Exit This Way
Cory Booker’s disaster of a Web startup Waywire was sold to Magnify, a video distribution service. [AllThingsD]
Facebook picked up mobile data analytics company Onavo for roughly $200 million. Perk: It gets an office in Israel! [TechCrunch]
Yahoo CEO Marissa Mayer’s “charm offensive has impressed many on Madison Avenue, but getting advertisers to actually spend more on Yahoo’s Web properties will not happen overnight, industry experts said.” [Reuters]
Purchasing cable channels a la carte is happening sooner than you think…in Canada. If its successful, analysts expect the U.S. to follow suit. [Reuters]
Here’s everything you need to know about 23andMe, the $99 genetics test startup. [Fast Company]
Papa Don't Preach
It looks like Andrew Zucker, the 15-year-old son of CNN president Jeff Zucker, bailed on Waywire just in time. The New York Post reports that according to “well-placed” sources, several high-up Waywire employees have been actively job searching, fueled by the fear that the video curation startup may soon shut down.
Any seasoned Valley-ite knows that the quickest way to startup success is to stock your board with influential, moneyed yes-men: that’ll at least guarantee you a seamless acquisition and subsequent absorption into a corporate borg should the business plan shrivel into dust.
Facebook is futzing with the News Feed once again, making it so you’ll be more likely to see older items that’re more popular. Sure, great. [The Verge]
WhatsApp now has 300 million monthly active users. They’ve got 20 million each in Germany, Mexico, India and Spain. [AllThingsD]
“But his involvement in founding, financing and promoting a private business highlights the significance of his other constituency in the tech industry, which is seeking a bigger voice in national policy in Washington.” [New York Times]
Californians, too, are now pissy about an Amber Alert text message many received. Try to keep it in perspective, people. [L.A. Times]
Is hyper-efficient Jeff Bezos ready for the gloriously inefficient world of newspapering? [Reuters]
If you were hoping to get rich off of being one of the first to build apps for Google Glass, think again: Google has prohibited developers from using ads or charging for apps. We’re betting Google wants to keep that potential ad revenue all to itself. [The Verge]
Sources tell Bloomberg Twitter is seeking a deal with Viacom and Comcast that would allow it to host clips (as well as ads alongside those clips) on the site. Can’t you at least verify @Jack’s parents first? [Bloomberg]
Binge-watching shows is about to get a whole lot easier: Netflix is finally ditching Microsoft Silverlight in favor of HTML5 video. [The Verge]
IBM execs are headed to Washington to try to convince politicians to pass CISPA. Paging Alexis Ohanian! [Hillicon Valley]
Cory Booker’s Waywire startup has finally launched in beta. [PandoDaily]
If you’ve ever wanted to check out the “music alcove” in Mark Zuckerberg’s Palo Alto pad or dip a toe in his salt water pool, next month might be your chance. Buzzfeed reports that Facebook’s CEO is hosting a fundraiser at his 5,000 square ft. home to raise money for Republican Governor Chris Christie’s reelection.
Back in 2010, Mr. Zuckerberg, Mr. Christie, and Newark Mayor Cory Booker famously graced Oprah’s couch to announce the billionaire’s carefully-orchestrated $100 million donation to Newark’s public school system. They’ve continued to work together on that education initiative, “earning the praise of reformers, and ruffling teachers unions.”
Facebook chief executive officer Sheryl Sandberg is often thought of as the grown-up around the social media giant, attending to such mundane details as growing revenue and selling the company’s IPO to investors, allowing Mark Zuckerberg to maintain his pose as the company’s hacker-in-chief.
The Start-Up Rundown
While you were clinging to your A/C unit over the weekend, Newark mayor and Twitter addict Cory Booker was ushering his new startup out of stealth mode. The company, called #waywire, is a media platform that combines original and syndicated videos with relevant user-generated content from young adults about what’s important to them and their perspective on issues in the news.
Wait, didn’t Al Gore have the same idea in 2005?
“Traditional news sources aren’t in any way talking to millennials,” Mr. Booker tells TechCrunch. Perhaps the site can start with whether any young adult actually wants to be labeled a “millenial”?
This week in New York tech news and associated items:
DISRUPT APPROACHETH. The TechCrunch mega-conference starts with a hackathon at Pier 94 on May 21, which anyone who has walked through Times Square in the last three days knows is the Rapture. Actual “conference” conference starts Monday and ends with an afterparty Wednesday. Here’s the agenda. Lots of NYC celebs–Arianna, Moot, Kevin Ryan, Fred Wilson, Kickstarter, Tumblr, Foursquare, etc., plus Californians Ron Conway, Paul Graham, Ashton, Sequoia Capital–doing fireside chats and things.