Mark Zuckerberg, top VCs drop off Forbes’ billionaire list
Financially, it’s been a tough year for almost everyone, even the absurdly rich. Some of the tech world’s richest men are billionaires no more, according to Forbes’ new list of the world’s billionaires. Among the most notable dropoffs (for VentureBeat readers) are Facebook’s Mark Zuckerberg, Sequoia Capital’s Michael Moritz and venture capital pioneer Arthur Rock.
Last year, Zuckerberg (then 23) was estimated to be worth $1.5 billion, making him the world’s youngest billionaire. Now he’s lost… Continue Reading
Roundup: Ashton’s new show, Woz’s new company and more
Here’s the latest action:
Pansonic lays off 15,000: The consumer electronics giant shed 5 percent of its work force. It joins NEC, Sony, Hitachi and other Japanese companies in announcing major layoffs.
Ashton Kutcher’s Katalyst Media teams up with Slide on new series — The show, called KatalystHQ, is the first sponsored web series to premiere on Facebook.
Steve Wozniak takes a job at storage startup Fusion-io — The Apple co-founder already sat on the Salt Lake City company’s advisory… Continue Reading
Roundup: Obama’s environmental policy, Sun’s big loss, and more
Here’s the latest (mostly depressing) action:
President Obama reverses Bush policy on environment — Obama endorsed California’s strict limits on greenhouse gas emissions, and vowed that the federal government will follow suit. Auto manufacturers’ responses were “similar in their ambiguity and political correctness,” according to The New York Times.
Sun posts a $209M loss — At fault are falling demands for servers and storage, as well as a big restructuring charge.
AdMob offering Android-specific ads — The move mirrors AdMob’s similar… Continue Reading
Roundup: Virtual sex bed suit, Geni, Gay.com, Netvibes, Helio and more
Here’s the latest (ahem) action:
Second Life avatar sues another avatar, over virtual sex bed — We should have predicted this. Second Life entrepreneur Kevin Alderman has filed a copyright infringement lawsuit against Second Life resident Volkov Catteneo. This is apparently the first time an avatar has sued another avatar in the virtual world. Alderman, who has made money before in Second Life by selling a virtual island for $50,000 (real money), says his avatar, Stroker Serpentine… Continue Reading