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Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.


  • After investing in Zappos in 1999 and running the online shoe seller, he sold the company to Amazon in 2009 for about $1.2 billion, where he stayed until stepping down in August.

Zappos has published a statement which reads, in part:

The world has lost a tremendous visionary and an incredible human being. We recognize that not only have we lost our inspiring former leader, but many of you have also lost a mentor and a friend. Tony played such an integral part in helping create the thriving Zappos business we have today, along with his passion for helping to support and drive our company culture.
Tony’s kindness and generosity touched the lives of everyone around him, as his mantra was of “Delivering Happiness” to others. His spirit will forever be a part of Zappos, and we will continue to honor his memory by dedicating ourselves to continuing the work he was so passionate about.

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Biden vacancies delay Big Tech reckoning

Data: Axios research; Table: Axios Visuals

President Biden still hasn't named permanent leaders at the key agencies overseeing the tech and telecom industries, giving him a late start on confronting powerful U.S. companies.

Why it matters: If Biden doesn't move quickly, there won't be enough time left for his administration to take on big targets and tackle thorny policy problems.

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Microsoft CEO Satya Nadella says tech giant is through being cool

If software developers don't see Microsoft as the coolest trillion-dollar tech company out there, CEO Satya Nadella is OK with that, he told Axios in an exclusive interview as Microsoft's annual developer conference kicked off Tuesday.

Driving the news: "My sales pitch to anybody, whether it’s an intern or a college grad joining Microsoft is, hey, if you want to be cool, go join someone else," Nadella said. "If you want to make others cool, join Microsoft."

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Wall Street's top regulator says a report on meme stock mania is coming this summer

Wall Street's top regulator says a report examining meme stock mania will be coming "sometime this summer."

The big picture: It will "detail the range of activities" that came out of the January events," SEC chair Gary Gensler said Thursday at a third congressional hearing held to dissect the GameStop trading phenomenon.

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Podcast: The Super League's rise and fall

Just after midnight this past Sunday, 12 of the richest and best-known European soccer clubs announced an agreement to form what they called the Super League. By Wednesday morning, outcry from fans, politicians and other soccer organizations stopped the Super League in its tracks.

Axios Re:Cap is joined by Financial Times sports editor Murad Ahmed to discuss the Super League’s very short roller coaster ride, why it struck such a nerve, and how the financial motivations behind the Super League could reshape soccer even if the Super League is never revived.

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