Happy Monday everyone! Here's the buzziest tech news from over the weekend to start your week:
Facebook launches Craigslist competitor
On Monday Facebook announced that it is launching a Craiglist competitor called Marketplace that allows people to buy and sell stuff. It is going to get a dedicated tab at the top of your Facebook page, Recode reports, and is part of a bigger push to give people more reasons to spend time on the app.
Marketplace is available starting Monday in the United States, United Kingdom, Australia and New Zealand.
How Facebook is playing a big role in the 2016 election
The Wall Street Journal says spending on political ads on Facebook Inc. could surpass spending on Google this year, reversing a historical pattern. This is a reflection on Facebook's "vast reach" and micro-targeting abilities, the Journal says.
"For campaigns striving to get supporters to the polls, as well as change minds, this ability to 'micro-target' is manna from heave," the Journal says. Both presidential candidates - Donald Trump and Hillary Clinton - are aggressively using the site to target voters.
The New Yorker profiles Sam Altman, the head of Y Combinator
If you're in the mood for a delicious long read, check out the New Yorker's profile of the head of famous Silicon Valley startup accelerator Y Combinator. There are a lot of fun descriptive lines, such as: "Even in a Valley that worships productivity, he is an outlier, plowing through e-mails and meetings as if strapped to a time bomb, his unblinking stare speeding up colleagues until they sound like chipmunks."
They story explores the depths of Altman's amibition and the outsize influence Y Combinator has on the Valley and on tech startups generally. Collectively, Y Combinator's stake in the companies it produces is worth about $80 billion, and that the accelerator program has 11 graduates worth at least a billion. The average stake that they have in their startups is 3 percent.
Google's hardware event is tomorrow: what to expect
Recode has a preview of what to expect at tomorrow's Google hardware event. Their predictions include: new wi-fi routers, pixel phones, Chromecast with 4K video support, Daydream VR, which makes it easier to have VR experiences through your smartphone.
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