Business, Spoken

Henry and I are not hitting it off. First he ignores my question about how he spent the weekend. Then he tells me, cryptically, that he likes to get up early to spend time “working on himself.” What does he mean by that? I ask. He isn’t sure. He makes intense eye contact and arches an eyebrow. “Sometimes I have too much information at the same time in my brain.” Oh. OK. I notice Henry’s washboard abs peeking through an unzipped blue cardigan.

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It takes chutzpah to walk on stage in front of thousands and declare that most of the people in the room are totally full of shit. That’s how Jimmy Song, a venture partner at Blockchain Capital, entered Monday at Consensus, the biggest cryptocurrency conference of the year, at New York’s Hilton Hotel. That he did so sporting a black cowboy hat and boots was merely a bonus.

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Every time you visit a website, you leave behind a trail of information, including seemingly innocuous data, like whether you use an Android or Apple device. And while that might feel like a mere personal preference, it turns out that lenders can use that type of passive signal to help predict whether you'll default. In fact, new research suggests that those signals can predict consumer behavior as accurately as traditional credit scores.

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I’m totally fine with this. The women sitting cross-legged on the floor around me are passing around a wooden box and dropping their phones inside. It’s coming my way, and I’ve been instructed to jot down my feelings about parting with my phone. I’m totally fine with this, I write, which is a lie.

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If you click on the right-hand corner of any advertisement on Facebook, the social network will tell you why it was targeted to you. But what would happen if those buried targeting tactics were transparently displayed, right next to the ad itself? That's the question at the heart of new research from Harvard Business School published in the Journal of Consumer Research. It turns out advertising transparency can be good for a platform—but it depends on how creepy marketer methods are.

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On Tuesday Facebook reorganized the duties of its product executives, in the process creating an unusual new division: David Marcus, formerly head of Facebook’s Messenger app, will now lead a team of fewer than a dozen people dedicated to blockchain technology, according to Recode. He’ll be joined by notable executives including Kevin Weil, former VP of product at Instagram, and James Everingham, VP of engineering at Instagram. It’s not clear what the company is up to here.

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Last week T-Mobile and Sprint, two of the four nationwide mobile wireless network operators, agreed to merge in a deal valued at $26.5 billion. Not surprisingly, the companies are making a lot of promises to gain the support of both the Federal Communications Commission and the Department of Justice, both of which must approve the merger. But consumers should not be fooled.

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How much do workers at tech firms make? The answer varies a lot, depending on the employer. The median employee at Amazon made $28,446 last year, according to new disclosures required by the Securities and Exchange Commission. At Facebook, the median employee made $240,430, more than eight times as much. There are reasons for the big disparity, of course: Facebook’s 25,000 employees include many software engineers, which it must recruit in the expensive and competitive San Francisco Bay Area.

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Everyone knows Washington is a swamp filled with snakes and influence peddlers. And few believed President Trump would do much to change that, despite his "drain the swamp" battle cry. In fact, one could argue he has done much since taking office to encourage influence peddling. He refused to put his assets in a blind trust or release his tax returns. That means he can know which people, businesses, and countries that want something from him as president are also supporting him as a businessman.

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Yale Fox’s business doesn’t work unless everyone thinks its fair. His startup, Rentlogic, relies on an algorithm to score New York City landlords on how well they take care of their properties. It’s an easy way for tenants to avoid bedbugs and mold, and for landlords to signal they take good care of their properties. But it isn’t enough for Rentlogic’s score to just exist; Fox needs landlords and tenants to believe in it.

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