Facebook’s fall marks decisive turn in tech

The 19% plunge reflects the fragility of the tech sector as a whole.

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Tronc Is Incompetent, but Gutting Newsrooms Is Just Normal Capitalism

Local papers used to have a financial reason to invest in journalism. Not anymore.

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The Millionaire’s Mortgage

Paying off your house is saving for retirement.

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How Is RAICES Handling Its $30 Million Windfall?

By moving into resettlement services and ramping up its political advocacy.

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The Mobile Monopoly Money Edition

Google’s $5 billion fine, NYC’s public transit woes, and WeWork’s meat ban.

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When Will It Be Safe to Undelete Uber?

It’s hard to turn a bad corporate culture into a good one.

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Netflix Can Either Become the Dominant Media Monopoly of the 21st Century or Go Bust

Netflix stock is essentially an attempt to boil a complex bimodal probability distribution down to a single number.

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The False Tale of Amazon’s Industry-Conquering Juggernaut

Amazon is really nothing to be scared of.

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The Give People Money Edition

Slate Money on universal basic income, Turkey, and Kylie Jenner, billionaire.

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All the Problems With WeWork’s Tyrannical New “No Meat” Policy

When bacon-wrapped figs (pictured at a June 20 storytelling event sponsored by New York Magazine and WeWork) are outlawed, only outlaws will nosh on bacon-wrapped figs.

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The Word “Billionare” Has Lost All Meaning

But congratulations, Kylie Jenner, on your viral cover.

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Universal Basic Income Is Not the Solution to Poverty

So why do lefty wonks keep writing about it like it is?

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Is the New Corporate Boss Going to Wreck HBO?

John Stankey wants HBO to be more like Netflix. Oh no.

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Takeaway From the New Billionaires Ranking: Zuckerberg and Bezos Don’t Give Away Enough Money

Since 1994, Bill Gates has donated more than 700 million shares of Microsoft to the Bill and Melinda Gates Foundation. If he’d simply held on to those shares instead, he’d today be some $71 billion richer, and his net worth would be $165 billion, making him comfortably the world’s richest man.

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Everything Is Bigger in Texas—Including the Art Collections

Dallas Cowboys owners Gene and Jerry Jones built a world-class art collection not for themselves but for 2 million fans.

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The Just Sign the Check Edition

Slate Money on Janus v. AFSCME, installment loans, and AMLO’s election victory.

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Elon Musk Needs to Stop Tweeting Things He Can’t Prove

And grow up.

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Welcome To The Highly Probable World of Improbability

The current world is one which has lost the probabilistic dampeners we all got used to growing up.

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The Germany Edition

Slate Money talks everything Germany.

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Why Amazon Was Really, Really Smart to Buy PillPack

Forget industry disruption. This is just a good, solid purchase.

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The Twitter Squeeze

What the new narrative around Twitter’s comeback is missing.

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The Stock Market Loophole That Screws the Little Guy

Secondary-market speculation on private-company share prices was rare in 2011; the rise of the unicorns means that it’s much more common today, and equally unedifying.

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The It Depends on the Price of the Bonds Edition

Slate Money on public transit, pregnancy, and Rwanda.

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The Journalists at CNN Should Be Worried About Their New Boss

John Stankey just made a big mistake.

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Don’t Take Ultrasounds for Granted

In South Sudan, a new, affordable machine is saving lives.

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