Good morning! Here’s what you need to know on Wednesday.
1. Mark Zuckerberg has announced that he’s giving away 99% of his Facebook shares — valued at $45 billion — during his lifetime. The Facebook CEO announced the news in a letter to his newborn daughter, Max.
3. Yahoo’s board is reportedly weighing up whether to sell its core internet business. Yahoo’s business is currently valued at less than zero by Wall Street, which assigns all of the company’s value to its Asian investments.
4. Russia may freeze work on the Turkish Stream gas pipeline project for several years in retaliation against Ankara for the shooting down of a Russian air force jet.
7. Twitter cofounder Evan Williams sold 1.8 million shares of Twitter stock through his foundation, netting about $47 million.
9. Global manufacturing conditions continued to meander in November, with strength in Europe and the US offsetting weakness in emerging markets, particularly from Asia.
And finally … this is what it is like to step inside the infamous dark web — the digital back alley of the internet where you can find pretty much anything you normally can’t find on the regular “surface web”.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.