Are air-cooled Porsches the new ‘more time with my family’?

Email sent: May 1, 2018 7:05 am

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Collecting rare air-cooled Porsches, working on my cars and playing ultimate frisbee. Thats WhatsApp co-founder Jan Koum says he intends to do after he leaves parent company Facebook and steps down from its board. Koum reportedly disagreed with Facebook's attempts to use WhatsApp's personal data and weaken its encryption. Facebook acquired Koums messaging startup in 2014 for $16 billion and made him a billionaire. Since then, WhatsApp has grown into one of the worlds most dominant messaging platforms, with more than 1.2 billion users worldwide. Koums departure follows fellow co-founder Brian Acton, who left in September Acton caused a stir last month when he tweeted that everyone should #DeleteFacebook.
[Kurt Wagner / Recode]

Were not slowing down. Thats the message Facebook CEO Mark Zuckerberg intends to emphasize today as he opens Facebooks big developer conference, F8, in San Jose. Despite spending the past six weeks in crisis dealing with the Cambridge Analytica data firestorm, angry users and looming regulation Facebook is ready to move forward. And Zuckerberg, who always writes his own keynote speech for F8, may very well apologize, but hell also promise to keep on building. The show begins at 10 a.m. PT; you can watch the livestream here.
[Kurt Wagner / Recode]

If Facebooks most recent data dust-up has shown us anything, its that we cannot be legislated by technically inept, says entrepreneur Om Malik, making the case for digital literacy for our elected representatives. Technology is now a fundamental part of society, and it impacts us on a daily basis. "Whether it is Facebook or scooters in San Francisco, you cant govern or write smart laws if you dont know anything about it."
[Om Malik /]

Is the Snapchat redesign working? Thats the most important question when Snap reports Q1 earnings after markets close today. It has been more than a year since Snap went public, and it delivered its first (and only) solid quarter this year when it reported better-than-expected Q4 revenue and user growth. A few things to look for: Has Snapchats user growth returned? And Snap isnt close to profitable how long can it continue to lose money?
[Kurt Wagner / Recode]

Should T-Mobile be allowed to join forces with rival Sprint? On Sunday, the No. 3 U.S. mobile operator announced a long-delayed agreement to merge with Sprint in a $26 billion all-stock merger, which would shrink the mobile market to a Big Three of nationwide operators. The U.S. government effectively blocked AT&Ts 2011attempt to acquire T-Mobile for $39 billion because of its threat to the markets competitiveness. So why would the government want to reduce competitiveness now by letting T-Mobile and Sprint merge? The merged entitycalled T-Mobile would still be smaller than AT&T or Verizon, btw.
[Dan Frommer / Recode]

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Microsofts John Thompson is going to help venture capital firm Lightspeed find some deals.
Thompson succeeded Bill Gates as chairman of the Seattle giant.

CEOS make nearly 70 times their companys median employee salary.
On average, Facebook, Google and Netflix pay a higher median salary than Exxon, Goldman Sachs or Verizon.

Twitter is blocking Cambridge Analytica from buying ads because of business conflicts.
The data firm can stay on Twitter, just not as an advertiser.

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About those air-cooled Porsches ...

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