Facebook CEO Mark Zuckerberg looked relaxed in $35 Adidas flip flops while walking with his No. 2, Sheryl Sandberg as a report emerged that claimed the two are no longer as close as they once were.
Philanthropist Bill Gates also made an appearance on the third day of the annual ‘billionaire summer camp’ in the resort town of Sun Valley, Idaho on Thursday.
‘The Zuck’ cut a casual figure as he conferred with Facebook COO Sandberg.
According to the Times, Zuckerberg usurped some of Sandberg’s duties as she lost influence in Washington, DC after Trump’s shock victory over Hillary Clinton in the 2016 general election.
Sandberg, who is active in Democratic Party politics and fundraising, saw her influence within the company diminish as Facebook felt pressure to prove to conservatives that it did not have a liberal bias, according to the Times.
CEO of Facebook Mark Zuckerberg (right) walks with COO of Facebook Sheryl Sandberg (center) and former White House Office of National Drug Control Policy advisor Kevin Sabet (left) after a session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho on Thursday
Zuckerberg and Sandberg were photographed on the same day that a bombshell New York Times report claimed that their relationship has been strained due to disagreements that arose during Donald Trump’s presidency
Gates, who announced in May that he is divorcing his wife of 27 years, Melinda French Gates, was seen at the Sun Valley conference with Evan Greenberg, the president and CEO of global insurance giant Chubb Limited
Gates, who announced in May that he is divorcing his wife of 27 years, Melinda French Gates, was seen at the Sun Valley conference with Evan Greenberg, the president and CEO of global insurance giant Chubb Limited.
The tech executives did not appear all too concerned on Thursday just a day after former President Trump announced a class action lawsuit against the social network and other platforms including Twitter and YouTube, which is owned by Google parent Alphabet.
Trump revealed the action against Facebook, Twitter and Google’s YouTube, along with the companies’ Mark Zuckerberg, Jack Dorsey and Sundar Pichai, at a press conference Wednesday in New Jersey, where he demanded that his accounts be reinstated.
Zuckerberg also greeted fellow tech mogul Bobby Kotick, the CEO of Activision Blizzard, in Sun Valley on Thursday
Tim Cook, the CEO of Apple, flashes a victory sign as he appeared on the third day of the conference in Sun Valley, Idaho
Nike co-founder Phil Knight is seen above walking to the morning session of the conference on Thursday
Stacey Bendet, CEO of fashion company Alice + Olivia and billionaire businessman and New England Patriots owner Robert Kraft arrived on Tuesday at this year’s ‘billionaire summer camp’ at Sun Valley, where some of the biggest names in tech, design, film and sports gather each year for the five-day conference
Jeff Bezos’ Gulfstream G650 could be seen arriving at Idaho’s Friedman Memorial Airport Tuesday, although the billionaire Amazon founder had yet to make an appearance
CBS News’ Gayle King also made her appearance at the Sun Valley conference on Tuesday
CNN’s Anderson Cooper also arrived on Tuesday. The conference features some of the top names in tech, entertainment and sports
Disney board Chairman Bob Iger also appeared for day one of the conference. Major business deals have been struck in the past after the event
ViacomCBS Chairwoman Shari Redstone and Nike CEO John Donahoe made their appearances Tuesday at the business networking event
Netflix Co-CEOs Reed Hastings (left) and Ted Sarandos rolled up at Sun Valley
All attendees needed to undergo Covid screenings to ensure it does not become a super spreader event. Last year’s Sun Valley conference was cancelled due to the pandemic
Ken Langone (left), an American billionaire businessman, investor and philanthropist, and Jeff Bewkes, former CEO of Time Warner, arrive at the conference
Anne-Cecilie Engell Speyer, co-created the Never Stop Learning platform, arrives on Tuesday
CEO of Empresas Polar Lorenzo Mendoza (left) and Chairman of Capital Research and Management Company Carl Kawaja arrive on Tuesday
Trump has been suspended from the platforms since January, when his followers violently stormed the Capitol building, trying to block Congress from certifying Joe Biden’s presidential win.
The companies cited concerns that Trump would incite further violence and have kept him locked out.
All three declined comment on Wednesday.
‘We’re asking the US District Court for the Southern District of Florida to order an immediate halt to social media companies’ illegal, shameful censorship of the American people,’ Trump said of the filings.
‘We’re going to hold big tech very accountable.’
Twitter, Facebook and Google are all private companies, and users must agree to their terms of service to use their products.
Former New York City Mayor Mike Bloomberg arrived at the elite, long-running conference
CEO of Liberty Media and chairman of Live Nation Entertainment Greg Maffei (left) and Brian Kelly, chairman of Activision Blizzard Inc. arrive on Tuesday
David Zaslav, CEO of Discovery Communications spoke to reporters outside the Sun Valley conference Tuesday
Jason Kilar CEO of WarnerMedia (left) and NBCUniversal CEO Jeff Shell arrived to start off the five-day conference as well
Comcast CEO Brian Roberts was one of many top media giants who showed up Tuesday for the first day of the networking event
Facebook Vice President of Partnerships Dan Rose can be seen arriving at the Sun Valley conference, which brings together many of the world’s richest and most powerful figures
Verizon CEO Hans Vestberg returns from a run at the annual conference
Former AOL CEO Tim Armstrong arrived Tuesday, the conference was on hiatus last year due to the coronavirus
Disney CEO Bob Chapek (left) and Comcast CFO Mike Cavanagh arrived at the five-day conference, which runs from July 6 to 10
Adriana Cisneros, CEO of Grupo Cisneros, arrives with her husband Nick Griffin on Tuesday
Anthony Noto, CEO of SoFi, a personal finance company, arrives at the annual conference on Tuesday.
Marne Levine, chief business officer at Facebook and Bret Taylor, COO of Salesforce appeared at the exclusive event
CEO of Aurora Chris Urmson arrives at the annual Sun Valley conference on Tuesday
Twitter CFO Ned Segal (left) and real estate developer Rob Speyer arrived Tuesday. Guests were chauffeured 15 miles through lush rolling hills to the lodge where the conference takes place
Michael Ovitz (left), an American businessman and former talent agent, and Chariman and CEO of Rakuten Mickey Mikitani arrive
CEO of Mattel Ynon Kreiz hugged NBC CEO Jeff Shell. The conference has at times led to industry shifting deals
Survey Monkey CEO Zander Lurie (left) and Dr. Frank Petito, a neurology specialist with Weill Cornell Medicine were among the dozens of elites from across a multitude of industries to descend on the lodge in Idaho Tuesday
Actress Candice Bergen also appeared among a handful of celebrities at the event
Activision Blizzard CEO Robert Kotick (left) and Walmart CEO Doug McMillon were also in attendance
Chairman of Augusta National Golf Club Fred Ridley (center) arrives in Sun Valley, Idaho
Frank Sands Jr. (left) CEO of Sands Capital Ventures and Barry Diller, chairman of IAC were among the financial giants invited to the elite conference
MLB Commissioner Rob Manfred with his wife Colleen were among the major sports figures who appeared Tuesday
Former Washington Post Publisher Donald Graham with his wife and journalist Amanda Bennett arrived at the invite-only conference
Former CIA Director David Patraeus (left) and former White House Office of national Drug Control Policy advisor Kevin Sabet arrived Tuesday as figures from the political world
Journalist Andrew Ross Sorkin arrives at the conference on Tuesday. He is a financial columnist for The New York Times and a co-anchor of CNBC’s Squawk Box
Max Levchin, co-founder of Paypal was among a number of tech moguls in attendance
CEO of Centene Corporation Michael Neidorff arrived at Sun Valley, which is thrown by investment bank Allen & Company
Evan Greenberg CEO of Chubb Limited (left) and Fred Krupp, president of Environmental Defense Fund arrived in Idaho. A number of top business leaders meet to network at the annual event
Investment banker Dan Luftkin (center) arrives at the Allen & Company conference on Tuesday
Alex Sacerdote of Whale Rock Capital Management (left) and former chairman and president of Duquesne Capital Stan Druckenmiller appeared at the five-day, invite only conference
Imagine Entertainment producer Brian Grazer with his wife and marketing executive Veronica Smiley made their way around Sun Valley
Frank Slootman CEO of Snowflake (left) and Eric Lefkofsky, founder of Tempus and co-founder of Groupon were also in attendance as part of the conference’s cadre of tech moguls
Felicia Horowitz (left), wife of technology entrepreneur Ben Hortowitz and criminal justice reform advocate Alice Marie Johnson also arrived at the resort Tuesday
Washington lobbyist Mike Berman of the Duberstein Group (left) and Chris McKown, executive chairman of Iora Health also appeared at the Idaho event. It is run by investment bank Allen & Company
Will Danoff vice president of Fidelity Contrafund arrives at the event and Bill Koenigsberg, president and CEO of Horizon Media Inc. Media and entertainment giants meet annually at the long-running conference
Henry Kravis, co-founder of KKR & Co. Inc., an investment company, appeared to have made the trek to Sun Valley
Canadian actor Justin Kelly (left) and Josh Witz principal of J3 Real Estate Advisors are among the of players in a wide variety of industries invited to the conference
Bill McDermott, CEO of ServiceNow arrives on Tuesday for the annual conference
Ray Snead (left) and investment banker Dan Pozen (right) arrive at the Sun Valley conference
The annual invite-only conference is thrown by investment bank Allen & Company
Under Section 230 of the 1996 Communications Decency Act, social media platforms are allowed to moderate their services by removing posts that, for instance, are obscene or violate the services’ own standards, so long as they are acting in ‘good faith.’
The law also generally exempts internet companies from liability for the material that users post.
Zuckerberg and Sandberg were seen greeting fellow millionaires and billionaires including New England Patriots owner Robert Kraft, 80, and his girlfriend, New York City doctor Dana Blumberg.
On Wednesday, Apple CEO Tim Cook, Warren Buffett, Diane Von Furstenberg and husband Barry Diller were among those spotted arriving for day two of the conference, where the estimated wealth of attendees surpasses $700 billion, the equivalent of the GDP of Saudi Arabia.
Big names and moguls in tech, business, film and media have been descending on Sun Valley, a tiny resort town in rural Idaho, for the annual five-day conference put on by Allen & Company.
Buffett, the 90-year-old CEO of Berkshire Hathaway, was spotted on Wednesday being escorted to the conference in a golf cart.
Belgian fashion designer Diane Von Furstenberg, 74, and her IAC chairman husband Barry Diller, 79, strolled in together for one of the conference’s morning sessions.
Diller was pictured on Thursday alongside CNN host Anderson Cooper, who is a close family friend of Von Furstenberg. The fashion designer was a well known friend of Cooper’s late mother, socialite Gloria Vanderbilt.
Others who were spotted arriving for the day two events included Snap Inc.’s Evan Spiegel, Rupert Murdoch’s ex-wife Wendi Deng, ViacomCBS Chair Shari Redstone, and Alice and Olivia CEO Stacey Bendet.
Berkshire Hathaway CEO Warren Buffett will be there. So too will Microsoft co-founder Bill Gates
Amazon.com founder Jeff Bezos is expected to attend this year’s event at Sun Valley Lodge. He is pictured at the event in 2014
Bezo’s successor and current CEO of Amazon Web Services Andy Jassy, pictured, is also expected to attend
John Nallen, chief financial officer and senior executive vice president of Twenty-First Century Fox will be there. He is pictured at the conference in 2017
Brian Roberts, chairman and chief executive officer of US cable giant Comcast, left, and Reed Hastings, Chief Executive Officer of Netflix are expected to be there
Robert Thomson, chief executive of News Corp, is also among this years’ invitees together with former Ambassador to the United Nations Nikki Haley
A sign is seen at the entrance to the Sun Valley Resort ahead of the Allen & Company Sun Valley Conference
Workers continue to setup at the Sun Valley Resort ahead of the private Allen & Company Sun Valley Conference
The Sun Valley Lodge stands in Sun Valley, Idaho. The annual Allen & Co. conference gathers many of America’s wealthiest and most powerful people in media, technology, and sports
Technicians setup inside the Sun Valley Pavilion ahead of the Allen & Company Sun Valley Conference
Additionally, a plane belonging to Jeff Bezos arrived at the local airport in nearby Hailey, but the billionaire Amazon founder had yet to make an appearance.
An estimate based on the latest available figures puts the total wealth of those known to be in attendance and those rumored to be attending at $588 billion.
The estimated net worth of those already in attendance is about $340 billion.
Other influential names on the guest list are Bezos’ successor Andy Jassy, who is set to take over the reins at Amazon.
Reclaim The Net web site also reported that WarnerMedia CEO Jason Kilar is among the invitees from the world of media, along with Diane Sawyer, Cooper and Van Jones and New York Times columnist Thomas Friedman.
Former US Secretary of Transportation Elaine Chao and Council of Foreign Relations President Richard Haass are among the public officials on the invite list, Reclaim The Net reported.
Those attending investment bank Allen & Co.’s annual conference will need to have been vaccinated and show proof of a negative Covid-19 test.
Over the holiday weekend, private jets belonging to business leaders began arriving at the local airport and taking up space on the tarmac at Friedman Memorial Airport in Hailey as they parked up for the week.
From there, guests were chauffeured through 15 miles of lush rolling hills to the lodge where the conference takes place.
Rival chief executives including Amazon’s Jeff Bezos along with his successor Andy Jassy, Comcast Corp.’s Brian Roberts are all said to be on the guest list.
Attendees in 2019 included Ron Meyer (left), then-Vice Chairman of NBCUniversal, and David M. Zaslav (right), CEO of Discovery
PayPal CEO Daniel Schulman (left) and McDonald’s chief Steve Easterbrook (right) both attended in 2019
Apple CEO Tim Cook and the company’s senior vice president of internet software Eddy Cue are seen at the event in 2018
Already Discovery’s David Zaslav teased some potential business deals, saying that more might follow after the announcement in May of Discovery’s $43billion merger deal with AT&T’s entertainment arm, WarnerMedia.
‘We’re not done yet,’ he told the New York Post as he entered the conference, saying he’ll continue to search for more viable mergers once the deal is closed in eight months.
‘There’s a lot of assets out there that have good IP that will probably get new homes,’ he said.
Breaking Bad creator Vince Gilligan and former United Nations Ambassador Nikki Haley are also expected to attend.
Robert Thomson, chief executive of News Corp, is also among the invitees, as is Fox Corp. Chief Operating Officer John Nallen.
They will have a lot to discuss given the massive shift to streaming during the pandemic and consumers moving to Netflix and Disney+ over the last 16 months and cutting the cord from traditional pay-TV subscriptions.
In May, AT&T said it was spinning off WarnerMedia which is made up from HBO, the Warner Bros. film and TV studio along with the cable networks of TNT and TBS into a new venture being formed with Discovery.
The following week Amazon announced its intention to acquire MGM studios.
Such consolidation within the media industry has reduced the number of potential targets available, but fresh deals are not off the table.
Rupert Murdoch’s son, Lachlan Murdoch (right), who is the CEO of Fox Corporation and co-chairman of News Corp., and his wife Sarah Murdoch (left), went to the event in 2019
Former Disney head, Michael Eisner at the conference in 2019
The real action for many onlookers will happen in corridors, restaurants and golf courses rather than conference rooms.
‘It would be wise for these companies to collaborate and rethink the ecosystem, and figure out their future,’ said analyst Neil Begley to the Wall Street Journal. ‘There are still a few players out there that can be easily absorbed.’
Analysts believe the WarnerMedia and Discovery merger could be the first of many deals which are made as the traditional media companies look to compete better in streaming by bulking up on content.
Previous deals that have their roots at Sun Valley include the 1995 purchase of Capital Cities/ABC by Disney, Comcast’s acquisition of NBCUniversal in 2009, the purchase of AOL by Verizon in 2015, and Jeff Bezos’ purchase of The Washington Post in 2013.
Attendees at the last conference 2019 included Facebook bosses Mark Zuckerberg and Sheryl Sandberg; Disney’s Bob Iger; 23andMe CEO Anne Wojcicki; Rupert Murdoch’s son, Lachlan Murdoch, who is the CEO of Fox Corporation; PayPal CEO Dan Schulman; Instagram COO Marne Levine; McDonald’s chief Steve Easterbrook and billionaire media executive Shari Redstone.
The conference began in 1982, and in its early days founder Herbert Allen – who co-founded Allen & Company with brother Charles – had to beg invitees to come.
The Sun Valley Resort is seen ahead of the Allen & Company Sun Valley Conference After a year hiatus due to the CVOID-19 pandemic the world’s most wealthy and powerful businesspeople from the media, finance, and technology will converge at the Sun Valley Resort for the exclusive week-long conference
A sign is seen on the Sun Valley Inn ahead of the Allen & Company Sun Valley Conference
Billionaire summer camp: The Sun Valley attendees and their estimated net worths
Tim Cook – Apple CEO: $1.4B
Mark Zuckerberg – Facebook CEO: $127B
Bill Gates – Microsoft co-founder: $128.9B
Jeff Bezos – Amazon founder: $201.8B
Robert Kraft – New England Patriots owner: $6.9B
Sheryl Sandberg – Facebook COO: $1.9B
Reed Hastings – Netflix Co-CEO: $5.3B
Ted Sarandos – Netflix co-CEO: $250M
Gayle King – CBS News: $40M
Anderson Cooper – CNN: $200M
John Donahoe – Nike CEO: $135M
Michael Eisner – ex-Disney CEO: $1B
Shari Redstone – ViacomCBS Chairwoman: $500M
Stacey Bendet – Alice + Olivia CEO: $1M
Bob Iger – Disney board Chairman: $690M
Ken Langone – Businessman/investor: $5.6B
Lorenzo Mendoza – Empresas Polar CEO: $1.4B
Andy Jassy – Amazon CEO: $500M
Robert Kotick – Activision Blizzard CEO: $600M
Doug McMillon – Walmart CEO: $247M
Barry Diller – IAC Chairman: $3.7B
Donald Graham – ex-Washington Post Publisher: $311M
Andrew Ross Sorkin – CNBC: $10M
Michael Neidorff – Centene Corporation CEO: $553M
Brian Grazer – Imagine Entertainment producer: $400M
Eric Lefkofsky – Groupon co-founder: $4.2B
Henry Kravis – KKR & Co. Inc co-founder: $8.2B
Mike Bloomberg – Businessman/philanthropist: $59B
Greg Maffei – Liberty Media CEO: $125M
Brian Kelly – Activision Blizzard Inc: $1.96B
David Zaslav – Discovery Communications CEO: $124M
Jason Kilar – WarnerMedia CEO: $200M
Jeff Shell – NBCUniversal CEO: $23M
Brian Roberts – Comcast CEO: $2B
Hans Vestberg – Verizon CEO: $26M
Tim Armstrong – ex-AOL CEO: $450M
Bob Chapek – Disney CEO: $335M
Mike Cavanagh – Comcast CFO: $31.9M
Adriana Cisneros – Grupo Cisneros CEO: $4B
Anthony Noto – SoFi CEO: $87M
Marne Levine – Facebook: $3.1M
Bret Taylor – Salesforce COO: $278M
Ned Segal – Twitter CFO: $60M
Michael Ovitz – businessman/ex- talent agent: $500M
Mickey Mikitani – Rakuten CEO: $7B
Ynon Kreiz – CEO of Mattel: $18.4M
Candice Bergen – actress: $50M
Rob Manfred – MLB Commissioner: $30M
David Patraeus – Former CIA Director: $2M
Max Levchin – Paypal co-founder: $1.8B
Stan Druckenmiller – Duquesne Capital: $5.6B
Frank Slootman – CEO of Snowflake: $2B
Mike Berman – Washington lobbyist: $2.3M
Bill McDermott – ServiceNow CEO: $76M