Photo: Mat Hayward/Getty Images
Ben Horowitz of venture capital firm Andreessen Horowitz will not stand for re-election to Lyft's board of directors, the company disclosed Monday.
Why it matters: Horowitz joined the board in 2016 to replace a fellow Andreessen Horowitz partner who stepped back. The VC firm was one of the earliest investors in Lyft.
The company has not announced a nominee to replace Horowitz yet.
Photo: Drew Angerer/Getty Images
Facebook CEO Mark Zuckerberg argued on CNBC's "Squawk Box" Thursday that social media platforms should not police political speech, and that "people should be able to see what politicians say.”
Why it matters: Zuckerberg was responding to Twitter's decision this week to fact-check a pair of President Trump's tweets that claimed that mail-in ballots are "substantially fraudulent." Twitter's label, which directs users to "get the facts" about mail-in voting, does not censor Trump's tweets.
Speaker Nancy Pelosi. Photo: Saul Loeb/AFP via Getty Images
House Democrats pulled legislation Thursday that would have renewed expired domestic surveillance laws and strengthened transparency and privacy protections amid broad opposition from President Trump, House GOP leadership and progressive Democrats.
Why it matters: The failure to reauthorize the Foreign Intelligence Surveillance Act (FISA) comes as Trump continues to attack the intelligence community, which he claims abused the law to surveil his 2016 campaign and Trump administration officials.
The U.S. economy shrunk by an annualized 5% in the first quarter — worse than the initially estimated 4.8% contraction — according to revised figures released by the government on Thursday.
Why it matters: It's the worst quarterly decline since 2008 and shows a huge hit as the economy was just beginning to shut down because of the coronavirus. Economists are bracing for the second quarter's figures to be the worst ever — with some projecting an annualized decline of around 40%.