Facebook shareholder case reveals Zuckerberg's secret texts
Another day of all-time highs across the major indices (^DJI, ^GSPC, ^IXIC, ^RUT), with the health care (XLV) sector leading the way up, but financials (XLF) still languishing in the red. Alan Valdes, director of floor operations at Silverbear joins us live from the New York Stock Exchange.
To discuss big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Jen Rogers and Melody Hahm.
Andreessen may have shared inappropriate secrets with Zuckerberg
Mark Zuckerberg is under scrutiny after recently unsealed court documents reveal he may have had inappropriate communication with fellow Facebook board member Marc Andreessen. The matter stems from Zuckerberg’s desire to eventually give away 99% of his Facebook shares while maintaining control over the company. Andreessen and two other board members were appointed to a special committee to represent minority shareholders. But court documents show that Andreessen was helping Zuckerberg by passing him inside information about the committee’s deliberations.
South Korea impeaches President Park Geun-hye
South Korean President Park Geun-hye was impeached. The president’s downfall came after accusations that she shared confidential documents with a friend and helped the friend extort tens of millions of dollars from business conglomerates including Samsung and Hyundai.
What the poor do with gifts of cash
What happens when you help people in extreme poverty by giving them cash? Just this week, a group of tech executives met to pledge $10 million for research on the idea of a universal basic income. A pilot project will begin with a few dozen people getting $2,000 per month for a year.
