Larry Page has gone to Fiji and sold his superyacht

·4 min read

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This week: Larry Page escapes to Fiji and burns the boats (metaphorically speaking)

larry page
Justin Sullivan/Getty

By now you've heard more than you've ever wanted to know about Jeff Bezos' space adventure, the backstories of his crewmates and the shape of his rocket. But there's another powerful tech billionaire whose odyssey you're probably not as familiar with - and that's not by accident.

Google cofounder Larry Page, long known for reclusive tendencies, has essentially disappeared from public view since handing over the Alphabet CEO keys to Sundar Pichai two years ago. Page still holds majority voting control, along with cofounder Sergey Brin, of a company worth $1.8 trillion. So it's not unreasonable to wonder what he's up to.

Insider reporter Hugh Langley tracked Page down to Fiji, where he's been spotted by locals on two of the archipelago's islands over the past year. There are even rumors that he bought an island (Fiji has 300 of them).

While Fiji has been closed to tourists during the pandemic, Page apparently entered through the country's special "Blue Lane" initiative which offers passage to superyacht and private jet owners who abide by quarantine rules.

Is Page hiding out in the South Pacific for the duration of the pandemic, or has he decided to relocate there permanently?

  • The fact that Page also sold his $45 million superyacht provides fodder for speculation about a Hernan Cortes-moment (the 16th century conquistador famously burned, or sunk, depending on the telling, his ships to force his troops to march inland towards Tenochtitlan).

  • Longtime Google watchers will also surely recall that Page once famously mused about setting aside part of the world for techies to have a "safe" space to do experiments and escape "the negativity" of regulators and the media.

Potential takeaway: If you thought Miami was the new destination for techies seeking to build utopia, you might want to book a ticket to Fiji instead - if you can get in.

Read our full report here:

Netflix, the game!

Reed Hastings
Ernesto S. Ruscio/Getty Images / Netflix

What's the answer to an increasingly crowded video streaming market? If you're Netflix, it's video games.

The Big Read

Ice baths, Bob Marley lyrics and billion dollar loans: How Adam Neumann played Wall Street's top bankers off of each other in the run up to WeWork's doomed IPO

Ice bath
Alexandre Simoes/Borussia Dortmund/Getty Images

The epic, cautionary tale of WeWork's 2019 IPO debacle is in the news again thanks to the new book, "The Cult of We," by Wall Street Journal reporters Maureen Farrell and Eliot Brown.

In an exclusive adaptation from the book written for Insider, the two journalists home in on the chaotic relationship between WeWork founder Adam Neumann and the banks competing to win the "lead left" role overseeing the IPO. It's a surreal and eye-opening story that will make you look differently at the way buzzy startups get listed on the public markets.

Click here to read the full story.

Quote of the week:

Jack Dorsey appears at a bitcoin convention on June 4, 2021 in Miami, Florida.
Jack Dorsey onstage at a bitcoin convention on June 4, 2021 in Miami, Florida. Joe Raedle/Getty Images

"It's deeply principled, it's weird as hell, it's always evolving."

- Jack Dorsey, the CEO of Twitter and of Square, speaking about the bitcoin community, which he said reminds him of the early days of the internet when he was a kid.

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Not necessarily in tech:

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- Alexei

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