Trump’s tariff reprieve, WhatsApp co-founder quits Facebook, and more trending news
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The Trump administration extended metal tariff exemptions for the EU, Canada and Mexico until June 1. Tariffs on steel and aluminum imports from these countries were set to begin Tuesday. The 30-day reprieve, which the EU says “prolongs market uncertainty,” comes amid NAFTA talks and trade tensions with China. The administration has also reached initial tariff deals with Argentina, Australia and Brazil, which will be finalized in 30 days. ? Share your thoughts: #TariffExemptions
WhatsApp co-founder Jan Koum is leaving Facebook. Koum, who sold the online messaging service to Facebook for $19 billion in 2014, said it was time to "move on." Koum is leaving both the WhatsApp and Facebook boards, The Washington Post reports, after disputes over issues including strategy and efforts to use WhatsApp data and “weaken its encryption.” Facebook has faced scrutiny since the Cambridge Analytica scandal, in which data from 87 million members was improperly accessed.
Actress Ashley Judd is suing Harvey Weinstein for defamation, alleging the former Hollywood producer stopped her from getting roles and damaged her reputation. Cases based on smear campaigns can be difficult to prove, notes The New York Times, but legal experts say Judd’s case could have ramifications for people “not just in show business but in all sorts of hiring contexts.” Allegations against Weinstein published last fall triggered a slew of sexual assault and harassment claims against other powerful men. ? Share your thoughts: #JuddDefamation
California ruling could have “sweeping consequences” for the gig economy: California has changed its classification test for employees, meaning gig economy firms (such as Uber or GrubHub) may no longer be able to call their workers independent contractors. The decision from the state’s Supreme Court follows similar rulings in Massachusetts and New Jersey. This could ultimately mean companies have to offer benefits such as minimum wage, insurance or overtime pay — although that shift may be “far off,” predicts The New York Times. ? Share your thoughts: #CaliforniaContractors
Private universities gave record tuition discounts this year — but enrollment is still falling. The average discounted tuition rate reached an estimated 49.9% this academic year, up from 39.1% ten years ago. But such “aggressive” discounting hasn’t bolstered enrollment, which has dropped nationwide at private schools for the past three years. The decline means universities earn less tuition revenue, explains Inside Higher Ed, which could force them to cut costs elsewhere. ? Share your thoughts: #CollegeSustainability
Idea of the Day: Failure is something most of us like to avoid at all costs. But we really can learn from our mistakes, says Radiate CEO Betty Liu — and that gives us an advantage.
“Each of these failures turned into a startling turning point that led me down a new path I couldn't imagine. If it wasn't for my past failures, I wouldn't be the person I am today.”
What's your take? Join the conversations on today's stories in the comments.
— Carmel Melouney & Jessica Hartogs / Share this using #DailyRundown
Partner at Cellflo
6 年that sexist pig held me back too, i had ambitions of being the Hollywood Khan #JuddDefamation
Co Founder and Managing Partner
6 年Recognizing that you have failed at anything and accepting it are two different things, both need to happen to move on. In addition, time also plays a factor as a perceived success/win at one point in time may not be seen in the same light at a later date. here as
Senior Architect at Ontario Ministry of Health and Long-Term Care
6 年It feels like in November the WhatsApp team after cashing out their Facebook stock will create another WhatsApp, now called Signal
Recovering MBA
6 年What's up with WhatsApp founder Jan Koum? Now that he's left Facebook, what is he going to do? "I'm taking some time off to do things I enjoy outside of technology, such as collecting rare air-cooled Porsches, working on my cars and playing ultimate Frisbee." That is so much more revealing than "Spend more time with my family."
“Success is the ability to go from one failure to another with no loss of enthusiasm” – Winston Churchill
6 年Failures are indeed great learning opportunities under the right circumstances. However it is important to architect your projects so that you can fail fast and do the necessary course corrections rapidly so you don't dig yourself into a hole that will be too difficult to climb up from.