Data Sheet—Why India Is the New Battleground Between Walmart and Amazon

My broker is E.F. Hutton and E.F. Hutton says. After revealing his great confidence in Apple, legendary investor and Berkshire Hathaway CEO Warren Buffett on Saturday conceded that he’d made a mistake by failing to invest in Amazon and Google in the past. “We’ve looked at it,” he said at his company’s annual meeting. “I made the mistake in not being able to come to a conclusion where I really felt that at the present prices that the prospects were far better than the prices indicated.” Bitcoin? Let’s just say he’s not a fan. Buffett also got into a tiff with Tesla CEO Elon Musk that ended with Musk tweeting he was going to start a candy company to compete with Berkshire Hathaway’s See’s Candies. “I am super serious,” Musk said in a follow-up tweet.

Too cute by a half. Speaking of trolling by or against Elon Musk, a few analysts on other quarterly earnings calls decided to mock the Tesla CEO’s tirade against analysts on his call. “Hi, Jayshree. I’ll ask a question and you’ll yell at me like the Tesla call and I’m going to be famous after that,” Merrill Lynch’s Tal Liani joked speaking to Arista Networks CEO Jayshree Ullal.

Who’s laughing now, monkey boy? It started as almost a joke, but apparently Facebook is seriously considering offering a paid, ad-free version of its social network service, Bloomberg reported. The plans are not “solid” and may not go forward, however, the news service added. Facebook declined to comment.

He said, they said. An investor is suing Ripple Labs, a top digital currency startup that is focused on international money transfers. Plaintiff Ryan Coffey says Ripple raised capital through an initial coin offering that constituted an illegal sale of unregistered securities. Ripple said it had not seen the lawsuit yet, but that its XRP tokens “should not be classified as a security.”

Digging in the dirts. On Saturday, NASA successfully launched its InSight lander, which is scheduled to arrive on Mars in November. Among other missions, the InSight lander—short for Interior Exploration using Seismic Investigations, Geodesy, and Heat Transport—will dig 16 feet down into the Martian soil to study the planet’s temperature history.

Sneak peek. Two major developers conferences start this week. Google’s I/O will reveal details of the next version of Android, a likely overhaul of Google News and improvements to Google’s Wear OS for smartwatches, The Verge reports. At Microsoft’s Build conference, expect to hear about new features for Windows 10 and how users will be able to synchronize their browsing history in the Edge app across different operating systems, Engadget says.

You’ve been a lovely, lovely witness. The trial challenging AT&T‘s acquisition of Time Warner wrapped up last week and Judge Richard Leon said he was aiming to release his decision on June 12. Tea leaf readers think the verdict is more likely to go AT&T’s way.

Failure of imagination. Smart luggage startup Bluesmart, one of the first companies to incorporate phone charging capability into suitcases, is closing up shop. Apparently, Bluesmart couldn’t meet new airline requirements to make its large built-in lithium batteries removable.

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