Video site Veoh, one of the biggest players in the “who will be the next YouTube” competition, is restructuring the company, laying off a good chunk of its staff and replacing CEO Steve Mitgang with founder Dmitry Shapiro. Shapiro says the company, which has been primarily focused on playing video and selling ads on its own site, will now be concentrating on a new “Video Compass” player that users will have to download onto their Web browsers in order to use.

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Here’s a tiny bit of sunshine, via ComScore CEO Gian Fulgoni: E-commerce sales were up two percent in February. That’s not much, but it’s better than the fourth quarter of last year, when e-commerce sales declined for the first time ever, dropping three percent. Best-case scenario? “We might well have bottomed out with consumer spending.”

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How did MegaVideo.com become the 10th most popular video site in the U.S.? By offering users really easy access to pirated movies and TV shows. If Hollywood doesn’t want to end up like the music business, it’s going to have to move very quickly.

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Anyone who pays attention to Web video knows what the top sites are: YouTube, followed very far behind by the big sites run by big media conglomerates. So how did an obscure Hong Kong site just crack the Top Ten?

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Everyone knows that the New York Times is a relic of the analog age, and that its inability to adapt to the Web will doom it… one day. Until then, we’re all reading the New York Times.

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See! Twitter did have news to report this week–but not about its elusive business model. The Web 2.0 microblogging-messaging platform everyone (or at least some of us) loves to obsess about has raised another $35 million.

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Think of how much time you spend on the Web when you’re gainfully employed. How much would that increase if you weren’t? Something to think about as you ponder data from a variety of sites reporting increased traffic in January–the same month that 600,000 Americans lost their jobs.

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Barack Obama’s inauguration was indeed a big day for Web video. But it appears as if the Internet audience wasn’t nearly as big as the one that watched it on TV. The people who run MSNBC.com, CNN.com and Foxnews.com aren’t complaining, though–they all saw huge increases in traffic.

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Video viewers at Google’s site won’t stick around very long. But they do come back over and over and over again. Surely someone can turn this into a business, right?

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The video site saw a huge surge in interest during the fall. But its post-election audience may not have eroded as much as we thought.

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ComScore, the Web analytics company which has been bringing us a weekly installment of grim news about Christmas sales since November, weighs in with its newest update. You may have heard this one before.

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File under “interesting, but understandable”: After a flurry of election-related interest in October, traffic to red-hot Hulu fell off in November. Blame Sarah Palin–or the lack of her.

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While it’s true that Time Warner’s magazine unit is embattled, there are bright spots in the portfolio. Take People.com: The gossip magazine has always been one of Time Inc.’s strongest performers. Now its companion site is, too. Who gets credit? Some of it goes to celebs like Ashlee Simpson, and their babies.

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Yes, Cyber Monday sales were better than expected–up a not-terrible 15 percent. But Citigroup analyst Mark Mahaney has gone ahead and cut his estimates for the world’s leading e-commerce company anyway: He thinks Amazon’s sales will grow seven percent this quarter, down from his earlier estimate of 16 percent growth.

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As promised, here are the comScore Cyber Monday numbers: The Web measurement firm says sales increased 15 percent over last year’s totals.

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