He isn't the richest person in the world (yet), but Mark Zuckerberg has surpassed Oracle founder Larry Ellison as the richest dude in Cali: The Facebook co-founder added $18 billion to his nest egg in the past year (it now totals about $51 billion) "riding a 52% surge in the value of the social networking site’s shares," reports Forbes. He's also the youngest in the top 10. Who's the richest person in your state?
Whole Foods opened "an innovative new food store" in a "millennial-rich" section of Los Angeles, as Fortune puts it. It's called 365, and CNBC pundit Josh Brown says they missed a golden opportunity to call it "Half Foods." Early reports from the field say the store evokes a sort of Trader Joe's without the tiki theme, Costco without the forklifts, and Starbucks without Starbucks. The main organizing concept: Low prices.
Foxconn must be reading Vivek Wadhwa: The company which makes Apple (and Samsung and other) devices in China has reportedly replaced 60,000 workers with robots. This allows us to mention Donald Trump (who has stumped on making Apple manufactured in the United States) and Wadhwa, who reluctantly agreed Trump was right — IF he was talking about robots.
Microsoft is hanging up: Of the 25,000 workers that came with Nokia — "one of the costlier missteps in Microsoft’s history," as the New York Times puts it — very few remain. Now up to 1,850 more workers are being let go from what remains of the smartphone division. Here's why: Windows phones accounted for a scant 1% of the market in the first quarter of 2016. Here's VP for Windows Phone Joe Belfiore in happier times (Photo by Justin Sullivan/Getty Images):
Eleven states have sued the Justice Department for the interpretation of a sex discrimination statute it invoked to provide "significant guidance" that require public schools to allow transgender students to use a bathroom in accordance with their gender identity. The suit alleges the administration had "conspired to turn workplaces and educational settings across the country into laboratories for a massive social experiment."
