/2014/09/every-man-is-responsible-for-his-own.html">then-CEO Yishan Wong wrote in a blog post that</a> every Reddit user "has the right to choose between right and wrong, good and evil, and that it is your responsibility to do so. When you know something is right, you should choose to do it. But as much as possible, we will not force you to do it."But Wong subsequently left the company, and was replaced by Ellen Pao - a move that immediately spooked some in the community. Pao is perhaps best-known to the public for <a href="http://uk.businessinsider.com/ellen-pao-trial-most-stunning-revelations-2015-3">a failed lawsuit against her former employer, Kleiner Perkins Caufield &amp; Byers</a>, in which she alleged she had faced gender discrimination at the venture capital firm. Given that Reddit plays host to numerous virulently anti-feminist and even outright misogynist communities under its free speech umbrella, the fear was that she would take a dimmer view of Reddit's dark underbelly than her predecessor.These fears were apparently confirmed in June 2015, <a href="http://uk.businessinsider.com/reddit-bans-r-fatpeoplehate-the-community-furious-ellen-pao-2015-6">when r/FatPeopleHate and a number of other communities were shuttered</a>. The company said they "break our reddit rules based on their harassment of individuals" - but to many Redditors, this was tantamount to a betrayal of the site's free-speech roots.The response from the community was explosive, with almost every top post on the site at one point protesting the decision. Pao became a particular focal point of the often profane criticism. One comment on the announcement that read <a href="https://www.reddit.com/r/announcements/comments/39bpam/removing_harassing_subreddits/cs253ug">"f**k you Ellen Pao Ellen Pao you SJW [Social Justice Warrior] piece of shit"</a> was upvoted by users more than 3,000 times. And at one point, 31 of the top 33 posts on the subreddit r/PunchableFaces were <a href="http://imgur.com/a/NGGR1">photos of Ellen Pao's face</a>.Here's how Reddit looked in the aftermath of the r/FatPeopleHate ban (click to expand):<div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image"><a title_source="Reddit" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/557962bbdd08958a3d8b45f3-960/screen shot 2015-06-11 at 10.59.29.png"></a>Reddit</div></div></div><h2>Protests erupt as years of problems come to a head</h2><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Erich Schlegel/AP ImagesReddit's Victoria Taylor, far left, moderates a live, in-person "Ask Me Anything" session on GMOs at the GMO Answers exhibit at SXSW.</div></div></div>As already mentioned, another - less prominent - source of tension between Reddit volunteer moderators and the company's management was the lack of support the former felt they were receiving. This came to a head in July, when the dismissal of Taylor - still officially unexplained - <a href="http://uk.businessinsider.com/reddit-in-chaos-hundreds-subreddits-go-private-after-victoria-leaves-iama-2015-7">saw hundreds of popular communities go dark in protest</a>."As much as Victoria is loved, this reaction is not all a result of her departure," wrote one moderator at the time of the protests. "There is a feeling among many of the moderators of reddit that the admins do not respect the work that is put in by the thousands of unpaid volunteers who maintain the communities of the 9,656 active subreddits, which they feel is expressed by, among other things, the lack of communication between them and the admins, and their disregard of the thousands of mods who keep reddit's communities going. "In the aftermath, <a href="https://www.change.org/p/ellen-k-pao-step-down-as-ceo-of-reddit-inc">over 200,000 Reddit users signed a petition</a> calling for Ellen Pao's head, holding her personally responsible for the protests - the largest in the site's history. Despite apologising, she subsequently resigned.One of the most credible explanations for Taylor's dismissal comes from <a href="http://uk.businessinsider.com/victoria-taylor-first-statement-after-dismissal-reddit-protests-2015-7">Quora staffer Marc Bodnick</a>, who claims that she was being pushed to commercialise AMA's - a popular public Q&amp;A format with celebrities she helped coordinate - in a way she wasn't comfortable with. The threat of commercialisation is a constant worry for some Redditors, who fear the site's content will be diluted to make it more palatable for advertisers - especially after the site <a href="http://recode.net/2014/09/07/reddit-raising-a-big-round-and-some-y-combinator-players-are-in-the-mix/">closed a $50 million funding round in September 2014</a>.Former CEO Yishan Wong has popped up on Reddit to say that this is along the right lines, but it wasn't Pao that fired Taylor, but Reddit cofounder Alexis Ohanian. "[Ohanian] had different ideas for AMAs, he didn't like Victoria's role, and decided to fire her."<div class="KonaFilter image-container display-table float_left"><div><div class="image on-image">Robert Galbraith/Reuters</div></div></div>Wong went on to say that "when the hate-train started up against Pao, Alexis should have been out front and center saying very clearly 'Ellen Pao did not make this decision, I did.' Instead, he just sat back and let her take the heat. That's a stunning lack of leadership and an incredibly sh--ty thing to do."Ohanian responded to Wong, to say that "it saddens me to hear you say this, Yishan. I did report to her, we didn't handle it well, and again, I apologize."It's astonishing to see current and former executives fight over internal company politics in a public forum like this - and is a testament to just how differently Reddit conducts itself to other tech companies. It is unthinkable that former Twitter CEO Dick Costolo might ever attack cofounder Jack Dorsey on the social network, for example.And now, a third high-profile female Reddit employee has left the company. <a href="http://uk.businessinsider.com/reddit-chief-engineer-quits-after-two-months-says-pao-was-on-a-glass-cliff-2015-7">Bethanye Blount, formerly the chief engineer, has quit after two months on the job</a>, saying she has lost faith in the company's new direction and that Pao was put on a "glass cliff."<h2>There are two competing visions of Reddit's future - and they can't co-exist</h2>In short: The leadership is in disarray, and the userbase is up in arms. Reddit now faces fundamental questions about its future.On one hand, Reddit may choose to stay true to its free speech roots. r/FatPeopleHate's ban had the community up in arms, but it is by no means a death knell to what Reddit stands for. Cofounder Steve Huffman is now CEO, and <a href="http://techcrunch.com/2014/11/13/reddit-ceo-resigns-alexis-ohanian-returns-as-chairman/">Ohanian rejoined the company after Wong's departure in November 2014</a>. That's reassuring for the users who pine for the "good old days."It sounds like Yishan Wong, before his departure, also favoured this option. For starters, there's his unapologetically pro-free speech rhetoric he issued in the aftermath of the ban of r/TheFappening. But there's also <a href="http://uk.businessinsider.com/fred-wilson-blockchain-reddit-openbazaar-uncensorable-2015-7?r=US">his recently revealed plans to build a decentralised Reddit based on bitcoin technology that could have been far more difficult to censor</a>. (These plans never came to fruition, and the engineer hired to work on the project left the company.)But to go down this road would come with a serious cost. There is ever-more attention on Reddit's darker side, and the communities that thrive on it. <a href="http://braythwayt.com/2015/07/11/so-long-reddit.html">In a widely shared blog post published on July 11</a>, Reginald Braythwayt accused Reddit of overtaking notorious website Stormfront "as the world's largest White Supremacy community." As such, Braythwayt says he can no longer support or visit Reddit:I have no trouble distinguishing those who visit /r/programming and /r/javascript from those who inhabit /r/coontown. I like almost everyone I've interacted with on Reddit. But while the inhabitants may be different people, the landlord is the same person, and keeping the lights on in /r/javascript is also keeping the lights on in the Chimpire.I don't need to debate whether someone is legally allowed to have a certain type of hateful speech, or whether its effects go beyond merely being "appalling" or "offensive." What I know is this: Choosing to build a for-profit business around hosting such speech is a choice, and choosing whether to support that business is also a choice.<a href="http://www.chuqui.com/2015/07/the-death-of-reddit/">In another blog post</a>, veteran community manager Chuq Von Rospach uses the analogy of a "biker bar" to explain the toxic effects of letting negative communities go unchallenged:Reddit, however, has a basement, and in all honesty, the owners of this building would prefer nobody look down there, because again, it's a big space full of community rooms as well, but down there are the groups Reddit feel are part of the community but would prefer most of us would stay avoid. In some ways Reddit should be lauded for being inclusive of all community groups, even the uncomfortable ones, but down in that basement is a big part of the ultimate death of Reddit.Here's the thing. there are groups that don't feel the need to behave, that see that rebellion against authority as the base of their enjoyment. And there are people who simply get off by destroying what others build or screwing up what others enjoy. If you invite those people into your house, eventually some of them are going to start pissing into your fireplace or throwing chairs at each other in the main hall. Even if you keep them in their own out of the way mostly hidden community room, the things they do will attract attention adn the authorities, and when the police come through your front door and raid your basement, your other patrons will notice. When that happens often enough, you'll see more and more of those become ex-patrons. Most of us don't want to party in a biker bar. Hell, most of us don't want to party next door to a biker bar, or within blocks of a biker bar. Once your place gets that reputation, it's going to make everyone around it nervous.By letting racist and misogynistic communities grow on Reddit, it will put off ordinary people, Von Rospach argues - and Braythwayt's post seems to confirm that is starting to happen.The alternative has very serious problems too, however. Reddit draws its cultural relevancy - its claim to be the "front page of the internet" - from the fact it is a melting point a thousand disparate communities forced together. Given free rein, these communities have done incredible (and truly terrible) things.Von Rospach wants to see Reddit hire a hundred of its top moderators and jetison large numbers of its more controversial communities. But even assuming the moderators agree to be hired, this would undermine everything that made Reddit what it is today. Large numbers of users, while abhorring the toxic communities on Reddit, support their right to exist, and would riot if they were shuttered. Top-down reorganisations risk consigning internet communities to overnight irrelevancy, <a href="http://mashable.com/2012/07/18/digg-the-rise-and-fall/">as former Reddit rival Digg once found</a>, and it's difficult to envision any large scale reconstruction of Reddit that doesn't trigger a massive exodus of users. There may be some kind of functional community at the end of it, but it would undermine everything Reddit has spent the last 10 years building.Whatever Reddit's management does, it pits itself against its own community, either through action or inaction. As such, Reddit staff aren't only at war with each other - they're at war with their users too. And it doesn't look like a fight they can win. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/the-powerful-trailer-for-the-man-in-the-high-castle-2015-7">Ridley Scott is about to show us a world where the Allies lost World War II</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="dta241djpRYxOJPwswWRVKuVkW494WCf" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

You Searched For "steve wozniak bitcoin lawsuit" and got 15 results

10 things in tech you need to know

Jordan Parker Erb

10 things in tech you need to know today

Shona Ghosh

Montag's puzzling BofA exit - Tiger Global's edge - Affirm eyes custom BNPL

Jordan Parker Erb

Current and former Oracle employees say there's a 'culture of fear' at its flagship cloud unit

Matt Turner,Jordan Parker Erb

What you need to know on Wall Street today

Matt Turner

10 things in tech you need to know today

Steven Tweedie

What you need to know on Wall Street today

Alex Morrell

People are searching for a woman who donated a rare Apple computer worth $200,000 to a recycling center

Will Haskell

What you need to know on Wall Street today

Alex Morrell

10 things in tech you need to know today

James Cook

What you need to know on Wall Street today

Alex Morrell

What you need to know on Wall Street today

Matt Turner

A New Blacklist Of Stolen Smartphones Will Help Deter Device Theft

John Heggestuen

Here's what happened in Internet of Things this week

Jonathan Camhi

Reddit is losing the war against its own users

Rob Price