Oracle of Omaha Invests in Tech, Beef is Beef Unless It Isn’t, EL Goog Targeted

Warren Buffet

Warren Buffet


Hi Everyone,

It’s that time of year! Back to school!

IT HAS BEEN A HARD WEEK! My kids are back in school, we’re still operating under summertime scheduling and it has been a struggle getting up in the morning and getting things moving.

But, when it’s Thursday, it’s time for tech time with Mark and the folks over at First News 570. You can always listen LIVE with Mark Starling and the crew each Thursday morning at 643 am.

Here are this week’s top tech stories.

ORACLE OF OMAHA INVESTS IN FIRST TECH FIRM, IN INDIA
Warren Buffett, the Oracle of Omaha, has made a first time investment of 25 billion rupees, $360 million in Indian mobile payment platform Paytm. The investment will value the company at $10 billion. Warren Buffet wasn’t personally involved in the transaction, but knowledge of his company, Berkshire Hathaway entering the payments market is bound to have an impact. Berkshire Hathaway enters a playing field in which Google, Facebook, and Walmart are trying to gain a foot hold. Payments and fintech are getting a lot of attention lately and I don’t think it’s over.
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MISSOURI LAW HAS BEEF WITH LAB-GROWN BEEF
That’s right, I completely stole the headline. A new Missouri law prohibits food producers from calling anything that isn’t made from animal flesh, ‘meat’. Lobbied by the Missouri Cattleman’s Association, the law is designed to aid consumers in knowing they are buying. Personally, I’m for it, because I’m sick of hearing about protein while we could actually be eating beef, chicken, or anything else produced from an animal. I’m sick of plant based marketing. I’m not anti-vegan or anything, but meat is meat, and plant patties are plant patties. Also, start expecting the same thing from dairy producers.
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TRUMP WANTS EL GOOG AND OTHER INVESTIGATED FOR BIAS
And closing out this week’s news items…President Donald Trump has warned Facebook, Twitter, and Google over perceived bias in search results, news feeds, and timeline data. Trump says that they should be “very careful” after accusing Google of rigging search results of “Trump news” to be fake news. The President claims that Google is prioritizing news to be negative in search results instead of positive news. Mercedes Bunz, a senior lecturer at King’s College London, said that it’s very difficult for Google to tweak news results one way or another. Search results are optimized for actuality and proximity to the terms, and would be difficult to tweak based on political point of view.
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