Greedy Bastards

SAC Capital’s Senior Technology Portfolio Manager Arrested In Growing Insider Trading Scandal

SAC Capital

The federal government’s investigations into billionaire Stephen A. Cohen’s hedge fund SAC Capital culminated today in the arrest of one its top portfolio managers who was responsible for technology investments. According to the New York Times, Michael Steinberg, who was arrested at his Park Avenue apartment this morning, became the most senior official of the company to be arrested in the SEC’s ongoing investigation into the hedge fund for insider trading. Read More


Booting Up: Get PSYCHED For a Facebook News Feed Revamp

Zuck listening to the Black-Eyed Peas' "I Got a Feeling." (Photo: In the Capital)

Today Facebook will probably be unveiling a revamp of its News Feed, complete with content-specific streams like a photo feed. Also: bigger, better ads. [TechCrunch]

“Nightmare bacteria” are officially a thing, resistant to antibiotics and haunting your worst hospital-related dreams. So if anybody’s got any really clever public-health ideas, now’s the time. [Washington Post]

“Once I emerged from a coding bender with a fine, downy moss on my legs and trunk, a colony of moths in my hair. Are you honestly ready to bring such a symphony of efficiency to a halt?” [Tim Sniffen]

The EU has no intention of letting U.S.-based tech companies ignore its stringent data-protection laws. [Bloomberg]

But the EU might also be walking back some of its strictest rules. [ZD Net]

Apparently Carl Icahn is being a party-pooper about Dell’s attempt to go private. [Reuters]


Booting Up: Dell Said to Near Announcement for $23 Billion Buyout

Mr. Dell (Photo: Wikipedia)

Dell’s board of directors were said to vote last night on a $23 billion deal to take the company private, with private equity firm Silver Lake Management, Microsoft and company founder Michael Dell among the key players. [AllThingsD]

Competition between on-demand taxi service startups continues to simmer. Later this month, New York City will launch its pilot program for e-hailing yellow cabs. Meanwhile, Uber competitor Hailo is launching a subsidiary in Tokyo. [TechCrunch]

Nearly half of single women research prospective dates on Facebook before they meet, according to Also in the survey, promiscuous sexters! Thirty-two percent of singles have sent a sext, while 51 percent of singles have received a sext, which by our math means some of you are sending more than your fair share.   [Mashable]

A group of Florida investors is hosting something called the “pitch house” at the Startup Conference next week. Sounds like a pilot. [Nibletz]

Benchmark Capital’s Bill Gurley, Chamath Palihapitiya of Social + Capital Partnership and SurveyMonkey’s Dave Goldberg talked Venture Capital and IPOs.  [Bloomberg Television]

Twitter is hiring engineers to beef up security after a recent hacking attempt. [Wired]


‘Dude, You’re Getting a Dell’ Guy Just Wants His Job Back. C’mon, Please?


The “Dude, you’re getting a Dell!” guy gained a modicum of fame in the early aughts for popping up in random Dell commercials and surprising enterprising college students and old people with a Dell computer. (Really? This? I asked for an Apple Powerbook…)

Now, Ben Curtis has reemerged onto the tech scene, exciting dudes everywhere with a nostalgia boner for old computers. And Mr. Curtis claims he knows exactly how to solve Dell’s recent financial woes: hire him back, obvi. Read More


Booting up: It’s a Cold, Cold World (for Those of Us Without Google Fiber)

(Photo: Rex Sorgatz)

Social media is making Google search less useful. Facebook isn’t ready to compete, at least not yet. Welcome to the search desert. [BuzzFeed]

If you’re a PC maker who wasn’t so thrilled when Microsoft launched the Surface, how exactly do you feel about news that the software maker might invest $2 billion in the deal to take Dell private? [Bloomberg]

Apple releases its quarterly earnings report today, and your guess is as good as ours. As far as what earnings mean for the company’s stock, which has plummeted nearly 30 percent since September? How about something in the $1 to infinity range?[@ReformedBroker]

Two Bitcoin casinos say their businesses are minting profit. [Ars Technica]

Larry Page said that Google Fiber was not a “hobby” for his company, during a conference call to discuss quarterly earnings. Cruelly, he didn’t say anything about when the company might expand the product beyond Kansas City. [Los Angeles Times]


Booting Up: Get Off the Couch and on the Road

Screen shot 2013-01-17 at 8.05.21 AM

Ever wish you could play Mario Kart in real life? Guess you didn’t want it as much as these guys. [Wired]

Obama campaign staffer Ashley Arenson, who served as director of innovation and integration during the recent presidential election, has joined Soho Tech Labs in the role of general manager. [AllThingsD]

StumbleUpon is laying off 30 percent of its staff in a move to achieve profitability in the first quarter of this year. [TechCrunch]

A British government agency fined Playboy about $160,000 for failing to install adequate controls to prevent minors from accessing pornographic videos. Seems like a slap on the … wrist. [Ofcom]

Private equity firm Silver Lake Management is said to be close to lining up financing to take Dell private, with a deal possible as early as next week. [Bloomberg]