Mon. 09/17 - The Benioffs Buy Time

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 17 September 2018

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Another Billionaire bails out a major media brand, social network Path is no more, Amazon employees are allegedly taking bribes, Linus Torvalds apologizes for being a jerk, and Steve Jobs had a weird notion about what actually constitutes pizza. Stories from: @cgartenberg Tweets: @laura_nelson, @BuzzFeedBen Links:Are there any other billionaires out there to buy Fortune or Sports Illustrated? (Recode)Mobile social network Path, once a challenger to Facebook, is closing down (TechCrunch)Here are over 150 new features and changes in iOS 12 for iPhone and iPad (Apple Insider)Amazon Investigates Employees Leaking Data for Bribes (WSJ)Amazon Storefronts is a new retail hub exclusively for US small businesses (The Verge)Linus Torvalds apologizes for years of being a jerk, takes time off to learn empathy (Ars Technica)AN ORAL HISTORY OF APPLE'S INFINITE LOOP (Wired) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home from Monday, September 17th, 2018.
0:08.2	I'm Brian McCullough.
0:10.0	Today, another billionaire bales out a major media brand.
0:14.0	Social Network Path is no more.
0:17.0	Amazon employees are allegedly taking bribes.
0:21.0	Linus Torvalds apologizes for being a jerk and Steve Jobs had some pretty weird notions
0:28.0	about what actually constitutes pizza.
0:31.2	Here's what you missed today in the world of tech.
0:34.0	Late last night, big news broke in the media world that has a pretty strong tech flavor to it.
0:46.3	Salesforce founder Mark Benyoff and his wife Lynn Benyoff bought Time magazine
0:52.2	from Meredith Corp.
0:54.2	The purchase price is reportedly $190 million.
0:59.1	Note, the banyoffs are buying the magazine as individuals, much as Jeff Bezos owns the Washington Post as an individual.
1:07.0	The Washington Post is not a part of Amazon.
1:09.6	The Banyoffs say they don't intend to have a role in the day-to-day operations of the magazine
1:14.8	or its editorial decisions.
1:17.3	In an interview with the Wall Street Journal, Mr. Benyoffs said, quote, we're investing in a company
1:21.3	with tremendous impact on the world, one that is also an incredibly
1:25.8	strong business. That's what we're looking for when we invest as a family."
1:29.3	End quote. Ms. Benyoff said, quote, the power of time is its unique storytelling of the people and issues that affect us all and connect us all, end quote.
1:39.0	So as you can imagine, both tech Twitter and media Twitter were all a flutter about this news.
1:45.0	Laura Nelson tweeted, quote,
	...

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