Exclusive: Yahoo Finally Set to Strike Alibaba Share Deal — Half Now, Then Half of What’s Left After Eventual IPO

May 18, 2012

Yahoo is in the final stages of selling a large chunk of its stake in the Alibaba Group back to the company — in a complex deal that is set to include a multi-billion-dollar share buyback to investors of the Silicon Valley Internet giant and an eventual IPO of the Chinese company — according to [...]

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Facebook Cheers On Mark Zuckerberg. Wall Street Gets Its Chance Soon

May 18, 2012

Facebook employees give their CEO a standing ovation at the start of the company’s pre-IPO hackathon, which will run through the night and finish up shortly before FB shares begin trading on the NASDAQ. Photo via Facebook Product Designer Francis Liu, who has a set of pictures documenting the event.

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Kleiner Perkins Refills Wallet With $525M for Early Stage Companies

May 18, 2012

Sand Hill venture capital firm Kleiner Perkins Caufield & Byers has closed its fifteenth fund today of $525 million. As had been previously reported, the fund will not be managed by KPCB’s Brook Byers, Bill Joy, Ray Lane and Aileen Lee (who is now doing a seed fund), though those partners will continue to be [...]

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The King Is Dead, Long Live the … Whatever: Levinsohn’s Management Moves at Yahoo (Internal Memo)

May 18, 2012

Here’s a memo that interim Yahoo CEO Ross Levinsohn sent his troops earlier today about some management switcheroos. No surprise that ousted CEO Scott Thompson’s first big hire from his former job at eBay’s PayPal unit is gone — just-installed-a-minute-ago commerce leader Sam Schrauger. (Also out, but not in the memo is PR head Amanda [...]

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Twitter Tailors Your Who to Follow List, But Only if You Want It

May 17, 2012

Twitter began rolling out tailored suggestions for users to follow on Thursday, aiming to give Twitter newcomers better direction in learning how to navigate the somewhat abstruse microblogging platform. The suggestions stem from a tracking cookie Twitter sends to new users, allowing the company to see sites visited within the past ten days. Twitter then [...]

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