Here’s the latest action:
Cleantech has another record quarter — A total of $1.6 billion went into cleantech during the most recent quarter. However, much of the money came in a few massive later-stage rounds, so the sector shouldn’t breathe easy in the face of recession.
US economy contracts most in seven years — Analysts expect a massive 2.5 percent drop in GDP growth next year. More detail at Reuters.
MTV exec may head MySpace Music — MTV vice president Courtney Holt may be offered the vacant top position at the new MySpace Music, according to CNET.
Imeem adds global indie labels — Social music sharing site Imeem has agreed to join with Beggars Group and Matador Records to promote the label’s artist rosters on its site.
EMusic cutting 10 percent of staff — Meanwhile, music subscription service eMusic will slice 10 percent of its workforce, citing slowing growth.
Google not such an inspiring example after all — Downturn optimists like to point to Google as a company that started in the downturn and went on to stunning success. GigaOm shreds that “modern day fable”.
Sun dims — Server maker Sun Microsystems reported a huge $1.68 billion loss for its third quarter. Critics say the company must change its tactics.
Game companies accuse innocent of copyright infringement – Non-gamers have been caught in the crossfire of copyright protection efforts by game companies, reports the BBC.
Lithium-ion still tricky for electronics — Sony is embroiled in another battery recall after finding out that yet another batch of notebook batteries are a risk.
12seconds partners with BBC, Current TV — Video instant messaging service 12seconds, the “Twitter of video”, is joining with two major media outlets to do election coverage.
Social sharing is vital to video consumption — MySpace, YouTube and AOL executives on a panel all agreed that video has a vital social component. Watch the video, below.