Daniel S. Loeb, the Third Point LLC hedge fund manager whose fight for control of Yahoo paved the way for Marissa Mayer’s appointment as CEO, is on the verge of gaining control of another seat on the company’s board. Read More
Sounds like changes are coming to that staple of the Silicon Alley social calendar, Internet Week New York. Crain Communications–the company behind publications like AdAge and Crain’s New York–has made a “strategic investment” in the festival. What’s more, the publishing conglomerate will be taking a role in the event itself.
An unlikely marriage, to say the least.
According to an announcement, Crain and the Internet Week team will “grow the festival under a shared vision,” but Crain will be taking over day-to-day management. Read More
So much for “hyperlocal” news as the Next Big Thing. Ad Age Digital reports AOL is preparing to make big changes to Patch. Instead of replacing the vanishing hometown newspaper, AOL chief executive Tim Armstrong says Patch.com is now on course to take on classified ads giant Craigslist: Read More
Foursquare’s well-dressed cofounder Naveen Selvadurai announced today that he has decided “to transition out of foursquare” almost exactly three years after the company launched at SXSW 2009. The announcement comes as a surprise; Foursquare is going strong with 15 million users and a second office in San Francisco. But Mr. Selvadurai is ready for his next entrepreneurial venture, the cofounder said, and Om Malik is reporting that Foursquare investor Spark Capital snatched up some of his stock. TechCrunch’s Eric Eldon reports that SV Angel is also buying employee stock. Read More
On its staff blog yesterday, Tumblr revealed a new policy in works regarding self-harm blogs. “Our Content Policy has not, until now, prohibited blogs that actively promote self-harm. These typically take the form of blogs that glorify or promote anorexia, bulimia, and other eating disorders; self-mutilation; or suicide,” the company wrote.
It makes sense that a platform that often serves as the digital equivalent of your adolescent diary to try to grapple with issues of plague that demographic. (Of course, these kind of insidious mental health problems are not solely the province of the young.) But woo boy, is this a slippery slope of where that line gets drawn, which might be why reaction to the post from users is mixed.
“We are deeply committed to supporting and defending our users’ freedom of speech, but we do draw some limits,” says the post, offering much more clear-cut examples like identity theft and spam. Read More
Aviary has done pretty darn well for itself in the four months since launching its mobile SDK. In a blog post announcing a new version of its embeddable photo editing software for web and mobile, the puppy-obsessed startup shared some noteworthy stats. Aviary is now editing more than 10 million photos were month on mobile alone and picked up 300 partners through its API. Both in terms of unique users and edits, the company is growing at 50 percent a month.
The Aviary blog features a number of luxe screenshots of what the updated user interface, which includes enhanced speed, sleek dials, overhaul of its cropping tools, and more effects, will look like. But Betabeat spoke to Alex Taub, head of business development and partnerships, to get the full story about the upgrade, which also includes some attempts at monetization. In the meantime, if you want to start playing around with it, Pic Stitch will be the first partner to implement and go live with V2. Read More
CEO Reed Hastings’s letter to Netflix customers may have dominated yesterday’s executive epistolary news cycle, but TheLadders.com CEO and founder Marc Cenedella also snuck in some pretty big news for the jobs site. In a post on his blog, Mr. Cenedella wrote:
“We’re expanding, and today we say ‘bye bye’ to helping only those over $100,000 and ‘hello’ to helping all career-minded professionals. TheLadders now takes all salary levels and shows the right jobs to the right person.”
Based on a sampling of the post’s 127 comments, folks were not pleased about a move that forgoes the company’s targeted focus for something, they worry, will end up more like Monster.com, but still require a monthly fee. Read More