Why did Jason Calacanis sell all his Facebook stock?
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Description
Investor, author and serial entrepreneur Jason Calacanis talks with Recode's Kara Swisher about recent tech news stories, including Tesla's Q1 earnings, Facebook's data privacy scandal and Uber's rebound from a series of scandals. Calacanis, an early Uber investor and personal friend of ex-CEO Travis Kalanick, says chief U.S. rival Lyft missed its opportunity to capitalize on those "unforced errors" and now "the window has closed." He also talks at length about why he sold all his shares of Facebook last year when the stock was well below current levels: In part, Calacanis says, it's because CEO Mark Zuckerberg has been "completely immoral," both with his own products and with his willingness to copy those of other companies, such as Snapchat.
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