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September 16th, 2014
08:38 PM ET

PayPal co-founder Billionaire Peter Thiel: I would not buy Alibaba

The iWatch or Apple Pay isn't a true breakthrough, Peter Thiel argues. Something like an Apple Television might be.

"You need to come up with something that is vastly better than the next best thing," he told CNN's Erin Burnett.

Thiel co-founded PayPal and was an early investor in Facebook (FB, Tech30), among other Silicon Valley startups. Today he's full of criticism for everything from Alibaba to Harvard University.

http://www.cnn.com/video/api/embed.html#/video/bestoftv/2014/09/17/erin-intv-peter-thiel-on-college-education.cnn

The 46-year-old thinks the U.S. is looking at years of stagnation if it doesn't start innovating more. That's his main message in his new book, "Zero to One: Notes on Startups or How to Build the Future."

It's more than words for the wealthy investor. He's gone as far as founding the Thiel fellowship program, where he offers to pay bright college students to drop out of school and start companies.

"A diploma is a dunce hat in disguise," he said. That's especially the case if you don't graduate from a top school, he said.

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Filed under: News • Tech
September 16th, 2014
04:48 PM ET

Critics photoshop CoverGirl with black eye to highlight domestic abuse

Research firm IEG estimates the NFL brings in more than a billion dollars a year in sponsorship money alone. Despite the league's scandals, no major sponsor has dropped its support, but some are coming under fire.

CoverGirl is one of them. It is the "official beauty sponsor" of the NFL. Some critics are so upset with the NFL and Cover Girl, they are posting a photoshopped version online of the magazine's Baltimore Ravens "makeup look." The meme shows the model with a black eye.

CoverGirl has recently taken down its "NFL Game Face" website.

Below is a response from CoverGirl's parent company, Procter and Gamble:

As a brand that has always supported women and stood for female empowerment, COVERGIRL believes domestic violence is completely unacceptable. We developed our NFL program to celebrate the more than 80 million female football fans. In light of recent events, we have encouraged the NFL to take swift action on their path forward to address the issue of domestic violence. – Laura Brinker, P&G Spokesperson


Filed under: Money & Power • Ray Rice • Sports
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