Roundup: FriendFinder sued for risky business, Digg toolbar sighted, Nokia looks to laptops and more
Here’s the latest action:
Pirate Bay takes fascist funds — The large bittorrent tracker’s major financier, Carl Lundstrom, has been connected with neo-nazi groups and political parties.
Nortel lays off 3,200 more — The telecom company will cut its global workforce by 10 percent over the next several months as it tries to bounce back from bankruptcy.
FriendFinder called out for risky business — The adult web site’s former human resources director is suing over scandalous behavior and violation of labor… Continue Reading
Roundup: MySpace to launch music service, Wall Street firms crumble and more
MySpace to launch free digital music service – MySpace Music sounds interesting, but it may not quite live up to Fortune’s declaration that it “promises to be the most significant roll-out of a digital music service since Apple’s iTunes.” Since you have to purchase songs from another service like iTunes if you want to download them, this doesn’t actually sound much more useful than existing service imeem. Meanwhile, the Los Angeles Times has some speculation about… Continue Reading
Lehman jumps on Silicon Valley bandwagon: “Content may no longer be king in the entertainment business”
Here in Silicon Valley, it has become a sport to beat up on traditional media companies for doing things like enforcing content copyrights. The argument you hear in these parts goes something like this: The way of the future is for content to be completely free, so media companies have to adapt to that or die. End of story. Meanwhile, Wall Street analysts are increasingly thinking the same thing.
The latest: Today, an analyst at investment bank… Continue Reading
VeriSilicon raises $20M more for chip design technology
VeriSilicon Holdings, a provider of a “system-on-a-chip” design technology, said it has raised US$20 million in a fourth round of financing.
The company is based in Santa Clara, Calif, with operations in Shanghai, China.
The company has now raised US$58 million since it was founded in 2001.
From the release:
This round was led by China Investment Fund (CIF), a business alliance between IBM and Lehman Brothers, and joined by VantagePoint Venture Partners and existing investors including Austin Ventures,… Continue Reading