At a panel on virtual currencies held by the New York Department of Financial Services yesterday, Bitcoin investors Cameron and Tyler Winklevoss warned banking supervisors that too many rules would "cripple" the volatile crytocurrency. It seems the twins only like an overzealous legal system when it adds to their bank account.
The harrowing tale of how Twitter user @n lost his one-letter handle, worth $50,000. Spoiler alert: think twice about letting PayPal and GoDaddy store your credit card info.
Interesting. Doorman: A startup that collects your package deliveries, then delivers to your home on demand. http://t.co/rwdjracj8O
— Farhad Manjoo (@fmanjoo) January 29, 2014
The lines have gotten even blurrier since the Internet kneecapped newspapers. In the past few years, media companies called themselves tech companies, then that distinction became meaningless. In between, tech honchos spent their loose change on magazines and newspapers or just financed their own.
This column was originally published in VentureBeat by editor-in-chief Dylan Tweney and is reprinted here with permission. When Kleiner Perkins cofounder Tom Perkins wrote on Friday that a "progressive Kristallnacht" is coming, reaction was swift and severe.
Remember when Facebook was a social network? Well according to 53 percent of its revenue, it's now a mobile advertising company. Damn, this quote just gets better with age: "The best minds of my generation are thinking about how to make people click ads."
After months of reporting, TheStreet found more than a thousand of Twitter profiles advertising escorts and dominatrixes, and at least two international networks of escorts that "rely on the Twitter platform to promote and execute their services."
On the occasion of Facebook's 10th birthday, Mark Zuckerberg sat down with Businessweek to reflect on what the magazine generously calls the company's pubescent period. (Please. A decade in social network years makes Facebook more like 45-years-old.)
There are only three decent Twitter parody accounts in tech. There's the late, great @fakedorsey, which deleted its imaginary dispatches from the mind of Jack Dorsey. Then there's @ViceMeme, although that's more oh fuck this is life now than funny haha. And, before it got suspended, @A16ZElevator showed real promise.
Today Zynga announced plans to lay off 15 percent of its staff, which amounts to about 314 employees. This follows massive layoffs
Michael Arrington's capitalist dream will not be deferred. Even after losing cofounder
You should read this nonsensical, but brand loyal Twitter account that seems to belong to Satya Nadella, the man Bloomberg says will be Microsoft's new CEO. Nadella likes exclamation points almost as much as Steve Ballmer likes developers.
Some moon shots are more self-serving than others. On April 2, Google will split its stock for the first time, in an "unorthodox" move to that shareholders fear will benefit cofounders Larry Page and Sergey Brin "at the expense of just about everyone else," reports the Associated Press.
Everyone's
Chris Poole, the founder of 4Chan can hardly believe that Facebook—"the standard bearer for what most people think of as 'online identity'"—would allow its users to be anonymous. Does the fact that you have to use a Facebook log-in for its new app Paper make it more believable?
Facebook has brokered a Superbowl deal with a short list of semi-famous athletes, one CNN anchor, and Fergie's husband. If these stars use Facebook to share a specific kind and number of posts during the big game, the company promises "amplified distribution" and "exposure to new FB fans."
Ed Lee is the mayor of San Francisco by the grace of that city's deep-pocketed technologists
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Ken Kurson, editor-in-chief of the New York Observer, confirmed to Valleywag that he has hired Ryan Holiday, author of the book Trust Me, I'm Lying: Confessions of a Media Manipulator, as the editor-at-large of its tech blog, Betabeat. In a statement, printed in full below, Holiday described the website as a "client."
Clinkle