Former Facebook executive says Google, Facebook are ‘surveillance states’ and risk more regulation

  • Even though he was once an executive at Facebook, Chamath Palihapitiya, CEO of Social Capital Hedosophia Holdings, favors investing in Amazon instead, he told CNBC’s “Fast Money: Halftime Report” on Thursday.
  • But Palihapitiya said he thinks that Facebook and Google face more regulatory risk, given the many retailers that compete with Amazon.
  • “Amazon is a microscopic portion of global consumption today, so ultimately I think it has more room to grow before it invites regulatory overview,” Palihapitiya said.
  • Palihapitiya noted that many big technology companies have seen their stocks soar, making it tempting to take gains.
  • But with tools like Alexa, robots and cloud, Amazon’s technology could lead it to victory over “laggard competitors,” Palihapitiya said.

Chamath Palihapitiya’s holding company, which also includes former Twitter executive Adam Bain, hit the public markets on Thursday.
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Anthony Bourdain: Human race is ‘essentially good’

  • I have since come to believe — after many meals with many different people in many, many different places — that though there is no shortage of people who would do us harm, we are essentially good.
  • That the world is, in fact, filled with mostly good and decent people who are simply doing the best they can.
  • Sitting at the table has allowed me a privileged perspective and access that others, looking principally for “the story,” do not, I believe, always get.
  • People feel free, with a goofy American guy who has expressed interest only in their food and what they do for fun, to tell stories about themselves — to let their guard down, to be and to reveal, on occasion, their truest selves.
  • I hope to show you what people are like at the table, at home, in their businesses, at play.

Before I set out to travel this world, 12 years ago, I used to believe that the human race as a whole was basically a few steps above wolves.
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