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.
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]
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”?