WHEN SHOULD YOU WORK WITH A REALTOR?
WHEN SHOULD YOU WORK WITH A REALTOR?
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This text exchange is LEGENDARY!! Justin Mateen certainly shows poor character in these texts and he sends a reprehensible message that he is a total D-bag. I am curious to see how a judge and jury will respond to the villain portrayed in these texts, and to what extent it will hurt him in court.
GOOD NEWS FOR HINGE!
Getty Images/Michael Buckner
Whitney Wolfe and Justin Mateen cofounded dating app Tinder. They dated on and off for a year. Then they broke up.
When the break up turned ugly, Wolfe says she was called things such as a “slut” and a “liar.” Now she’s suing Tinder for sexual harassment.
In 2012, dating application Tinder was born in a Los Angeles IAC startup incubator, Hatch Labs. It was a pivot from a customer loyalty startup, Cardify, that failed to gain traction.
One of the Cardify team members, 24-year-old Whitney Wolfe, took the idea for Tinder under her wing. She says she came up with the name of the app and initially promoted it on college campuses. She was given a co-founder title.
Then, her direct manager and fellow co-founder, Justin Mateen, allegedly took a liking to her. The pair dated in February 2013 and dated on and off for the remainder of the year. Wolfe says her relationship with Mateen ended for good when he became “verbally controlling and abusive.” The way he acted after their break up allegedly forced her to resign from the company.
Now, Wolfe alleges she was sexually harassed by Mateen and CEO Sean Rad during the majority of her employment at Tinder. She claims they revoked her co-founder status because five founders was “too many” and because she’s a woman. Further, Mateen allegedly told Wolfe it was “slutty” to be the co-founder of a “hook up” app like Tinder.
Mateen allegedly told Wolfe it was “slutty” to be the co-founder of a “hook up” app like Tinder.
“Mr. Mateen tried to justify the situation by saying ‘Facebook and Snapchat doesn’t have girl founders, it just makes it look like Tinder was some accident,’” the lawsuit states.
At the end of 2013, when Wolfe and Mateen ended their relationship for good, Wolfe says the sexual harassment got much worse. Mateen allegedly sent scathing, jealous texts. When Wolfe complained to Rad and Match.com CEO Sam Yagan, she says they didn’t care. Eventually she says she was forced to resign.
Texts in the lawsuit paint a nasty, jealous breakup between Wolfe and Mateen that would be difficult to stomach outside of the work place, and absolutely inappropriate between co-workers.
IAC has suspended Mateen in light of the texts. Here’s the company’s statement on the lawsuit:
“Immediately upon receipt of the allegations contained in Ms. Wolfe’s complaint, Mr. Mateen was suspended pending an ongoing internal investigation. Through that process, it has become clear that Mr. Mateen sent private messages to Ms. Wolfe containing inappropriate content. We unequivocally condemn these messages, but believe that Ms. Wolfe’s allegations with respect to Tinder and its management are unfounded.”
Here’s what transpired, as told through Wolfe’s texts…
(Tinder has not responded for comment)
Getty Images, Justin Sullivan
Apple is suddenly, somewhat unexpectedly, in the middle of its most exciting period of activity since it launched the iPhone seven years ago.
Tim Cook has taken over the company and is changing it in ways both small and big that will alter how the world thinks of Apple. For the most part, we think the changes are pretty good.
Here’s a quick rundown of what’s happening:
We are firmly in the post-Steve Jobs era, and Apple is doing a lot of stuff that Jobs would not have liked. Whether that’s for the best won’t be known for a few years, but as of right now these changes look good and necessary.
Because Jobs was such a powerful, brilliant executive, his flaws tend to be swept over. But he had flaws. For instance, he was opposed to putting iTunes on Windows-based computers. However, that was the right call as it led to widespread adoption of the iPod, which kick-started Apple’s comeback. Jobs was opposed to an App Store because he wanted total control over the iPhone’s software. The App Store was the right call.
After Jobs died, I spoke with a former Apple executive, and one thing he said has stuck with me. Basically, Jobs created bottlenecks at Apple because every major decision flowed through him. With Jobs gone, and power more diffuse, it seems as if Apple can do more within its product categories.
Cook has taken over the company, and it looks like he’s managed to balance Jobs’ obsession with secrecy and control with just enough openness to make the iPhone and iPad better products.
Things are changing at Apple, and it’s going to be exciting to see what happens.
Facebook shocked the world yet again with an unexpected acquisition last night.
Unlike other recent acquisitions in technology, this one doesn’t immediately make sense.
When Facebook bought Instagram for $1 billion, it was a perfect fit. Facebook is all about photo sharing. Instagram was eating into Facebook’s business as the primary social network for sharing photos.
When Google paid $3.2 billion for Nest, it made sense. Google is working on home automation and the Internet of Things.
When Facebook bought WhatsApp for $19 billion, it was getting a messaging service that was on pace to have 1 billion users. WhatsApp was a social network of its own, and as such it posed a threat to Facebook, which has its own messaging service.
But Oculus Rift? It’s not a social platform. It is no threat to Facebook in the near term, and probably not in the long term.
So why did Facebook buy the company? There are two, intertwined reasons to explain this deal.
The first and most straightforward explanation is just what Facebook CEO Mark Zuckerberg said last night. He believes virtual reality could be the next major computing platform. First there was desktop computer, then there was mobile, and he believes virtual reality is next.
“We’re going to make Oculus a platform for many other experiences,” said Zuckerberg while announcing the deal. “Imagine enjoying a courtside seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face — just by putting on goggles in your home. This is really a new communication platform.”
Some people are skeptical about Zuckerberg’s vision. In general, people don’t like to wear goggles or glasses in their homes. It’s one of the reasons 3-D televisions have never taken off. The immersive experience of an Oculus is mind-blowing, according to pretty much anyone who’s tried it, but it’s also isolating, which could limit its mainstream appeal.
But if Zuckerberg is wrong — and Oculus is not the next major platform — it’s not a big deal.
Sure, $2 billion makes it sound like a big deal, but the deal terms are good for Facebook. It is spending $400 million in cash and using 23.1 million shares to buy Oculus. There’s an additional $300 million in earnout bonuses.
This is the second reason for Zuckerberg buying Oculus. Zuckerberg looks at his stock price, which is quite high right now and thinks, “Great! I can spend this buying cool stuff!”
Facebook had $11.45 billion in cash at the end of last year. It spent $4 billion in cash on WhatsApp. Spending a further $400 million of the cash on a company that might be pioneering the next major computing platform is a no-brainer — it’s loose change.
As for spending stock, it’s basically monopoly money to Zuckerberg right now. Facebook won’t be judged on the performance of Oculus for three years, at least. For now, it’s all about the success of the core business, Instagram, and, to a lesser extent, WhatsApp.
Besides, investors are rewarding technology companies for aggressively investing in the future. Facebook’s stock hit a high in the days following its WhatsApp acquisition. (Normally, acquiring companies see their stock go down as they lose cash.) Google has been on a tear as it announces all sorts of technology experiments. Amazon has been rewarded for pursuing investment over profits.
By contrast, Apple’s shares have been pretty lifeless as it works behind closed doors on whatever its developing.
(And, by the way, Facebook’s stock is flat in pre-market trading.)
Zuckerberg looks at this landscape and figures, why not spend some of Facebook’s equity?
Is there a downside to this deal? Not really. If Oculus turns out to be a bust, then Zuckerberg is mostly just embarrassed for getting it wrong.
It’s not going to sink Facebook, and Zuckerberg spent only $400 million in cash. If Oculus turns out to be a good gaming platform, like Xbox, but not a major computing platform, that’s not the end of the world either. Xbox is a strong business on its own.
If Zuckerberg is right, he bought the next iPhone-like product for just $4oo million in cash.
Dustin Moskovitz is the co-founder of Facebook and the founder of Asana. He’s also a burner.
A “burner” is someone who loves to attend Burning Man, a week-long festival in the Nevada desert that has soared in popularity, especially among the Silicon Valley elite.
Mark Zuckerberg could also be called a burner. So could Larry Page and Elon Musk, who have also attended Burning Man.
Moskovitz has attended Burning Man five times. This year, he met two people he thought he’d never enjoy meeting: Tyler and Cameron Winklevoss. The Winklevoss twins infamously sued Mark Zuckerberg and Facebook for “stealing” their idea.
Moskovitz says he’s envisioned meeting the twins before and it hasn’t been pretty. But the reality was much different, because it happened at Burning Man, where everyone is all love, drugs and camping.
Moskovitz describes their first meeting on Medium. Instead of fighting, they trio actually hugged.
“These guys are among the only people on earth I might describe as real antagonists in my life or even enemies, but on playa my first instinct was that I quite obviously needed to introduce myself and start with hugs. They had just arrived so I wasn’t sure how they’d react, but they were very gracious at the time and I knew they’d understand more deeply by the time they left. Almost immediately when I got back, I had a Facebook friend request from Tyler and we started a thread mutually extolling the virtues of the festival. In no uncertain terms, he described a spiritual experience. I had created all kinds of dark fantasies about how meeting them would go (Tyler assures me it would have been cordial regardless), but on playa it was laughably clear. There, we were all part of the same community. We were always part of the same community.”
A nine-day traffic jam in China is now more than 100 kilometres long and could last for weeks, state media reported Monday.
Thousands of trucks en route to Beijing from Huai’an in the southeast have been backed up since Aug. 14, making the National Expressway 100 impassable, Xinhua News reported.
A spokesman for the Beijing Traffic Management Bureau reportedly told China’s Global Times newspaper that the backup was due to “insufficient traffic capacity … caused by maintenance construction.”
What’s the longest time you’ve spent stuck in a traffic jam? Take our poll.
The construction is scheduled to last until Sept. 13.
Stranded drivers appear to have few options when it comes to dealing with the jam.
At least some drivers have complained that roadside vendors have increased their prices to take advantage of the traffic jam. One truck driver said he bought instant noodles from one vendor for four times the original price.
Another driver, Wang, told Xinhua he’d been stuck in the traffic jam for three days and two nights.
“We are advised to take detours, but I would rather stay here since I will travel more distance and increase my costs,” Wang said.
This is not the first time the highway has faced such congestion.
A similar backup in July kept traffic to a crawl for nearly a month, Xinhua reported.