Cambridge Analytica’s bankruptcy filing in the U.S. coincides with an ongoing investigation into the company by the Justice Department and the FBI. According to the New York Times, investigators are looking to speak with former employees as well as banks that dealt with the firm’s business. This federal investigation is reportedly focusing on the firm’s financial practices as well as how it obtained the data from Facebook and other outside parties. Facebook has reportedly been contacted by officials involved with the investigation. … [Read more...] about The Tattered Remains of Cambridge Analytica Just Filed for Bankruptcy in the U.S.
The Italian-Canadian executive took the reins of an extremely ailing Fiat in 2004 and helped turn that company around before acquiring a post-bankruptcy Chrysler in 2009. Now one of the longest-serving chief executives in the auto industry, he was due to retire in 2019, but this apparent issue may be speeding up his departure. … [Read more...] about Fiat Chrysler CEO Sergio Marchionne Exiting Company Amid Health Issues (Updated)
The hacker also provided a PDF file of what appears to be an unfinished draft of a legal contract between Wright and Kleiman forming a secret Bitcoin trust in the Seychelles, a notorious tax haven in the Indian Ocean. The contract shows Dave Kleiman in receipt of 1,100,111 bitcoin, to be repaid to Craig Wright on January 1, 2020. Several reports, including an oft-cited technical analysis by Bitcoin expert Sergio Demian Lerner, estimate Satoshi Nakamoto’s legendary Bitcoin fortune at around 1 million BTC — a figure that nearly matches the amount in the Seychelles trust. It also lists five PGP keys — files that are used to establish encrypted lines of communication over email — that will be used to manage the trust. Searching for those keys in a public database reveals that one belongs to Wright, one belongs to Kleiman, and two belong to Satoshi Nakamoto. … [Read more...] about This Australian Says He and His Dead Friend Invented Bitcoin
Zuckerberg is not unique in his willingness to entertain invited the president to tour a Mac Pro assembly facility in Texas and even stayed silent when trying to secure tariff waivers so that it doesn’t lose money as a result of the president’s trade war with China. Meanwhile, top executives of seemingly every tech company in America have for their own reasons. … [Read more...] about When Asked About Trump Dinner, Zuckerberg Is Suddenly a Big Fan of Privacy
On The Lotanything good comes out of Hollywood? It was encouraging this week to hear that two contestants will be cut for each of these next two rounds, but that's still going to leave six contestants behind, and likely another month-plus of mediocrity and malapropisms. (The latter coming from both Garry Marshall and Adiana.) What may be the most frustrating aspect of On The Lot isn't the creative bankruptcy of the actual films, but the fact that Hollywood could've used the sensibility of an unknown plucked from outside the showbiz bubble; and yet, all of these contestants are trying so hard to be what they think Hollywood wants that none of them are bringing any personality or regional specificity to their work. (The closest may be the Christian action movie dude.) What a waste. Anyway, I can't abandon On The Lot for good without noting this week's catastrophe by Shalini: a preachy short about magical glasses that help a shallow shop-bot chick learn what really matters in life. … [Read more...] about Your Weekly Summer Reality TV Roundup – 07/13/07