peHUB First Read

Facebook earnings rise on mobile growth. Social network continues to spend aggressively with expenses up 87%.

After a decade of failure, Sony bails on building its own music service, brings in Spotify instead.

McDonald’s CEO is out, stock up more than 3%.

A rare megamouth shark just washed up in the Philippines.

Formation 8 and Palantir Founder Joe Lonsdale named in sexual assault lawsuit.

China passes the U.S. as the world’s largest source of spam, again.

The future of wearables isn’t the connected watch.

Millions to owe Obamacare tax penalty

Malaysia declares missing MH370 flight an accident, clearing way for compensation claims

Biopic on Steve Jobs starts shooting in San Francisco.

Subscribers Only

Lexington tops $7 bln for eighth flagship fund.

Many lenders see cracks appearing in mid-market loan market: Survey

Horsley Bridge closes on $900 mln for new VC fund of funds.

Photo courtesy of Shutterstock