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CONTENTS

Bloomberg Businessweek

April 16, 2018

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Bloomberg Businessweek

(USPS 080 900) April 16, 2018 (ISSN 0007-7135) H Issue no. 4565 Published weekly, except one week in January, February, April, June,

July, September, and December, by Bloomberg L.P. Periodicals postage paid at New York, N.Y., and at additional mailing offices. Executive, Editorial, Circulation, and

Advertising Offices: Bloomberg Businessweek, 731 Lexington Avenue, New York, NY 10022. POSTMASTER: Send address changes to Bloomberg Businessweek,

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GST #12829 9898 RT0001. Copyright 2018 Bloomberg L.P. All rights reserved. Title registered in the U.S. Patent Office. Single Copy Sales: Call 800 298-9867 or

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. Educational Permissions: Copyright Clearance Center at

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. Printed in the U.S.A. CPPAP NUMBER 0414N68830

FEATURES

50

Can Instagram

save Facebook?

56

Trump is getting awall—

just not the one hewants

62

TheBritish oddsmaker

looking to cash in on

U.S. sports betting

PURSUITS

67

An oyster

obsessivemeets

the world’s

best shuckers

72

Style:

High fashion

heads for the

great outdoors

74

The Critic:

Burning Man’s trip

to the Smithsonian

75

The One:

Plumen’s 003

LED light

76

Game Changer:

Ex-Solicitor General

Neal Katyal

argues against

the travel ban

Correction:

“Noto’s Big Job at SoFi” (Finance,

April 2) misidentified a SoFi customer

who attended a company event in New

York City. His name is Imran Vithani.

LAS VEGAS:PHOTOGRAPH BY TERRY RATZLAFF FOR BLOOMBERG BUSINESSWEEK.OYSTERS:PHOTOGRAPH BY MARK PECKMEZIAN FOR BLOOMBERG

BUSINESSWEEK. SUNGLASSES:PHOTOGRAPH BY JESSICA PETTWAY FOR BLOOMBERG BUSINESSWEEK. PROP STYLIST:KODY PANGBURN

Cover: Photo Illustration

by 731; photo: David

Paul Morris/Bloomberg