Silicon Valley

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House Plans Sweeping Probe of Tech Giants

Investigation to focus on 'concentration of market power'

(Newser) - Tech giants—including Amazon, Apple, Facebook, and Google—will face a "top-to-bottom" antitrust investigation by the House Judiciary Committee. Rep. David Cicilline, leader of the investigation, said Monday it is aimed at the "tremendous concentration of market power" held by the companies more than it is at individual...

Warren: Time to Bust Up Google, Amazon

Presidential candidate is going after the giants of tech

(Newser) - Elizabeth Warren wants a fair playing field in the marketplace—and she's going after Big Tech to make it happen. "To restore the balance of power in our democracy, to promote competition, and to ensure that the next generation of technology innovation is as vibrant as the last,...

Silicon Valley Investors, This Should Worry You
Silicon Valley Investors,
This Should Worry You
OPINION
Jan 18, 2019 9:44 AM CST

Silicon Valley Investors, This Should Worry You

Op-ed: The Bezos divorce surely won't be the last. Time to disclose pre-nups?

(Newser) - In the wake of the Bezos divorce announcement, two colliding truths should be on the radar of Silicon Valley investors, writes James Stewart in the New York Times . First, the divorce rate in California is about 60%, meaning that the Bezos' split surely won't be the last among the...

'Tremendous Inequity' Made Clear by 2 Cats With a Sweet Pad

Tina and Louise are living large in a $1.5K-a-month apartment in Silicon Valley

(Newser) - Thousands of people are homeless in San Jose, Calif.—but Tina and Louise have a cozy setup in a $1,500-a-month apartment with an Apple TV (but no kitchen), scratching tower, and a landlord who pops in to rub their bellies. The two tenants are cats, and the Mercury ...

Bombarded by Disinformation, 'We're on Our Own'

Kara Swisher writes for the 'NYT' that tech companies haven't been terribly helpful in fighting bad actors

(Newser) - What's "dead clear": Propaganda pushers have been using platforms like Google, Facebook, and Twitter "exactly as they were designed to be used." What we're just now learning: that those companies were more or less useless on the front lines against disinformation and "fake news,...

Key Order Floats Around White House, 'Author Unknown'

The document would trigger a federal crackdown on Silicon Valley

(Newser) - President Trump is about to hit America's tech giants with federal antitrust probes, if a newly leaked document holds any water—and it may not hold any water at all, the Washington Post reports. Revealed Friday by Bloomberg , the draft executive order would empower federal agencies to investigate Google,...

This Is the End for Beleaguered Theranos
Stick a Fork in Theranos
Sep 5, 2018 8:29 AM CDT

Stick a Fork in Theranos

Blood-testing firm aims to turn over assets, cash within a year

(Newser) - Last one out, shut off the lights: A Silicon Valley darling before investors lost $1 billion , blood-testing firm Theranos will soon be no more. After years of scandal and failed attempts to sell the company, its cash dipped too low, according to a $65 million loan agreement with Fortress Investment...

Bishop Won't Move Into $2.3M Silicon Valley Home After All

Bishop Patrick McGrath says he realized he 'erred in judgment in the purchase'

(Newser) - Bishop Patrick McGrath's retirement digs won't be as posh as initially planned . In response to the backlash that emerged after it was revealed the Diocese of San Jose in California had purchased for him a $2.3 million five-bedroom home in the city, the 73-year-old has now said...

Bishop Retiring in California to Live Alone in $2.3M Home

Bishop Patrick J. McGrath's new digs have 5 bedrooms

(Newser) - The Catholic Diocese of San Jose has purchased a five-bedroom, $2.3 million home in Silicon Valley for its retiring bishop despite the 640,000-member diocese's mission of charity and serving the poor. Bishop Patrick J. McGrath, 73, acknowledged in an interview with the Mercury News that he "...

Homeless Man Hands Out Resume on Corner, 200 Companies Call

David Casarez is scheduling job interviews after picture, resume went viral

(Newser) - David Casarez, an engineer and web developer, moved from Texas to California's Silicon Valley in the hopes of working in the tech industry. But when he used up all his savings and was still without a job, he found himself homeless, sleeping in parks and stairwells. That's when...

California City Takes a Stand Against Facebook's Free Food

New office can't fully subsidize internal meals

(Newser) - There will be no free ice cream for the 2,000 employees set to fill Facebook's new office in Mountain View, Calif., later this year. Like many other tech companies in Silicon Valley, Facebook fills the bellies of its employees with free food, from oven-baked pizza to hand-rolled sushi....

Before It Was Mature Facebook, Infant Facebook Was 'Wild'

'Wired' takes a closer look at Zuckerberg and his team during the social media giant's early days

(Newser) - It's true that Mark Zuckerberg jump-started Facebook in the spring of 2004 while attending Harvard, but it was in the infant firm's new home in Silicon Valley just a few months later where endless hours of frenetic coding, partying, and a "brogrammer 'tude" started to transform...

Pastor's Foul-Mouthed Tweets Lead to His Resignation

Rev. Gregory Stevens had choice words for the city of Palo Alto

(Newser) - A California pastor has resigned in the wake of controversy that followed his use of some foul language while bashing his city on social media. In Twitter posts that wound up on the desks of Palo Alto city council members, Rev. Gregory Stevens, associate pastor at First Baptist Church, reportedly...

Condemned Bay Area Home Sells for $1.23M
Bay Area Home
With Holes in Roof,
Mildew Sells for $1.23M
IN CASE YOU MISSED IT
Apr 22, 2018 7:11 AM CDT

Bay Area Home With Holes in Roof, Mildew Sells for $1.23M

Fremont home was condemned

(Newser) - A condemned Northern California house with holes in the roof and mildew in the pipes sold last month for $1.23 million, a price tag that highlights how a housing shortage is fueling skyrocketing home prices in the San Francisco Bay Area. Listing agent Larry Gallegos said Wednesday he received...

Home Destroyed by Fire Could Be Yours for $800K

Welcome to San Jose

(Newser) - It's certainly not the prettiest house on the block. But a burned-out home on a 5,800-square-foot lot in Silicon Valley could be yours if you have $800,000 to spare and act fast. "This is what it's worth," realtor Holly Barr tells KTVU of the...

Prosecutors: CEO Took 'Hundreds of Thousands' From Own Workers

Isaac Choi, former chief exec of WrkRiot, pleads guilty to wire fraud

(Newser) - The startup's motto was "No games. Just jobs." Except there were some games, too. Isaac Choi, the former CEO of short-lived tech startup WrkRiot—which developed software to be used in job searches before its closure in September 2016—pleaded guilty to wire fraud in federal court...

Silicon Valley&#39;s Not-So-Hidden Secret: Sex Parties
Silicon Valley's Not-So-Hidden
Secret: Sex Parties
IN CASE YOU MISSED IT
Jan 7, 2018 12:40 PM CST

Silicon Valley's Not-So-Hidden Secret: Sex Parties

Author documents the lifestyle among the tech industry's regulars

(Newser) - Silicon Valley parties get an R-17 rating in a new exposé by author Emily Chang. In an excerpt of her book Brotopia in Vanity Fair , Chang writes about the prevalence of parties where sex and drugs (typically Ecstasy) are the norm. Insiders give her the details, and while they speak...

Safety Experts Say 'Raw Water' Trend Is a Very Bad Idea

Drinking untreated water has more drawbacks than the price tag

(Newser) - Is drinking "raw water" a great way to get beneficial minerals and microbes removed by filtration—or do people who pay $15 a gallon for untreated water have more money than sense? The subject has been hotly debated since a New York Times story last week looked at people—...

Silicon Valley Is on This Diet, So I Tried It Too

Business Insider writer felt like a 'superhero' after subsisting on eggs, butter, bacon

(Newser) - Silicon Valley techies adopt some unusual eating habits to boost productivity, including one firm where workers fast on Tuesdays. Melia Robinson wanted to see how one of these dieting regimens would affect her, and she concludes for Business Insider that it "vastly improved my life." The course she...

In Silicon Valley, This Job Pays a 'Startling' Salary

Become an AI specialist, kids

(Newser) - US News & World Report is out with a list of the 10 best jobs for millennials (No. 1 is web developer, No. 2 is dental hygienist), and says its list took into consideration the group's priorities. And, per a survey it did of 1,000 millennials, salary...

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