Booting Up: The Zuckerbergs Cook Breakfast Edition


The Securities and Exchange Commission is considering a civil action against Netflix after CEO Reed Hastings posted on Facebook in June that the company’s customers would soon view 1 billion hours of content a month. Mr. Hastings posted his thoughts on the SEC investigation on Facebook. [Facebook]

Because you’re dying to make “eggnog cinnamon Read More


Gilt Groupe Names New CEO: Former Travelocity CEO Michelle Peluso

Ms. Peluso (Photo: Working World)

Earlier this afternoon, Gilt Groupe named a new CEO to replace founder (and current CEO) Kevin Ryan. Michelle Peluso, formerly the president and CEO of Travelocity, will take the top slot at the flash deals site beginning in February. Ms. Peluso, who currently serves as the chief marketing and Internet officer at Citigroup, is also the only outside member of Gilt Groupe’s board who isn’t an investor. She joined the board in October 2009.

“There aren’t that many people that you would trust to become CEO of a company that you’ve spent five years building and that has a thousand people,” Mr. Ryan told Betabeat by phone. “She’s always been my first choice. But in the process, midway through, you can’t say ‘Oh my God, I really want Michelle,’ because she hasn’t said yes yet; we haven’t made an offer yet.” Read More

shameless rumormongering

Rumor Roundup: Leaking to TechCrunch Will Cost You,, and the Great Kanye Hunt Continues

(Photo: Jessi Hempel, Twitter)

Facebook Fiasco Claims Another Scalp Remember that time Bob Woodward and Carl Bernstein kept the name of their Watergate informant a secret for decades, thereby providing generations of teenagers an excuse to say “deep throat” in high school classrooms? Good thing no one had email at the time!

According to Business Insider, Citigroup tech analyst Mark Mahaney was recently given the boot. Turns out that one of Mr. Mahaney’s underlings was getting a little too comfy with the press. Looking into the Facebook IPO, Massachusetts investigators stumbled across an email from a junior analyst to two TechCrunch reporters that read, in part, “I am ramping up coverage on FB and thought you guys might like to see how the street is thinking about it (and our estimates).” Read More


Citigroup: Hai Guys Ur Accounts Got Hacked a Month Ago K THX SRY

There seems to be an uptick in cybercrime lately, no? Some 200,000 Citibank customers had their accounts hacked at the beginning of May and are just finding out about it now, Reuters reports. Sony similarly dragged its feet when hackers gained access to an astonishing 77 million accounts in April and the company waited more than a week to tell customers their data had been compromised. The hackers got access to names, emails, account numbers and passwords, customers were notified this weekend, and Citibank has replaced cards for compromised accounts.

Citigroup joins Google and Sony in victims club,” says the headline in the International Business Times. We have a Citibank card. Can we be in the victim’s club too?