Saturday, July 10, 2021

SUN VALLEY DAY CAMP FOR JOE BIDEN'S CRONY BILLIONAIRES - THEY SAY THEY'RE REALLY HURTING. SOME HAVE BEEN REDUCED TO PAYING 3% INCOME TAX

 

Bill Gates Visits Sun Valley for Climate Change Lecture to Jet-Owning Billionaires

Bill Gates at Sun Valley
Kevin Dietsch /Getty
3:18

Bill Gates and Jeff Bezos have both reportedly been spotted at the annual “billionaire summer camp” held in Sun Valley, Idaho, this week. Non-scientist Gates is attending to give a lecture on climate change to the assembled Big Tech Masters of the Universe and media moguls. There have been so many private jets flying in and out of the elite event that the FAA has reportedly delayed incoming planes.

Business Insider reports that Microsoft founder Bill Gates and Amazon founder Jeff Bezos were both spotted in Sun Valley, Idaho, on Thursday as billionaires from around the world flock to the annual conference hosted by the private investment bank Allen & Co. The event has been dubbed the “summer camp for billionaires,” and so many turned up in private jets this year that the FAA had to delay incoming planes.

Bill Gates is a regular attendee but his appearance this year is the first time he’s been at the conference since the announcement of his divorce from Melinda French Gates in May. This is also his first in-person appearance at a major event since the announcement and the first since a number of reports were published about Gates’ allegedly unsavory behavior.

Multiple reports characterized Gates as a womanizer and bully whose actions prompted an investigation by the Microsoft Board in 2019. In a report, Business Insider alleged that the public image many have of Bill Gates as an affable, nerdy, tech genius is actually part of a well-crafted PR campaign.

The real Gates reportedly pursues extramarital affairs with employees and acts as an office bully, according to former executives who spoke out anonymously. Business Insider reported:

Gates was known for swearing and berating underlings. “That’s the stupidest fucking idea I’ve ever heard” became a catchphrase for the CEO. He kept tabs on employees by memorizing their license plates. Gates tried to dilute Microsoft cofounder Paul Allen’s equity in the company because he was “unproductive” while dealing with his first bout of cancer, Allen wrote in his memoir.

The report also includes details of Gates’ various extramarital relationships including his annual vacation with an ex-girlfriend, the software entrepreneur Ann Winblad whom he would spend a long weekend together with every spring at Winblad’s beach cottage in North Carolina.

The Microsoft founder broke work and personal boundaries, too, The New York Times reported. Once, after attending a presentation given by a female Microsoft employee in 2006, he asked her out to dinner by email. “If this makes you uncomfortable, pretend it never happened,” Gates wrote in the email obtained by The Times.

On another occasion, Gates asked a Gates Foundation employee on a date while they were at a cocktail party in New York. “I want to see you. Will you have dinner with me?” he asked her in a low voice, the woman told The Times.

Conference sources have stated that Gates was due to give a speech about climate change at the event on Friday, whether that speech is still happening remains to be seen.

Read more at Business Insider here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or contact via secure email at the address lucasnolan@protonmail.com

In May, Facebook CEO Mark Zuckerberg’s FWD.us hired a former assistant Senate parliamentarian to craft a plan for Democrats that would pass amnesty for illegal aliens through reconciliation.

Democrats, along with some House Republicans, have the support of a large amnesty coalition which includes former President George W. Bush, the U.S. Chamber of Commerce, the Business Roundtable, and a number of Koch brothers-backed organizations.

Already, current immigration levels put downward pressure on U.S. wages

Bill Gates and Jeff Bezos have both reportedly been spotted at the annual “billionaire summer camp” held in Sun Valley, Idaho, this week. Non-scientist Gates is attending to give a lecture on climate change to the assembled Big Tech Masters of the Universe and media moguls. There have been so many private jets flying in and out of the elite event that the FAA has reportedly delayed incoming planes.

Biden Antitrust Executive Order Has Major Giveaway for Tech Giants

Order recommends restoring net neutrality, preventing tech mergers

President Biden Delivers Remarks On His Racial Equity Agenda And Signs Executive Actions
President Biden signs an executive order in Jan. / Getty Images
 • July 9, 2021 4:10 pm

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President Joe Biden on Friday signed a sweeping executive order that targets big tech mergers but includes a provision favored by most tech giants.

The order instructs the Federal Trade Commission to more closely monitor merger attempts by "dominant internet platforms" and to restrict how tech companies can exploit users' personal information. But it also recommends that the Federal Communication Commission restore net neutrality rules, which prevent internet providers from making distinctions among users. Tech giants like Facebook and Amazon support net neutrality because it bars internet providers from charging platforms based on their broadband use.

The order signals the Biden administration's confused approach to big tech regulation. At the signing ceremony, the president called out big tech directly, describing the executive order as an effort to promote "fair competition," one of the administration's priorities. But Biden still has not nominated a nominee for assistant attorney general for antitrust, a major enforcement position. Congress is considering considers legislative proposals to regulate the biggest tech companies, but there is little consensus on what approach to take.

Politico reported that the executive order was shaped in part by Tim Wu, a professor now serving in the Biden administration as a special adviser on economic and tech policy. Wu and FTC chairwoman Lina Khan have been some of the administration's most aggressive voices in calling for increased scrutiny of major tech companies.

Wu is one of the most ardent proponents of net neutrality, a term he coined in 2003. The Trump administration rolled back net neutrality regulations in 2017 in an attempt to increase broadband competition. At the time, Democratic lawmakers and social media giants warned that the change would lead to providers restricting users' internet access and discriminating against certain content providers. Those concerns proved to be overblown, though Facebook and Twitter have recently come under fire for discriminating against conservative content.

One of the order's provisions seems aimed at Amazon. It calls for rules barring internet marketplaces from exploiting their power by copying the products of smaller sellers on their platforms. The order will likely increase regulatory scrutiny of Amazon's planned purchase of MGM Studios.

The order contains a variety of "suggestions" for independent agencies, which prompted accusations from industry groups and think tanks that the administration is pressuring agencies to fall in line. The Information Technology and Innovation Foundation, a think tank that takes funding from big tech companies, said, "The White House is attempting to meddle into the work of federal antitrust agencies."

The order also contains a variety of non-tech related provisions, including a request for the Department of Agriculture to issue additional rules to support small farmers and meatpackers. And it asks the FTC to issue rules banning "unnecessary occupational licensing restrictions," the practice of requiring employees to obtain a license before entering certain industries.


THE 8 YEAR 'HOPE & CHANGE' BANKSTER REGIME OF LAWYER BARACK OBAMA, LAWYER JOE BIDEN AND LAWYER ERIC HOLDER WITNESSED THE GREATEST TRANSFER OF WEALTH TO THE RICH IN MODERN AMERICAN HISTORY. 

THIS IS WHY THE BANKSTERS AND CRIMINALS ON WALL STREET GOT BEHIND THE BIDEN-HARRIS CORPORATIST REGIME NOW IN PLACE.

ARE YOU DOUBTFUL THE RICH ARE GETTING MUCH, MUCH, MUCH RICHER UNDER BRIBES SUCKING LAWYER JOE BIDEN?

DURING THE SO CALLED OBAMA RECOVER, TWO-THIRDS OF ALL JOBS WENT TO FOREIGN BORN. HIGH TECH WORKERS IMPORTED IN TO WORK CHEAP AND ILLEGALS WHO GOT ALL THE OTHER JOBS.

GOOD TIME TO ADD THAT BIDEN HAS DIRECTED HIS ATTORNEY GENERAL TO !NOT! PROSECUTE CORPORATE CRIMINALS. OBVIOUSLY THESE ARE BIDEN'S BIGGEST DONORS.

Report: Joe Biden Promises Wall Street Donors the Status Quo in Private Calls

OLIVIER DOULIERY/AFP via Getty Images

JOHN BINDER

Democrat presidential candidate Joe Biden is promising Wall Street donors the economic status quo that they became used to before President Donald Trump’s administration, according to a report.


 In May, Facebook CEO Mark Zuckerberg’s FWD.us hired a former assistant Senate parliamentarian to craft a plan for Democrats that would pass amnesty for illegal aliens through reconciliation.

Democrats, along with some House Republicans, have the support of a large amnesty coalition which includes former President George W. Bush, the U.S. Chamber of Commerce, the Business Roundtable, and a number of Koch brothers-backed organizations.

Facebook ‘Misplaced’ Key Guidelines on Censoring ‘Dangerous Individuals’

Facebook CEO and founder Mark Zuckerberg testifies during a US House Committee on Energy and Commerce hearing about Facebook on Capitol Hill in Washington, DC, April 11, 2018. / AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)
SAUL LOEB/AFP
2:39

Facebook failed to transfer a key exception to its rules on censoring discussion about “dangerous individuals” to an new system, leading to the guidelines effectively being “lost” for two years, according to an investigation from the company’s quasi-independent “oversight board.”

The oversight board discovered the “misplaced” rule in the course of an investigation of the removal of an Instagram post discussing the solitary confinement of a member of the Kurdistan Workers’ Party (PKK), a left-wing militant group considered to be a terrorist organization by multiple governments. The rules the Masters of the Universe “misplaced” state that posts about the living conditions of an individual should not be censored off Mark Zuckerberg’s platforms.

Via the Oversight Board:

The Board found that Facebook’s original decision to remove the content was not in line with the company’s Community Standards. As the misplaced internal guidance specifies that users can discuss the conditions of confinement of an individual who has been designated as dangerous, the post was permitted under Facebook’s rules.

The Board is concerned that Facebook lost specific guidance on an important policy exception for three years. Facebook’s policy of defaulting towards removing content showing “support” for designated individuals, while keeping key exceptions hidden from the public, allowed this mistake to go unnoticed for an extended period. Facebook only learned that this policy was not being applied because of the user who decided to appeal the company’s decision to the Board.

While Facebook told the Board that it is conducting a review of how it failed to transfer this guidance to its new review system, it also stated “it is not technically feasible to determine how many pieces of content were removed when this policy guidance was not available to reviewers.” The Board believes that Facebook’s mistake may have led to many other posts being wrongly removed and that Facebook’s transparency reporting is not sufficient to assess whether this type of error reflects a systemic problem. Facebook’s actions in this case indicate that the company is failing to respect the right to remedy, contravening its Corporate Human Rights Policy (Section 3).

The Oversight Board overturned the removal of the Instagram post, concluding that even with the misplaced guidelines, discussion of a dangerous individual’s solitary confinement would not be a breach of Facebook’s rules.

Allum Bokhari is the senior technology correspondent at Breitbart News. He is the author of #DELETED: Big Tech’s Battle to Erase the Trump Movement and Steal The Election.

Microsoft Exemption From Antitrust Bill Followed Company Donation to Top Democrat

Rhode Island congressman David Cicilline swore off big tech money in 2019

Rep. David Cicilline/ Youtube Screenshot
 • June 24, 2021 11:35 am

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Rep. David Cicilline (D., R.I.) exempted Microsoft from a bill he sponsored to regulate big tech three months after he received $5,800 in donations from Microsoft president Brad Smith, FEC filings show.

Cicilline's decision to accept the money marked an about-face for the Rhode Island congressman, who swore off big tech money in 2019. Cicilline is the lead sponsor of the American Choice and Innovation Online Act, which would ban tech companies above a certain size from using their platforms to unfairly promote their own products. The bill originally applied to platforms with 500,000 monthly active users. Earlier this month, the threshold was quietly changed to 50 million active users, a change that would exempt Microsoft.

Cicilline did not explain why the bill text had changed to exclude Microsoft. But the donation from Microsoft’s CEO raises questions of how much influence tech companies have over bills designed to regulate their industry. In 2019, Cicilline announced he would not take money from big tech companies.

On Wednesday, the House Judiciary Committee debated a package of bills that would force big tech companies to provide data to competitors and give the Federal Trade Commission more tools to regulate them. Rep. Thomas Massie (R., Ky.) displayed an early draft of the bill marked "confidential Microsoft" obtained from a whistleblower, and suggested that Microsoft had received an early copy. Rep. Zoe Lofgren (D., Calif.) proposed an amendment that would make Microsoft subject to the bill once again, which was defeated in an 18-25 vote.

Brad Smith has bragged about his company’s close ties to the Hill, telling CNBC "there are times when I call people who I don’t personally know, and somebody will say ‘you know, your folks have always shown up for me at my events. And we have a good relationship. Let me see what I can do to help you.’" When Microsoft attempted to buy TikTok, Smith personally called dozens of lawmakers to push the bid through.

As pressure on tech from Washington has increased over the past year, so has aggressive lobbying from big tech companies. Apple CEO Tim Cook reportedly called Nancy Pelosi on Tuesday to complain that the antitrust bills were rushed. The bills are the products of an 18-month House investigation into market power in the tech industry.

The lobbying pressure has not gone unnoticed on the Hill. In a June 22 Senate hearing, Senator Mike Lee (R., Utah) was visibly frustrated as he blasted "well compensated lobbyists and their nonprofit proxies" who "pervert conservative economic and legal philosophy into a defense of big tech monopoly." Facebook and Amazon are now the largest corporate lobbying spenders in the country.

Cicilline’s spokesman claimed in April 2021 that he does not accept money from executives at tech firms. At the time, Politico noted that Cicilline had received $1,000 from a lobbyist for Apple. Smith has praised Cicilline in the past.

Microsoft has recently censored terms offensive to the Chinese Communist Party, including "Tiananmen Square" and "tank man," from its search engine Bing. It also banned discussion of the "lab leak" hypothesis from LinkedIn, the social networking platform it owns.

Published under: Big TechCampaign FinanceMicrosoft

MODERN SLAVER JEFF ' BEZOSHEAD' BEZOS IS ONE OF BIDEN'S BIGGEST DONORS

Biden Admin Tells Struggling Small Businesses To Work More With Amazon

U.S. Commercial Service partners with Big Tech to promote international trade

Amazon CEO Jeff Bezos speaks at the White House in 2016 / Getty Images
 • June 23, 2021 5:00 am

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The federal government is steering small businesses to do more business with Amazon to help them recover from the economic crisis prompted by the pandemic.

The U.S. Commercial Service, a trade promotion agency, is hosting a series of "Go Global" webinars with Amazon in June to teach small businesses to access markets in Singapore and the United Arab Emirates by becoming sellers on the e-commerce behemoth. Some entrepreneurs are crying foul, blaming Amazon as the source of their woes.

Gina Schaefer opened up her first hardware store in Logan Circle, Washington, D.C., in 2003. Alongside her husband, she expanded the business to 13 locally owned hardware stores, employing roughly 300 people in the D.C., Maryland, and Virginia metro areas. She said a retailer like Amazon is the last place to which the federal government should turn to help small businesses.

"The larger Amazon has gotten, the fewer number of independent businesses we have," Schaefer told the Washington Free Beacon. "One by one industries have been picked off by predatory pricing and overlooked government regulations to the point where starting a new business, at least in the retail sector, is nearly impossible."

The agency's webinars with Amazon are designed to get clients for the web giant. The lessons on offer at the June 15 event included helping businesses create Amazon Global Accounts. A follow-up webinar in July will teach entrepreneurs how to not only team up with Amazon but also with U.S. trade authorities.

"We will cover … how to sign up for a [Amazon] Global Seller Account … [and] the role the U.S. Commercial Service plays in providing comprehensive export counseling to support your global business strategy," the event page says. "We'll connect you … to explore free resources and government funding to support your e-Commerce and export-related activities."

In response to Amazon's growing market dominance, small businesses are forming coalitions seeking to leverage anti-trust legislation to ensure that they are not crushed. Schaefer, a member of the Small Business Rising coalition, said the Commercial Service partnership with Amazon will further undermine small businesses as they struggle in the post-lockdown economy to stay independently viable. Like many other small business owners in retail, she supports the idea of Amazon being broken up.

"No one ever envisions that street empty or only populated by a soulless Amazon store.  Yet businesses are failing at alarming rates now, in large part to concentrated market power," Schaefer said.

Amazon has maintained close ties with American trade officials over the years. It employed 28 lobbyists working on trade issues in 2020 and 2021 as part of its multimillion-dollar influence operation, according to federal lobbying records. Seven of those lobbyists held high-ranking trade-related positions at the federal government, including at the U.S. Commercial Service and the Office of the U.S. Trade Representative, before joining the Silicon Valley giant. Its leadership has also been closely allied to Democrats, with employees contributing more than $2 million to the Biden campaign and 75 percent of its donations going to benefit Democrats, according to the Center for Responsive Politics.

Representatives from the U.S. Commercial Service and Amazon did not respond to requests for comment.

Small business advocates say that the mass closures of mom-and-pop stores during the pandemic require bold steps from lawmakers. Sarah Crozier, of Main Street Alliance, faulted the Biden administration for promoting Amazon rather than cracking down on alleged market manipulations.

"The federal government is critical to help level the playing field for small businesses by improving anti-monopoly protections against giants like Amazon and creating opportunity for small businesses," Crozier said.

Some lawmakers have begun speaking out against Amazon's sway within the administration and on Capitol Hill. Rep. Ralph Norman (R., S.C.) said Amazon has not proven to be a faithful business partner to the third party sellers that populate its website.

"From motor oil to children's clothing, we need to know if the oddly random (and growing) list of Amazon's own products were identified and developed by exploiting sales & product data from its third party sellers. And we need to know why there are countless reports of retaliatory and anti-competitive conduct from Amazon," Norman said. "On multiple fronts, Amazon has given us plenty to be concerned with. Congress needs answers about the rampant reports of harmful and monopolistic behavior from that company."


Bill Gates gives speech demanding action on climate change to moguls who flew into Sun Valley on private jets: Michael Bloomberg, Anderson Cooper and Diane von Furstenberg enjoy penultimate day of 'billionaire summer camp'

  • Bill Gates on Friday gave a speech about climate change to billionaires and millionaires gathered in Sun Valley, Idaho
  • So many of the attendees flew in on private jets, to hear the climate change talk, that the air space from as far afield as Michigan and Canada had to be temporarily closed  
  • The annual event, now in its 37th year, has drawn its usual gathering of luminaries from tech, industry, media and sport
  • Among those attending this year are the world's richest man Jeff Bezos, Apple CEO Tim Cook, CIA director Bill Burns, Disney chairman Bob Iger and Facebook founder Mark Zuckerberg
  • The group have had sessions on public health, criminal justice reform and the global economy
  • The meeting concludes on Saturday with a discussion with 90-year-old Warren Buffett 

Bill Gates on Friday told his fellow billionaires that more needed to be done to combat climate change during an address at the annual Sun Valley conference in Idaho.

With many of his fellow captains of industry, entertainment and technology having flown in by private jet, Gates told them the problem was real. 

The busy private jet traffic on Tuesday saw the U.S. Federal Aviation Administration bring in restrictions on air traffic control, temporarily banning other planes from the country's West Coast to as far as Michigan and Canada from departing.

Gates has in the past defended his use of private jets, insisting he took steps to mitigate their damage.

While promoting his book How to Avoid a Climate Disaster in February, Gates said: 'I am offsetting my carbon emissions by buying clean aviation fuel and funding carbon capture and funding low cost housing projects to use electricity instead of natural gas and so I have been able to eliminate it and it was amazing to me how expensive that was, that cost to be green... we've got to drive that down.' 

Gates, 65, attended the 37th annual gathering without his estranged wife Melinda, following their May divorce announcement.

On Thursday he was seen strolling the grounds of the Idaho resort with Evan Greenberg, president and CEO of insurance giant Chubb.

The pair were spotted near where he and other titans of tech, media and industry gathered for lunch on Thursday - among them Facebook founder Mark Zuckerberg, Apple CEO Tim Cook, Nike co-founder Phil Knight, and Amazon CEO Jeff Bezos.

Gates, who announced in May that he is divorcing his wife of 27 years, Melinda French Gates, was seen at the Sun Valley conference with Evan Greenberg, the president and CEO of global insurance giant Chubb Limited
Gates, who announced in May that he is divorcing his wife of 27 years, Melinda French Gates, was seen at the Sun Valley conference with Evan Greenberg, the president and CEO of global insurance giant Chubb Limited

Gates, who announced in May that he is divorcing his wife of 27 years, Melinda French Gates, was seen at the Sun Valley conference with Evan Greenberg, the president and CEO of global insurance giant Chubb Limited

Jeff Bezos' Gulfstream G650 could be seen arriving at Idaho's Friedman Memorial Airport on Tuesday. Bezos was spotted on Thursday at the event with his girlfriend Lauren Sanchez

Jeff Bezos' Gulfstream G650 could be seen arriving at Idaho's Friedman Memorial Airport on Tuesday. Bezos was spotted on Thursday at the event with his girlfriend Lauren Sanchez

Private jets are seen lined up at the air field in Sun Valley on Wednesday, where a discussion on climate change was held on Friday

Private jets are seen lined up at the air field in Sun Valley on Wednesday, where a discussion on climate change was held on Friday

Jeff Bezos and his girlfriend Lauren Sanchez were spotted on Thursday arriving in Idaho
Bezos and Sanchez were seen chatting to other invitees as they arrived at the exclusive gathering

Jeff Bezos and his girlfriend Lauren Sanchez were spotted on Thursday arriving in Idaho

Michael Bloomberg, the former mayor of New York City, is seen on Friday in Idaho. He was walking beside Bob Scully, CEO of Chubb, who was holding a copy of Bill Gates' book. Gates addressed the conference on Friday

Michael Bloomberg, the former mayor of New York City, is seen on Friday in Idaho. He was walking beside Bob Scully, CEO of Chubb, who was holding a copy of Bill Gates' book. Gates addressed the conference on Friday 

Ted Sarandos, the co-founder of Netflix (in the blue zip-up sleeveless jacket) and Robert Kraft, chief executive officer of the New England Patriots (second left) are seen at the conference on Friday

Ted Sarandos, the co-founder of Netflix (in the blue zip-up sleeveless jacket) and Robert Kraft, chief executive officer of the New England Patriots (second left) are seen at the conference on Friday

Michael Larson, Bill Gates' money manager, was seen on Friday at the event - the day his boss spoke about climate change. Larson was wearing his customary pink shirt. So fond is he of the attire, Gates held a party to celebrate their 20 years working together - and told all the invitees to wear pink or platinum

Michael Larson, Bill Gates' money manager, was seen on Friday at the event - the day his boss spoke about climate change. Larson was wearing his customary pink shirt. So fond is he of the attire, Gates held a party to celebrate their 20 years working together - and told all the invitees to wear pink or platinum

Bezos was spotted on Thursday evening laughing happily beside girlfriend Lauren Sanchez, having relinquished the reins of Amazon three days earlier. Bezos is no longer CEO - a role now taken by Andy Jassy - and instead is chairman of the company.

World's 10 richest men 

As of Tuesday:  

  1. Jeff Bezos: $211B 
  2. Elon Musk: $181B
  3. Bernard Arnault: $169B
  4. Bill Gates: $147B
  5. Mark Zuckerberg: $131B 
  6. Larry Page: $115B 
  7. Sergey Brin: $111B 
  8. Warren Buffett: $101B 
  9. Steve Ballmer: $99.8B 
  10. Larry Ellison $96.3B 

  Source: Bloomberg Billionaire Index

On July 20 Bezos will jet into space for an 11 minute ride with his company, Blue Origin. His British rival in the space race, Sir Richard Branson, has announced he is going into space on July 11 - beating Bezos by 11 days.

Branson has not been spotted at the Sun Valley conference and is believed to be in the midst of final preparations for the historic journey.

On Friday afternoon, the group participated in another session focused on leadership during troubled times, according to a schedule obtained by Variety.

Among the attendees are CIA director Bill Burns, and his predecessor David Petraeus, who ran the agency from September 2011 for a year.

Michael Bloomberg, the former mayor of New York and presidential candidate, is also in attendance this year. 

On Saturday, James Baker III, former secretary of state, will interview Berkshire Hathaway chief Warren Buffett for the traditional closing session with the Oracle of Omaha.

Buffett, 90, on Wednesday saw his stake in Apple jump in value to $128billion, thanks to the iPhone maker's stock price closing at a record high. The investor has more than tripled his money on Apple in the past three years - but he would have quadrupled it if he didn't sell a chunk of the holding. 

Variety reported that sessions at the conference, which began on Tuesday and runs until Saturday were held outdoors. 

On Wednesday the conference kicked off with a presentation on e-commerce by Shopify by CEO Tobias Lutke, and a general discussion of the global economic climate. 

A session on criminal justice reform was also on the agenda, as was immigration reform.

On Thursday, Allen & Co. regulars Barry Diller and his wife, fashion designer Diane von Furstenberg, held a session on creativity.

Barry Diller, 79, is seen here with his wife, designer Diane von Furstenberg, at the conference on Friday

Barry Diller, 79, is seen here with his wife, designer Diane von Furstenberg, at the conference on Friday

Barry Diller is behind major blockbusters such as Saturday Night Fever and Raiders of the Lost Arc. He strolled into the tech conference in Idaho with his wife Diane von Furstenberg on Friday

Barry Diller is behind major blockbusters such as Saturday Night Fever and Raiders of the Lost Arc. He strolled into the tech conference in Idaho with his wife Diane von Furstenberg on Friday

Diller speaks to the media on Friday at the Allen & Company Sun Valley Conference in Idaho

Diller speaks to the media on Friday at the Allen & Company Sun Valley Conference in Idaho

A sign is seen at the entrance to the Sun Valley Resort ahead of the Allen & Company Sun Valley Conference

A sign is seen at the entrance to the Sun Valley Resort ahead of the Allen & Company Sun Valley Conference

The annual invite-only conference is thrown by investment bank Allen & Company

Technicians setup inside the Sun Valley Pavilion ahead of the Allen & Company Sun Valley Conference

Technicians setup inside the Sun Valley Pavilion ahead of the Allen & Company Sun Valley Conference

Diller - a Hollywood icon who was the former CEO of both Paramount and what was 20th Century Fox, which is now part of Disney - said streaming services killed the film industry. 

'The movie business is over,' said Diller, 79, in an exclusive interview with NPR on the sidelines of the conference on Friday. 

'The movie business as it was before is finished and will never come back. 

'The definition of movie is in such transition it doesn't mean anything anymore.'

Movie-making has become less of an art form and more of a factory-like production pushing quantity over quality to supplement other services, Diller said. 

Von Furstenberg has put on a typically stylishly display over the course of the week - although she has been regularly upstaged by Alice + Olivia co-founder Stacey Bendet, whose colorful and flamboyant ensembles made a welcome change from the polo shirts, chinos, and Mark Zuckerberg's $35 Adidas slides. 

Alice + Olivia fashion designer Stacey Bendet was spotted on Friday
Bendet put on a typically colorful display

Stacey Bendet, the creative director of Alice + Olivia fashion label, put on a colorful display on Friday

Anderson Cooper, the CNN anchor, was at the annual gathering on Friday

Anderson Cooper, the CNN anchor, was at the annual gathering on Friday

Amy Vogel, of blood purification company CytoSorbents Corporation, was seen on Friday
Sharine Sawiris, wife of Egyptian billionaire Nassef Sawaris, is seen on Friday

Amy Vogel, of health company CytoSorbents Corporation (left) and Sharine Sawaris, wife of Egyptian billionaire Nassef Sawaris (right) both made an appearance on Friday

Mala Gaonkar, co-portfolio manager of Lone Pine Capital, was seen with her heavily-anoted files

Mala Gaonkar, co-portfolio manager of Lone Pine Capital, was seen with her heavily-anoted files

Mike Speiser, a managing partner at venture capital firm Sutter Hill Ventures, is seen on Friday

Mike Speiser, a managing partner at venture capital firm Sutter Hill Ventures, is seen on Friday

Shari Redstone, CEO of ViacomCBS and daughter of Sumner Redstone - Viacom's founder, who died last year aged 97. She is seen on Friday with Dana Blumberg, an eye surgeon and the girlfriend of Robert Kraft, New England Patriots CEO

Shari Redstone, CEO of ViacomCBS and daughter of Sumner Redstone - Viacom's founder, who died last year aged 97. She is seen on Friday with Dana Blumberg, an eye surgeon and the girlfriend of Robert Kraft, New England Patriots CEO

Jennifer Witz, CEO of Sirius XM, is seen with Josh Witz Allen on Friday

Jennifer Witz, CEO of Sirius XM, is seen with Josh Witz Allen on Friday

Pilar Queen (left), wife of journalist Andrew Ross Sorkin, is spotted on Friday in Idaho

Pilar Queen (left), wife of journalist Andrew Ross Sorkin, is spotted on Friday in Idaho

Meg Lawler, director of the Sun Valley conference, is seen with Ted Weschler, investment manager at Berkshire Hathaway

Meg Lawler, director of the Sun Valley conference, is seen with Ted Weschler, investment manager at Berkshire Hathaway

Erica Hauver, an expert on Keto Nutrition Therapy and chronic disease reversal, is seen with Richard Reeves, the British economist

Erica Hauver, an expert on Keto Nutrition Therapy and chronic disease reversal, is seen with Richard Reeves, the British economist

David Weinberg, director of the Coca-Cola Company, is seen in Idaho on Friday

David Weinberg, director of the Coca-Cola Company, is seen in Idaho on Friday

Media moguls in attendance included Netflix co-CEOs Reed Hastings and Ted Sarandos, ViacomCBS chair Shari Redstone, Disney chairman Bob Iger and WarnerMedia CEO Jason Kilar.

Discovery CEO David Zaslav was spotted at the resort, as well as CNN anchor Anderson Cooper, CBS presenter Gayle King, actress Candice Bergen and film and television producer Brian Grazer.

Jennifer Witz, the CEO of Sirius FM, was also spotted. 

The world of sports was represented by Robert Kraft, chief executive officer of the New England Patriots. 

From the world of finance, Mala Gaonkar, co portfolio-manager of Lone Pine Capital, was seen with heavily-noted papers; Ted Weschler, investment manager at Berkshire Hathaway was spotted talking to Meg Lawler, director of the annual event; while Mike Speiser, a managing partner at venture capital firm Sutter Hill Ventures, was also in attendance.

Israeli-American venture capitalist Vivi Nero was spotted on Friday, as was Gates' money manager, Michael Larson. David Velez, CEO of Nubank, was also in attendance.

Richard Reeves, a British economist at the Brookings Institute, was also present, as was David Weinberg, chairman of the Coca-Cola Company. 

In healthcare, Amy Vogel, of blood purification company CytoSorbents Corporation, was seen on Friday, as was Erica Hauver, an expert on Keto Nutrition Therapy and chronic disease reversal. 

From the legal world, Mike Keating of Foley Hoag was represented. 

Mike Keating, a lawyer with Foley Hoag, and his wife Marty are seen arriving for Friday's session

Mike Keating, a lawyer with Foley Hoag, and his wife Marty are seen arriving for Friday's session

Vivi Nevo, an Israeli-American venture capitalist, is seen on Friday at the Idaho event

Vivi Nevo, an Israeli-American venture capitalist, is seen on Friday at the Idaho event

Film director Justin Kelly was also seen at the event on Friday

Film director Justin Kelly was also seen at the event on Friday

David Velez, CEO of Nubank, is seen on Friday

David Velez, CEO of Nubank, is seen on Friday

Tim Cook, the CEO of Apple, flashes a victory sign as he appeared on the third day of the conference in Sun Valley, Idaho

Tim Cook, the CEO of Apple, flashes a victory sign as he appeared on the third day of the conference in Sun Valley, Idaho

Bob Iger, the chairman of the Walt Disney Company, waves at the media as he walks into Thursday's session

Bob Iger, the chairman of the Walt Disney Company, waves at the media as he walks into Thursday's session

Stacey Bendet, chief executive officer and creative director of New York-based fashion label Alice + Olivia, makes a colorful appearance at Thursday's gathering. She wore unusual platform Nike sneakers

Stacey Bendet, chief executive officer and creative director of New York-based fashion label Alice + Olivia, makes a colorful appearance at Thursday's gathering. She wore unusual platform Nike sneakers

CEO of Facebook Mark Zuckerberg (right) walks with COO of Facebook Sheryl Sandberg (center) and former White House Office of National Drug Control Policy advisor Kevin Sabet (left) after a session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho on Thursday

CEO of Facebook Mark Zuckerberg (right) walks with COO of Facebook Sheryl Sandberg (center) and former White House Office of National Drug Control Policy advisor Kevin Sabet (left) after a session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho on Thursday

Zuckerberg and Sandberg were photographed on the same day that a bombshell New York Times report claimed that their relationship has been strained due to disagreements that arose during Donald Trump’s presidency

Zuckerberg and Sandberg were photographed on the same day that a bombshell New York Times report claimed that their relationship has been strained due to disagreements that arose during Donald Trump's presidency

Billionaire summer camp: The Sun Valley attendees and their estimated net worths

Tim Cook - Apple CEO: $1.4B 

Mark Zuckerberg - Facebook CEO: $127B  

Bill Gates - Microsoft co-founder: $128.9B 

Jeff Bezos - Amazon founder: $201.8B 

Robert Kraft - New England Patriots owner: $6.9B

Sheryl Sandberg - Facebook COO: $1.9B

 Reed Hastings - Netflix Co-CEO: $5.3B

Ted Sarandos - Netflix co-CEO: $250M

Gayle King - CBS News: $40M

Anderson Cooper - CNN: $200M

John Donahoe - Nike CEO: $135M

Michael Eisner - ex-Disney CEO: $1B

Shari Redstone - ViacomCBS Chairwoman: $500M

Stacey Bendet - Alice + Olivia CEO: $1M

Bob Iger - Disney board Chairman: $690M

Ken Langone - Businessman/investor: $5.6B

Lorenzo Mendoza - Empresas Polar CEO: $1.4B

Andy Jassy - Amazon CEO: $500M

Robert Kotick - Activision Blizzard CEO: $600M

Doug McMillon - Walmart CEO: $247M

Barry Diller - IAC Chairman:  $3.7B

Donald Graham - ex-Washington Post Publisher: $311M

Andrew Ross Sorkin - CNBC: $10M

Michael Neidorff - Centene Corporation CEO: $553M 

Brian Grazer - Imagine Entertainment producer: $400M

Eric Lefkofsky - Groupon co-founder: $4.2B

Henry Kravis - KKR & Co. Inc co-founder: $8.2B 

Mike Bloomberg - Businessman/philanthropist: $59B

Greg Maffei - Liberty Media CEO: $125M

Brian Kelly - Activision Blizzard Inc: $1.96B

David Zaslav - Discovery Communications CEO: $124M

Jason Kilar -  WarnerMedia CEO: $200M

Jeff Shell - NBCUniversal CEO: $23M

Brian Roberts - Comcast CEO: $2B

Hans Vestberg - Verizon CEO: $26M

Tim Armstrong - ex-AOL CEO: $450M

Bob Chapek - Disney CEO: $335M

Mike Cavanagh - Comcast CFO: $31.9M

Adriana Cisneros - Grupo Cisneros CEO: $4B

Anthony Noto - SoFi CEO: $87M

Marne Levine - Facebook: $3.1M

Bret Taylor - Salesforce COO: $278M

Ned Segal - Twitter CFO: $60M

Michael Ovitz - businessman/ex- talent agent: $500M

Mickey Mikitani - Rakuten CEO: $7B

Ynon Kreiz - CEO of Mattel: $18.4M

Candice Bergen - actress: $50M

Rob Manfred - MLB Commissioner: $30M

David Patraeus - Former CIA Director: $2M 

Max Levchin - Paypal co-founder: $1.8B

 Stan Druckenmiller - Duquesne Capital: $5.6B

Frank Slootman - CEO of Snowflake: $2B

Mike Berman - Washington lobbyist: $2.3M

Bill McDermott - ServiceNow CEO: $76M

 

Bloomberg, Cooper and von Furstenberg enjoy penultimate day of Sun Valley 'billionaire summer camp'

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