shameless rumormongering

Rumor Roundup: AOL Is Sunsetting QLabs, Ron Jeremy Has Friends In Tech Places

(Photo: QLabs)

Good news, Silicon Alley denizens. After much demand from fellow gossip-mongers, Betabeat has decided to resurrect your favorite recurring Friday feature. Welcome back to Rumor Roundup! Overheard a juicy tidbit about impending departures or imminent acquisitions? Dying to dish about startup blunders or frothy financing? Holler at your girls: tips@betabeat.com

THE SUN SOMETIMES SETS ON THE AOL EMPIRE¬†Multiple sources have told Betabeat that AOL Ventures plans on shutting down QLabs–the press-shy experimental think tank in Soho located at 670 Broadway.¬†“The time frame must be darn near immediate,” one source told Betabeat, alluding to some urgency around winding down existing projects.¬†“It’s dead,” said a source with indirect knowledge of the decision. “Their funding ran out,” the second source added, speculating that the initiative had a set funding size, but “nothing yielded.” Read More