Eager investors and IPO cynics alike can cool their jets: Twitter CEO Dick Costolo says the company is in no rush to go public.
"We are going to remain private as long as we want," Costolo told the Los Angeles Times this week in a wide-ranging interview about the state of the Twitter union.
"I like being private for all sorts of reasons. It allows us to think about the business and the way we want to grow it ... as opposed to being beholden to a particular way of growing the business, such as quarter to quarter."
Costolo says the slow lane approach isn't because of any concerns about making money or the health of the company.
Sun Valley and self-driving cars aside, the story of the day today is that social news site Digg has sold its remaining assets for $500K to the NYC-based tech firm Betaworks. While that number is indeed in the ballpark, we're hearing from multiple sources that the total price of the Digg acquisition was
around $16 million, including the price paid for IP by a previously unreported acquirer, LinkedIn.
According to a familiar source, the Washington Post ended up paying $12 million for the Digg team. Around the same time, career social network LinkedIn paid between $3.75 million and $4 million for around 15 different Digg patents including the patent on "click a button to vote up a story."
Yahoo Confirms, Apologizes For The Email Hack, Says Still Fixing. Plus, Check If You Were Impacted (Non-Yahoo Accounts Apply)
There are still a lot of questions about this alleged Yahoo Voices data breach — including whether there was a reason behind the breach in the first place — but Yahoo has now officially confirmed that the data did in fact come from its servers, and that "approximately" 400,000 email addresses and passwords have been leaked in plain text online.
Meanwhile, security specialists are now parsing the data and one has created a script to check if your email address (which doesn't have to be a @yahoo.com address) is among those exposed.
In a statement in which it apologizes for the attack, Yahoo tells us that the data came from an older file from the Yahoo! Contributor Network (which it picked up via its Associated Content acquisition). But it also noted that less than five percent of the emails had valid passwords, and that it is now working to fix the vulnerability that led to the disclosure — note, it didn't say it's fixed yet.
As our content is scattered across sites like Facebook, Instagram, and YouTube, the idea of a single, standalone website is starting to feel a bit quaint. On the consumer side, we're seeing that with products like About.me and Flavors.me, which try to unify your various social identities in one place. Now a digital agency called Sparkart is tackling the problem from the brand and business side, with a product called Storyteller.
Facebook is teaming up with CNN to socialize coverage of the 2012 election, as the social network aims to become a "second screen" for political coverage.
The new experience, "America's Choice 2012," will encourage Facebook's 160 million U.S. users to share their political views through an app, buzz measurements and surveys. The two companies will aggregate users' sentiment and CNN will incorporate the findings into its coverage.
"Each campaign cycle brings new technologies that enhance the way that important connections between citizens and their elected representatives are made," said Joel Kaplan, Facebook's vice president of U.S. public policy. "Though the mediums have changed, the critical linkages between candidates and voters remain. Innovations like Facebook can help transform this informational experience into a social one for the American people."
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