The tech industry's dirty little secret
Axios business editor Dan Primack weighs in on the Google employee memo that gained so much buzz over the weekend:
- The narrative: "In the course of a summer, Silicon Valley's reputation has devolved from progressive meritocracy to sexist cesspool."
- What's really happening: "All of these incidents reveal a dirty secret about America's technology industry: It is comprised of people who live in America. As such, it is prone to many of the same cultural flaws inherent in other industries and communities. Sexism. Racism. Intolerance of dissenting views, let alone interest in debating for the sake of greater knowledge."
- Why it matters: "America's five most valuable companies are each tech outfits ... That its troubles are representative of our broader societal ills may be logical, but it is not comforting."
- Read it all here.
Bonus Silicon Valley clicker: Noted Trump supporter Peter Thiel has reportedly described the Trump administration as "incompetent" at multiple points this year, per BuzzFeed News' Ryan Mac.
What you missed
- Eric Bolling update: The suspended Fox News host posted today that he's "overwhelmed" by the support he's gotten after facing multiple allegations of sexual harassment. Details.
- The "most likely survivors of Amazon": Why a Morningstar analyst says Lowe's, Costco and Walmart have a shot. The argument.
- "Under no circumstances": North Korea is responding defiantly to the U.S. Read it.
- More hits to 500 Startups: Dan Primack has the latest on how the tech firm handled sexual harassment accusations against firm founder Dave McClure. Excerpts.
- The Senate's two Russia probes: Senate Judiciary Chair Chuck Grassley is pushing the probe along. Quotes.
1 seasonal thing
Why ecologists argue more wildfires should be left to burn.