Facebook alumni startup funding up 137 percent over last year

Mark Zuckerberg and his current employees aren’t the only ones making it big in Silicon Valley today. Former Facebook employees who have struck out on their own and started companies — referred to as the Facebook Mafia — have collectively raised a total of $271 million in funding since 2006, according to a report from venture capital database CB Insights.

Saving Chanel, but losing the web

Much to the dismay of pretty much everyone on the web, a federal judge decided yesterday to allow luxury brand Chanel to seize and shutter 228 web domains that it argued offered counterfeit versions of its products.

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Quora explains why Bitcoins are a bad idea

Investing in and using Bitcoins, a digital currency that can be transferred directly from person to person through the Internet, is a particularly bad idea because it is unstable and is being used as a speculative vehicle. That’s the consensus answer on question-and-answer site Quora.