Roundup: VC departure complications, Facebook ToS issues not stopping growth, and more
Here’s the latest action:
Pierre Lamond’s departure from Sequoia: It’s complicated — The famed venture capitalist left top investing firm Sequoia Capital earlier this week to join fellow investor Vinod Khosla — but his defection doesn’t appear to have been as amicable as it first appeared, and the relationship between Lamond and Khosla is still being sifted out, according to peHUB.
A bad new record — It’s official, the market has fallen further and faster than it did in the Great Depression.
Facebook terms of service debate not affecting growth — While a substantial number of Facebook users read the revised terms after the changes were extensively covered by the media last month — and the number of deactivations increased — Compete finds that overall growth has continued upward.
WiMax company Clearwire doesn’t see profits anytime soon — The company, which is trying to roll out the wireless broadband technology called WiMax, discusses its continuing losses here.
Jason Calacanis, founder of search engine site Mahalo, hired a hacker-felon by mistake — But he defends his decision — More on his blog and Techmeme.
Blogger Robert Scoble out at Fast Company — He’s in the middle of negotiating something else, he says.
Sumner Redstone subpoenaed over suspect Midway Games bankruptcy dealings — Court documents here.
Zoho releases version 2.0 of its word processing software — The company talks about the changes here.
Facebook loses a business development leader — Gawker has the scoop.
MySpace, PhotoBucket see traffic drop — Hitwise has more.
Next Story: Backtype launches comment-tracking tools, gets seeded
Previous Story: How ugly can the chip business get?
About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.
-
Gadget Sleuth