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Billionaire investor Peter Thiel explains the 2 worst pieces of advice you should ignore

Peter Thiel is a billionaire and one of the best-known investors in Silicon Valley.

But the PayPal cofounder says that none of his success would have happened if he had continued on his career path as a lawyer, which was, as he describes it, a "familiar track." Instead of continuing down that road, he moved out to California, cofounded a technology startup, and made a fortune.

During a commencement speech at Hamilton College on Sunday, Thiel spoke out against conventional wisdom and the familiar track, pointing out two big clichés that end up being wrong more often than they're right.

The first cliché that Thiel takes a shot at is "to thine own self be true." He said:

Now Shakespeare wrote that, but he didn't say it. He put it in the mouth of a character named Polonius, who Hamlet accurately describes as a tedious old fool, even though Polonius was senior counselor to the King of Denmark.

Facebook is changing its internal Trending Topics guidelines after report alleges political bias (FB)

Facebook has changed some of its internal guidelines for choosing which stories appear in its "Trending" topics section, following accusations of political bias.

For example, it will no longer rely on a list of external websites to decide how important a topic surfaced by its algorithm is.

Facebook launched an investigation after several Gizmodo reports earlier this month sparked widespread controversy by alleging that former news "curators" routinely omitted articles from conservative news sources in the Trending section on the right side of its main News Feed.

Although the company's investigation

Xiaomi unveils streaming media device for the U.S.

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7 things to consider before buying one of those kits that lets you 'test your genes'

Ever considered getting a peek inside your genes?

Today, it seems easy. Find a personalized gene-testing service — there are more than a dozen companies in the US alone — spit in one of the tubes the company sends you, pop it in the mail, and check out your results online.

But how much can the average person learn from one of these tests?

We chatted with Columbia University professor Dr. Robert Klitzman, a bioethicist and psychology professor and the author of the recent book "Am I My Genes?" to find out:

They can't predict the future.

No evidence-based process for assessing personal genetic tests yet exists. Nevertheless, according to

Reddit's new embed feature means it could appear all over the Internet

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Here's what we know about Xiaomi's first drone that it will unveil this week

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The 10 most important things in the world right now

Hello! Here's what you need to know on Tuesday.

1. Brazil's interim government is getting rocked by a new corruption scandal. A newspaper has published what it said was recordings of a key minister discussing using president Dilma Rousseff's impeachment to halt a massive probe into embezzlement.

2. China is trying to smooth US trade ties after Donald Trump's threats. Republican presidential hopeful Trump said that he would restrict Chinese imports with a 45% tariff.


GE partners with EY to offer industrial IoT services (GE)

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10 things in tech you need to know today (YHOO, FB, AMZN)

Good morning! Here's the tech news you need to know this Tuesday.

1. Netflix's huge exclusive deal for new Disney, Marvel, Lucasfilm, and Pixar movies will begin to take effect in September. It was negotiated back in 2012.

2. Yahoo says Marissa Mayer faced "specific security threats" throughout 2015. The company spent more than half-a-million dollars to protect its CEO from "credible" threats.

3. Xiaomi's revenues were flat in 2015, Fortune reports. The Chinese smartphone manufacturer barely grew over the last year, despite ambitious goals.


One of the top Apple followers is worried that it could turn into BlackBerry

If Google is right about the future, there are troubling signs to suggest Apple could meet the same fate as BlackBerry, according to top Apple follower Marco Arment. 

In a blog post, Arment argues that BlackBerry was great at creating phones and dominated the market before Apple released the iPhone.

The problem was that the iPhone release didn't just create a better smartphone — it changed what people used them for entirely. 

BlackBerry was great at creating at a device for email and phone calls, but Apple unleashed the App Store and now there's an app for everything. It fundamentally changed the definition for a smartphone, and BlackBerry couldn't ever play catch-up.

"No new initiative, management change, or acquisition in 2007 could’ve saved the BlackBerry. It was too late, and the gulf was too wide," Arment wrote.