Bloomberg Businessweek

Oculus’s Iribe Leaves Facebook, Blackstone Lands $20 Billion From Saudis, Premier Lacrosse League

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Sinopsis

Bloomberg News Tech Reporter Sarah Frier explains why Facebook is losing another long-tenured founder from an acquired company as Brendan Iribe, who was the chief executive officer of Oculus VR when Facebook bought it in 2014, steps down. Gillian Tan, Bloomberg News Senior Reporter, discusses how Blackstone reduced fees for Saudi Arabia to get a commitment to help build the world’s largest infrastructure fund. Bryant VanCronkhite, Senior Portfolio Manager at Wells Fargo Asset Management, discusses investing in small and mid-cap stocks. Paul Rabil, Major League Lacrosse player, talks about creating the Premier Lacrosse League. And we Drive to the Close of the market with Michael Sheldon, Chief Investment Officer at RDM Financial.Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan