Facebook and the big IPO letdown

Facebook’s IPO has raised hopes in Silicon Valley that the tech industry’s days of wine and roses will soon be back with hundreds of startups going public. Even President Obama seems excited. He recently proposed an “IPO on-ramp” to help young, smaller companies go public.

DST may invest $200M in Chinese microblogging company, Sina Weibo

In July, it was reported that Sina Corp. had turned down Digital Sky Technology (DST)’s $500m investment in Sina Weibo, a Chinese micro-blogging service. But it seems that the talk between two parties is still on going. We just heard from a reliable source that Sina finally accepted the investment from DST, an international investment firm founded by Yuri Milner. The source said the deal can ‘almost’ be confirmed: