Reddit CEO Ellen Pao apologizes: We screwed up  

CNN Money By : Laurie Segall and Chris Isidore

Pao also promised to improve communication between the website and its community of users. Some users and moderators of the popular discussion site have been up in arms by Pao's decision last week to let go a top executive who was popular with Reddit users.

"Today, we acknowledge this long history of mistakes. We are grateful for all you do for reddit, and the buck stops with me," Pao said in a statement posted on the site. - Referenced Article


Rory McIlroy ruptures ankle ligament  

The Guardian By : Ewan Murray

Rory McIlroy’s hopes of defending his Open Championship title have been plunged into severe doubt after the world No1 ruptured ankle ligaments playing football at the weekend.

McIlroy posted a photo on social media on Monday morning showing him on crutches and with a protective cast over his left foot. - Referenced Article


Surprise! Lil Wayne Drops Entire New Free Album On Tidal  

Forbes By : Hugh McIntyre

Another month, another surprise release by one of the biggest names in the music world. Today, Lil Wayne has dropped his latest album, Free Weezy Album (or FWA as it appears to have been shortened to), exclusively on Tidal.

FWA is technically a mixtape, as it isn’t going to be for sale, but rather just a free gift to fans.

The rapper is in the middle of a very nasty battle with his record label, Cash Money Records, which he has been with since the beginning of his career. He claims that the company is withholding not only two full albums, but also tens of millions of dollars in money he is owed. - Referenced Article


Unemployment falls to lowest level in 7 years  

CNN Money By : Patrick Gillespie

U.S. unemployment fell to 5.3%, its lowest level since April 2008, according to the latest government data released Thursday.

It was an even healthier rate than many economists predicted and brings America back to a rate last seen before the financial crisis. Hiring remains robust: the U.S. added 223,000 jobs in June.

Thursday's news was slightly below the prediction from CNNMoney's survey of economists, which projected there would be 235,000 jobs added. - Referenced Article


Transforming Branding: Digital In Advertising  

Forbes By : Jason Bloomberg

For those of us in the technology world, digital is a technology concept – customer-driven technology to be sure, but still about the ones and zeroes in the end.

Ask someone in the advertising industry about digital, however, and you’ll get a very different answer.

It’s about the transformation of branding. “Colors and the emotional aspect of what a brand represents – those days are gone,” says Eric Pilkington, Chief Digital Officer at McCann Health, a McCann Worldgroup agency, which is owned by advertising giant Interpublic Group. - Referenced Article


Shaqs Golf Swing Worse Than Barkleys  

ESPN By : Staff Reporting


Is The Country Club too exclusive even for Tom Brady?  

Boston Globe By : Mark Shanahan

Just how exclusive is The Country Club in Brookline?

We’re about to find out. Word around the club’s meticulously manicured grounds is that Patriots quarterback Tom Brady and his supermodel spouse, Gisele Bundchen, whose mansion is just an errant tee shot away, would like to join.

But it’s not clear if the club famous for understatement and insularity will accept the glamorous power couple as members. - Referenced Article


iPhone anniversary: How the first iPhone beat the critics  

CNET By : Staff Reporting

Eight years after Apple's first iPhone went on sale, we look back at a gadget that rocked the tech world, despite lacking some crucial features.


Phil Mickelson $3 million linked to money laundering  

CBS News By : Kyle Porter

 Phil Mickelson has been in the news more for potential illegal financial activity than he has for winning golf tournaments over the last two years. First, Lefty was tied up in a potential insider trading extravaganza.

 
Now, a sports gambling ring and money laundering story. ESPN is reporting that almost $3 million of Mickelson's cash was transferred to someone who could get 60 years in prison for money laundering and illegal sports betting. Here's the crux of the matter from ESPN:
 
Nearly $3 million transferred from golfer Phil Mickelson to an intermediary was part of "an illegal gambling operation which accepted and placed bets on sporting events," according to two sources and court documents obtained by Outside the Lines.
 
Mickelson, a five-time major winner and one of the PGA Tour's wealthiest and most popular players, has not been charged with a crime and is not under federal investigation.


Study Suggests Google Harms Consumers by Skewing Search Results  

WSJ By : TOM FAIRLESS

New research by two prominent U.S. academics suggests that Google Inc. is harming Internet users and violating competition laws by skewing search results to favor its own services, a potentially significant twist in Europe’s long-running antitrust investigation of the U.S. search giant.

The research combines statistical testing with detailed legal and economic analysis to examine the ramifications of Google’s practice of promoting its own specialized search services, such as for local restaurants or doctors, at the expense of rivals like Yelp and TripAdvisor.

It was sponsored by Yelp, which has filed a complaint with EU antitrust authorities over Google’s search practices. It was presented to EU regulators on Friday. - Referenced Article


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