Friday 08.11.17

"When you're not concerned with succeeding, you can work with complete freedom." — Larry David

Snap misses across the board for Q2 earnings, stock gets whacked  Snapchat missed Wall Street’s expectations for its second quarter as a public company, sending its stock diving more than 16% in after-hours trading to an all-time low. - Business Insider

SoundCloud plans to replace its CEO as part of a new funding deal  Investors want to replace the CEO of SoundCloud, the troubled music-streaming service, as part of a new round of investment. SoundCloud plans on raising around $170 million, in a deal that would value the company at $150 million prior to the new investment. Most of the new money would come from Raine Group and Temasek. - Recode/a>

HBO Hackers Leak Email From Network That Offers Them $250,000  he hackers behind HBO's recent breach have leaked a screenshot of an email that shows a senior vp for the network offering the hackers $250,000 as a "bug bounty payment." - Hollywood Rpoerter

Amazon in talks to offer event ticketing in U.S. - sources  Amazon is seeking to partner with U.S. venue owners to sell event tickets, a move that could loosen Ticketmaster's powerful grip on the lucrative ticketing business. - Reuters

How turning off viruses in piglets could make their organs safer for people  Scientists have successfully edited a pigs genome to deactivate viruses that could be harmful to people. The research is an important step forward in the quest to make pig organs safe for transplantation in humans. - The Verge

The World's Most Expensive Housing Market Just Got Even Pricier  Hong Kong’s housing affordability ratio, which measures the proportion of income spent on mortgages, worsened to about 67 percent for the quarter, the government said Friday, up from 56 percent in the year-earlier period. - Bloomberg

Nuclear nerves wipe $1 trillion off world stocks  The damage inflicted on world stocks this week by the escalating war of words over North Korea topped $1 trillion on Friday, as investors again took cover in the yen, the Swiss franc, gold and government bonds. - Reuters

  Is MLS (Major League Soccer) a Ponzi Scheme?

"When Forbes last looked at MLS finances, it had to perform mathematical contortions to explain why franchise values are rising even as annual losses continue to mount."
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