WHY LIST WITH A BROKER? – Luke Buchanan

WHEN SHOULD YOU WORK WITH A REALTOR?

When you have property to sell at a premium, you want to work with someone who keeps his finger on the pulse of DC’s housing market, with someone who sets realistic expectations for sellers and who does not jump on the first offer that comes in.

The last few months have been an unforgettable experience, trying find the right buyer in one of the hottest neighborhoods in D.C. Proudly representing the seller of this exchange and selling at 100% of list price. http://www.LukeTheRealtor.com

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Luke Buchanan delivers in-depth, local knowledge regarding NW Washington neighborhoods. Luke is proficient in relative-valuation and formerly worked as a strategist for an advertising firm in Santa Monica. If you wish to learn more about your home’s worth, please call or email to schedule a free real estate consultation today. You may also visit Luke Buchanan’s blog or Facebook, to find additional information that may further guide your real estate decisions. Hobbies include: golf, grilling, image editing, photography, running, skiing, tennis, travel and yoga

 

WHEN SHOULD YOU WORK WITH A REALTOR?

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Ousted Tinder Cofounder Sues For Sexual Harassment, And She’s Using These Nasty Texts As Evidence

Ousted Tinder Cofounder Sues For Sexual Harassment, And She’s Using These Nasty Texts As Evidence

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!

Ousted Tinder Cofounder Sues For Sexual Harassment, And She’s Using These Nasty Texts As Evidence

tinder whitney wolfe

Getty Images/Michael Buckner

Whitney Wolfe is suing Tinder for sexual harassment. She says she cofounded the dating app when she was 24.

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)

Here’s the start of the controlling-sounding texts, sent from Justin Mateen to Whitney Wolfe.

Here's the start of the controlling-sounding texts, sent from Justin Mateen to Whitney Wolfe.

Tinder Lawsuit/Scribd

“I will shit on him in life,” a jealous Mateen allegedly texted Wolfe about a new guy in her life.

"I will shit on him in life," a jealous Mateen allegedly texted Wolfe about a new guy in her life.

Scribd

More insults from Mateen allegedly followed.

More insults from Mateen allegedly followed.

Tinder Lawsuit/Scribd

Mateen went on to mock Wolfe and said he had “horrible judgement” for dating her.

Mateen went on to mock Wolfe and said he had "horrible judgement" for dating her.

Tinder Lawsuit/Scribd

He allegedly made racist comments about guys she was involved with after their breakup.

He allegedly made racist comments about guys she was involved with after their breakup.

Tinder Lawsuit/Scribd

And allegedly accused her of being a social climber with “Muslim pigs.”

And allegedly accused her of being a social climber with "Muslim pigs."

Tinder Lawsuit/Scribd

The jealous rant continued…

The jealous rant continued...

Tinder Lawsuit/Scribd

And when things continued to be bad, Wolfe started making legal threats.

And when things continued to be bad, Wolfe started making legal threats.

Tinder Lawsuit/Scribd

Mateen allegedly threatened her not to sue, or else he’d “bark back like a psycho.”

Mateen allegedly threatened her not to sue, or else he'd "bark back like a psycho."

Tinder Lawsuit/Scribd

Wolfe was called a liar.

Wolfe was called a liar.

Scribd/Tinder

And a coward during work hours.

And a coward during work hours.

Tinder Lawsuit/Scribd

Wolfe allegedly told Mateen she was feeling harassed by him.

Wolfe allegedly told Mateen she was feeling harassed by him.

Tinder/Scribd

And pointed out that he was (allegedly) threatening her.

And pointed out that he was (allegedly) threatening her.

Scribd/Tinder

Mateen didn’t agree.

Mateen didn't agree.

Tinder/Scribd

Wolfe told Mateen that her personal life wasn’t his business anymore, because they broke up.

Wolfe told Mateen that her personal life wasn't his business anymore, because they broke up.

Tinder Lawsuit/Scribd

Insecure break-up texts continued.

Insecure break-up texts continued.

Tinder Lawsuit/Scribd

Mateen continued to allegedly badger his ex about a guy from a trip to Aspen.

Mateen continued to allegedly badger his ex about a guy from a trip to Aspen.

Tinder/Scribd

The controlling-sounding texts continued.

The controlling-sounding texts continued.

Tinder Scribd

More drama and jealousy.

More drama and jealousy.

Tinder/Scribd

Again Wolfe wrote that she was feeling harassed.

Again Wolfe wrote that she was feeling harassed.

Tinder/Scribd

So she escalated the situation to CEO Sean Rad.

So she escalated the situation to CEO Sean Rad.

Tinder/scribd

Sean, seeming to sense a potential lawsuit, didn’t want to talk via text.

Sean, seeming to sense a potential lawsuit, didn't want to talk via text.

Tinder Lawsuit/Scribd

Wolfe’s stock hadn’t vested yet. Rad informed her that if she quit, she wouldn’t get the unvested stock (which is typical at a startup).

Wolfe's stock hadn't vested yet. Rad informed her that if she quit, she wouldn't get the unvested stock (which is typical at a startup).

Tinder Lawsuit/Scribd

Rad encouraged Wolfe to email him her resignation.

Rad encouraged Wolfe to email him her resignation.

Tinder Lawsuit/Scribd

“Your employment continuing is likely not an option at this point,” Rad allegedly told Wolfe.

"Your employment continuing is likely not an option at this point," Rad allegedly told Wolfe.

Tinder Lawsuit/Scribd

Wolfe was not pleased. Now she’s filed a lawsuit.

Wolfe was not pleased. Now she's filed a lawsuit.

This Is The Most Exciting Time At Apple Since 2007

This Is The Most Exciting Time At Apple Since 2007

The title might be a  bit of a stretch.  Basically, they are releasing a larger iPhone with the option of a 4.7” or 5.5” screen, compared to the current 4” screen (sign me up!).  How big is too big though?  It still need to fit in your pocket, right?  I guess the iWatch will be perfect for those who find the new iPhone cumbersome.
Besides these new products and iPhone enlargements, Apple is modifying their marketing significantly, moving more advertising in-house, hiring new PR, and giving their retail stores a big makeover.  Oh, and they have been on an acquisitions spree, buying 24 companies in the past 18 months, but then again, what big tech firm in Silicon Valley hasn’t been doing that (cough* ‘Facebook’ cough*).

Jun. 11, 2014, 9:01 AM

Craig Federighi Apple

Getty Images, Justin Sullivan

Apple senior vice president of software engineering Craig Federighi.

 

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:

  • Apple opened up iOS, the software that powers iPhones and iPads, giving developers a few more hooks into the system. As Matt Drance put it, “Apple knocked nearly every item off the community’s list of wishes and complaints” about iOS. Apple was also a little more relaxed about NDAs for developers, allowing them to talk about things they learned at WWDC, the big developer conference.
  • Apple is going to release two bigger iPhones. For years now, people have wanted a big screen iPhone from Apple. This year it’s going to deliver a 4.7-inch phone and a 5.5-inch phone. The current phone is 4 inches, which is tiny compared to most Android phones. 
  • Apple is looking for a new, more friendly, more approachable PR person to lead communications. This is one of those things that people in the media are more interested in since they deal with PR. However, PR does more than deal with annoying reporters; it guides the story around Apple for the public. It will be fascinating to see how the story of Apple evolves. Since Steve Jobs’ death, Apple has lost its grip on the story, and people started to think Apple was less innovative than Google, which is a bit silly really. 
  • Apple is shaking up its marketing department, bringing more people in-house to run advertising. Apple has been trashed over the years as nothing more than a “marketing company” that sold cool to customers. This, too, is silly because the products are great. But there’s no denying that its advertising and marketing was excellent. That advertising inspired a generation of companies who are all doing excellent work. Apple’s work by comparison started to go sideways. Can Apple regain its marketing mojo by bringing its ad team in-house?
  • Apple retail is going to get a big make over. Angela Ahrendts was brought in from Burberry to shake things up. 
  • Apple has been on an acquisitions spree. On earnings, Cook said the company bought 24 companies in the past 18 months. And it feels like every other day we’re hearing about a new little pick-up. It’s an un-Apple-like move, but it can’t hurt to bring in fresh new talent with good ideas.
  • It bought Beats for $3 billion. The cool kids in Silicon Valley snort at the deal. (A typical response we saw on Twitter on Tuesday: Google buys a satellite company, Facebook buys Oculus, the leading virtual-reality company, and Apple buys a bad headphones company?) But, whatever, this is something completely different. It’s a low-cost, low-risk deal, and Apple can easily expand the distribution and quality of Beats headphones. Not to mention that it infuses the company with some creative “think different”-types of people who don’t live in the insular world of tech. 
  • Apple is going to release the iWatch, its first post-Steve Jobs product in October. Whether it’s a smash hit or a flop, this is exciting. We’re getting the first new hardware product from Apple in four years. 
  • “Later this year, we’ve got the best product pipeline that I’ve seen in my 25 years at Apple.” That’s a quote from Eddy Cue, who runs Apple’s internet services. Personally, I think it’s crazy to do hype like that, but Cue and the rest of Apple’s executive team seem confident in what they’re doing. 

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. 

The Only Explanation Of Facebook Buying Oculus For $2 Billion That Makes Any Sense

The Only Explanation Of Facebook Buying Oculus For $2 Billion That Makes Any Sense Read more: http://www.businessinsider.com/why-mark-zuckerberg-bought-oculus-for-2-billion-2014-3#ixzz2x4tF4Ex2

The Only Explanation Of Facebook Buying Oculus For $2 Billion That Makes Any Sense

 

Mark Zuckerberg

Getty Images/David Ramos

Facebook CEO Mark Zuckerberg.

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Facebook shocked the world yet again with an unexpected acquisition last night.

 

It announced that it was paying $2 billion for Oculus Rift, a virtual-reality gaming company. Oculus makes a headset that delivers an immersive experience. It blows away the people who use it.

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.

Co-founder of Facebook Meets the Winklevoss Twins at Burning Man

Co-founder of Facebook Meets the Winklevoss Twins at Burning Man

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.”

100-km Chinese traffic jam enters Day 9

100-km Chinese traffic jam enters Day 9

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.”

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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.