FT News Briefing Friday, September 27
Sep 27, 2019
The White House is under scrutiny following a whistleblower complaint alleging presidential misconduct. Peloton struggles with its stock price after a lackluster public offering, while Endeavor pauses its IPO plans. A notable European court ruling raises questions about the 'right to be forgotten' online, shedding light on data privacy challenges in our digital world. The discussion reveals the tension between online rights and free speech, making it a critical moment for internet companies and users alike.
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Whistleblower Complaint and Cover-Up Allegation
- The White House faces a cover-up allegation after storing the transcript of Trump's call with Zelensky on a classified system.
- This revelation intensifies calls for impeachment proceedings.
Peloton and Endeavor IPOs Struggle
- Peloton's shares dropped 11% below the issue price on its first trading day.
- Endeavor Group canceled its IPO due to limited investor interest after already downsizing it.
EU Court Ruling on "Right to be Forgotten"
- The EU's highest court ruled that Google only needs to apply the "right to be forgotten" within the EU.
- This means information removed from EU search results might still be accessible elsewhere.