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Situational awareness: Devin Wenig has stepped down as Ebay's president and CEO, WSJ reports. CFO Scott Schenkel will step in as interim CEO as the company searches for Wenig's replacement.
Today's Login is 1,137 words, a 4-minute read.
Illustration: Sarah Grillo/Axios
The uniquely European "right to be forgotten" will be limited to that continent, per a ruling by the European Union's top court on Tuesday.
Driving the news:
History lesson: A 2014 ruling granted European citizens the right to ask search engines to remove sensitive or outdated information from listings about their past. The French government wanted the ruling to be applied globally.
Between the lines: Many people inside and outside of Europe question the wisdom and legitimacy of the right to be forgotten.
What's at stake: The debate balances two important ideas — the understandable human desire to be able to start afresh against society's interest in keeping an accurate record of people's actions in the past.
Our thought bubble: The well-intentioned law aims to keep people's mistakes from living forever online. But at a time where we are having enough trouble learning the lessons of history, giving anyone the right to erase the past might cause more problems than it solves.
Adam Neumann. Photo: Michael Kovac/Getty Images for WeWork
As had been speculated would happen this week, Adam Neumann ceded his role as CEO of WeWork's parent company on Tuesday, though he will remain non-executive chairman of The We Company.
Why it matters: Neumann's exit is seen as one needed step if WeWork's IPO is going to have any chance at proceeding. However, his departure may prove necessary but not sufficient — as many would-be investors still have concerns over the company's core business.
A group of recent Stanford Threshold Venture Fellows. Photo: Heidi Roizen
There are lots of classes in Stanford's engineering school that will help would-be founders learn skills like growth hacking and finding a product-market fit. But what about the ethics needed to become a truly good entrepreneur?
Stanford's Tom Byers and Tina Seelig saw the gap 5 years ago and set up a fellowship program for Masters students at Stanford, enlisting veteran venture capitalist Heidi Roizen, then a partner at DFJ, to help it get off the ground.
Why it matters: As the record of startup meltdowns in recent years (Uber, Theranos, et al.) has shown, the need for such training is huge.
It's not just ethics that make the job hard, Roizen says. She notes that many founders naively launch a company without fully understanding how isolating the job is, how much pressure they will be under or how likely they are to fail.
"These jobs are really hard," Roizen said.
Between the lines: There's real debate over whether successful startups need to break rules to change the world.
What's next: The program is accepting applications through Oct. 31 for its next class of fellows.
Smaller competitors to Google and Facebook that for years kept their legal grievances about the companies silent are beginning to speak up, as regulators crank up probes into anti-competitive behavior by the 2 Silicon Valley giants.
Why it matters: Many smaller tech companies once hesitated to call foul on Facebook and Google's dominance, fearful that doing so would make them look weak or unable to compete, Axios' Sara Fischer reports. Now that regulators are reaching out for information, more smaller rivals are stepping up.
Driving the news: Facebook competitors, including Snapchat, are gathering intelligence for Federal Trade Commission officials about ways the tech giant may have exploited its dominance to punish Snapchat, the Wall Street Journal reports.
Be smart: A similar scenario broke out earlier this year with YouTube when the Justice Department was considering an antitrust investigation into Big Tech companies.
The big picture: A Senate Judiciary Committee antitrust subcommittee hearing Tuesday looked at whether big tech platforms' acquisitions of smaller rivals posed a problem for the digital marketplace.
Meanwhile, per the New York Times, the House Judiciary Committee has requested information from more than 80 companies about how they may have been harmed by Facebook, Google, Apple, or Amazon.
Who wants a sea otter cam? Silly question, we all do.