Ideal Bite, the green-flavored lifestyle newsletter business Disney bought in June 2008, faces an uncertain fate: Its parent company is shuttling the unit from one corporate silo to another and says it’s not sure what will become of it once that happens. Translation: The job market is going to see a few more resumes.
Can the hype surrounding buzzy tech like Twitter, the Kindle and cloud computing get any louder? No, pronounces tech consultancy Gartner Inc., which has a very official-looking chart to make its case. But are you better off being on top of the “Peak of Inflated Expectations” or working your way up the “Slope of Enlightenment”? Who knows?
DailyCandy CEO Pete Sheinbaum is leaving the company, less than a year after Comcast bought the fashion and shopping newsletter from Bob Pittman’s Pilot Group Ventures for $125 million. His last day is Friday. Sheinbaum, who started working for the company as a consultant in 2000 and took the top job in 2005, says he doesn’t have a new job lined up yet. “I let them know after nine years it was time to look for the next thing,” he says via email. No word yet on a replacement.
Remember the good old days of 2002, when many of us were out of work and the Dow was hovering around 7300? OK, so things haven’t changed that much, after all. Here’s a reminder of Web 1.0 buzzwords that seemed novel at the time, but have proved surprisingly–and in some cases, frustratingly–resilient.
Tumblr is exactly the kind of start-up that’s supposed to be gasping for air in today’s dismal economy: A trendy but niche Web service with a prominent founder and exactly zero revenue. Instead, it has raised a $4.5 million funding round from Union Square Ventures and Spark Capital, which values the company at around $15 million.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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