Forbes buys self-publishing news site True/Slant

Independent journalism site True/Slant, founded a year ago by former AOL news executive Lewis DVorkin, has been acquired by relatively deep-pocketed publisher Forbes Media, DVorkin announced in a post this morning. Terms of the deal have not become available yet, but Forbes is expected to use True/Slant as a “blog farm” to grow stories that Forbes can redistribute.

Luxury sample sale sites Gilt Groupe and RueLaLa pick up traffic

Luxury spending may be down, but that doesn’t mean fashionistas aren’t clamoring for deals. Sample sales, which have been around for years, are often a way for designers to get rid of overstocked pieces and clothes that didn’t sell well in stores — at a steep discount. Shoppers in the know can get onto mailing lists to attend boutique and warehouse sales. But now it looks as if that exclusive trend is progressively moving online, with unique visitors to online sample sale sites increasing over the past year — and among them — according to a recent report from Compete.

How Vkontakte and overcame lawsuits, drama, and intrigue to reach a happy ending

Last week, Group, the LSE-listed Russian Internet giant, announced it now fully controls Vkontakte (, the leading Russian language social network with over 250 million registered accounts and 60 million daily users. The group, which already owned 52 percent of the Vkontakte, bought the remaining 48 percent stake from UCP, the Russian investment fund that had become a VK shareholder in April last year. The all-cash transaction amounted to $1.47 billion.