For the Love of God Think of the Interns

Here’s What Tech Companies Pay Their Interns; Prepare to Cry

Screen Shot 2014-11-24 at 1.53.25 AM

When most kids decide on their summer internship, they have to ask themselves tough questions: Can I afford to take an unpaid internship? And which potential offer is most likely going to lead to a job down the road?

Young coders, however, are more likely to wonder if $20,000 for the summer is really that much better than $19,000.

When Jessica Shu, a 19-year-old wunderkind at Cornell, was weighing her options for the summer, she wanted to be damn sure of her options. After digging around Reddit, asking colleagues and messaging around, she compiled a list of what Silicon Valley’s hottest companies are offering their interns — or at least were last summer — and posted it to Hackathon Hackers, a student coder community. Read More

Office Space

Square To Open East Coast Headquarters in SoHo

375 W. Broadway (Screengrab: Google Maps)

Square, the company that makes those little white devices that enable small businesses to accept credit card payments, has just announced they’ll be opening East Coast headquarters in New York’s SoHo neighborhood, at 375 W. Broadway.

Since expanding to the city in October 2012, Square’s New York staff have been working from the offices of 80/20, the design agency Square acquired, at 121 Greene St. The new office will enable the company’s New York team to expand to more than 350 employees, a press release said. Read More


Booting Up: Square Has a 75-Year-Old ‘Granny’ Adviser

Twitter? (Photo: AllFacebook)

Square regularly asks for advice from a 75-year-old “granny” of an employee. [WSJ]

If you ignore Patch, AOL might finally be making money from its content verticals. [AllThingsD]

Twitter employs a Postmaster in charge of all those pesky emails that you’re regularly bombarded with. [TNW]

Apple sent a takedown notice to, a site that helps customers track the whereabouts of their devices, because it violates the site’s TOS. [The Verge]

Facebook is testing a Trending Now module to ensure that those words becoming meaningless. [AllFacebook]


Booting Up: Facebook Swears It’s Still ‘Fully Penetrated Among Teens’

To the teens!

Ignore that Facebook raked in $2 billion revenue last quarter and instead let’s freak out that teens are fleeing the social network. “We remain close to fully penetrated among teens in the U.S,” it, uh, reassured. [Business Insider]

In light of Starbucks CEO Howard Shultz’s departure, Square announced that a former Goldman Sachs CFO will replace him on the board of directors. [AllThingsD]

Kickstarter announced a series of top-level changes. Cofounder Yancey Strickler is the new CEO, with Perry Chen moving into a chairman position. [Kickstarter Blog]

Google’s Glasses accessory store quietly swung its doors open yesterday. Everything is very expensive, like a fabric pouch that will set you back $50. [TNW]

With Amazon’s new charity program, a generous 0.5 percent of selected purchases will be donated to nonprofits. [Digital Trends]


Booting Up: The New York Stock Exchange Wins This Round

Can @Jack get a souvenir jacket? (Photo by Spencer Platt/Getty Images)

Twitter has chosen the New York Stock Exchange for its IPO. “This is a decisive win for the NYSE,” said the exchange’s head of global listings, rubbing NASDAQ’s face it in. [The Verge]

Glenn Greenwald is bailing on the Guardian for a new media venture funded by (wait for it) Ebay founder Pierre Omidyar. [Reuters]

Let’s everybody have a sad trombone for Yahoo! earnings. [AllThingsD]

Got a debit card? Then you can now email your friends money, thanks to Square Cash. [The Verge]

“While the collection is largely typical of the artist’s whimsical tongue-in-cheek work, there is one thing different about his latest creations: Banksy is sharing them on the social Web.” [New York Times]

startup rundown

Startup Rundown: AT&T Charging Stations Open Around NYC and Square Launches a Coding Camp for Girls

Working at Grind is keeeewl (Photo: Vimeo)

Grind’s a-growin’ We’re wishing a happy housewarming to exclusive coworking platform Grind, which just opened its second NYC location at 39th and Broadway. The company—whose original NYC location is at 29th and Park—offers talented techies and entrepreneurs a functional, comfortable, caffeine-laced space to do their work, outside the confines of the oppressive corporate world. Grind’s new space boasts 1.5 times the square footage of the original, and hopefully that much more gourmet, eco-friendly, ethically sourced coffee. Read More


Booting Up: Jeff Bezos Builds a Biodome


Amazon is planning a big biodome at the foot of its new HQ, because Jeff Bezos. [Gizmodo]

More people are using their tablets on planes. Someone actually paid to conduct this study. [USA Today]

Square has expanded to Japan. [The Next Web]

Kim Dotcom says he invented two-factor authentication and Google, Twitter and others are engaging in “massive IP infringement.” [The Verge]

Foursquare now offers more specific search and filter capabilities. [TechCrunch]

shameless rumormongering

Rumor Roundup: An Ex-Tumblr Storyboarder Gets a Job and a Foursquare VP Gets Hitched

(Photo: Instagram/aubrey)

Leaning Out of Tumblr Jessica Bennett, the Tumblr employee who was laid off with the shuttering of Storyboard, announced today on Twitter that she’s taken a job with Facebook COO Sheryl Sandberg. “Turns out being fired ain’t that bad,” she tweeted, along with a link to a Facebook post by Ms. Sandberg herself announcing Ms. Bennett’s hiring:

“So excited to welcome Jessica Bennett to the Lean In team! Jessica is joining us to run Editorial – helping us connect women all over the world with their passion for leaning in! Special thanks to Nell Scovell and Rachel Sklar for introducing us to Jessica!”

How much leaning in was required to land that job? Read More


Booting Up: Jack Dorsey Wants to Disrupt Your Big Mac

GOOD MORNING. (Photo: Google+)

News broke late Friday night that daily deals site LivingSocial was hacked, exposing the personal data of 50,000,000 users. [New York Times]

Robert Scoble showered in his pair of Google Glass and everyone on the Internet cried themselves to sleep. [Google Plus]

Jack Dorsey has a new plan for world domination: revamping how McDonald’s charges you for that Big Mac. [USA Today]

Facebook is losing users quickly as many decamp for new social network experiences on platforms like Path. According to one study, just last month the site lost 6 million U.S. users, a 4 percent drop. [The Guardian]

What you Google can predict how the stock market behaves. Time to buy all the stocks in “Sergey Brin arms” then? [BBC]

Zuck apparently wears a t-shirt while swimming in the ocean. Who’s surprised? [Valleywag]


Jack Dorsey Can’t Even Look at a Picture Anymore Without Wanting It to Be a Vine

Mr. Dorsey and Ms. Brown. (Photo: Courtesy Hearst)

Twitter cofounder and Square CEO Jack Dorsey took the stage in a non-Silicon Valley venue this afternoon: an auditorium in the Hearst HQ, for a chat with Harper’s Bazaar executive editor Laura Brown. 

Fittingly for an audience of stylishly attired editorial belles, Ms. Brown led by asking Mr. Dorsey about his leadership philosophy. The man, it seems, likes to think of himself as an editor.

“I’ve studied a lot of editors, I’ve studied a lot of newspapers and magazines,” Mr. Dorsey explained. He thinks of his own job as editing the team (brings new meaning to “kill your darlings”), as well as crafting both mission and product for the company. “It’s a constant chance to make it better and better and better and better. Sometimes the best edit is a complete rewrite,” he concluded. Read More