Here's the latest action:
Pierre Lamond's departure from Sequoia: It's complicated -- The famed venture capitalist left top investing firm Sequoia Capital earlier this week to join fellow investor Vinod Khosla -- but his defection doesn't appear to have been as amicable as it first appeared, and the relationship between Lamond and Khosla is still being sifted out, according to peHUB. A bad new record -- It's official, the market has fallen further and faster than it did in the Great Depression. Facebook terms of service debate not affecting growth -- While a substantial number of Facebook users read the revised terms after the changes were extensively covered by the media last month -- and the number of deactivations increased -- Compete finds that overall growth has continued upward. WiMax company Clearwire doesn't see profits anytime soon -- The company, which is trying to roll out the wireless broadband technology called WiMax, discusses its continuing losses here. Jason Calacanis, founder of search engine site Mahalo, hired a hacker-felon by mistake -- But he defends his decision -- More on his blog and Techmeme.
Blogger Robert Scoble out at Fast Company -- He's in the middle of negotiating something else, he says.
Sumner Redstone subpoenaed over suspect Midway Games bankruptcy dealings -- Court documents here. Zoho releases version 2.0 of its word processing software -- The company talks about the changes here.
Facebook loses a business development leader -- Gawker has the scoop.
MySpace, PhotoBucket see traffic drop -- Hitwise has more.
