Here's the latest action:
VC 10-year index in the red -- According to a new report released by the National Venture Capital Association, the 10-year venture capital returns are predicted to be -0.9 percent based on 2009 data. This is the first time it has ever dipped below zero.
Pandora makes your music public, whether you like it or not -- The music streaming service that lets you to create custom radio stations, allows anyone to find your stations if they have your e-mail address, and there doesn't appear to be any privacy toggles.
Twitter revamps trending topics -- The micro-blogging service has updated the algorithm it uses to list the most popular trending topics so that only the freshest, most recent items are picked out.
Facebook makes public status updates public -- Amid the privacy firestorm taking place over the social network's new policies, many users still make their status updates available to the public. Now they will be indexed and searchable.
Apple definitely behind Gizmodo raid -- According to documents just released, it is clear that Apple did push the authorities to storm into editor Brian Lam's residence, following his refusal to return the next generation iPhone prototype, even when CEO Steve Jobs personally requested it.
Google hiring 300 to debug Google Maps -- A bunch of temporary contractors is being onboarded to systematically improve the search engine's mapping service, which has been accused of bugs and inaccuracies. Most of the new workers will be based out of its Kirkland, Wash. office.
BT looks to create iPad rival -- The company showed off a prototype of its forthcoming tablet at a strategy meeting, but all that's known so far is that it will probably be smaller than Apple's iPad. The plan is to compete aggressively.
Apple contractor being sued for poisoning -- Forty-four employees of Taiwanese company Wintek, have filed a lawsuit alleging that they have been made ill by the toxic chemicals involved in cleaning touch screens for the Apple iPhone.
eIQ takes $4M to make solar more efficient -- The company makes inverters that allow solar panels to be connected in parallel instead of a series, so that if one panel is damaged or shaded, the overall energy output is not dampened.
Using microbe membranes for water filtration -- Microvi Biotech claims that it has created a semi-permable membrane populated by strains of microbes capable of removing pollutants from water contaminated by agricultural runoff and other toxins.