Another day, another sky-high valuation for Uber. Today’s figure is $3.5 billion, with $258 million coming from Google Ventures [AllThingsD]
If you’re not interested in joining the Spotify bandwagon, Pandora is now ending its 40-hour monthly cap on mobile streaming thanks in part to good ad revenue. [CNet]
Since you people can’t stop watching House of Cards and Orange is the New Black, Netflix is speeding up its spending on original content. [Variety]
Larry Ellison’s foundation dishes out $40 million a year in research grants to end mortality. God bless him, tbh. [Business Insider]
Once a major competitor, Travelocity’s search platform is now going to be powered by Expedia. [Skift]
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.”