Tumblr’s employees will also do well. The company’s first 10 employees will receive an average of $6.2 million in cash; the first 30 will receive an average of $3.3 million in cash, and the rest of the 178 employees will each receive $371,000.
However, in a comment on Hacker News, Union Square’s principal, Fred Wilson, calls the numbers offered by PrivCo ”total garbage.” “There is not one fact in this privco thing that is close to right,” he continues. “The numbers are good but nowhere close to that good. This is the same firm that predicted Foursquare would be out of business this year which will also prove to be nonsense.”
The Oxford English Dictionary accepts both pronunciations. They are wrong. It is a soft ‘G,’ pronounced ‘jif.’ End of story.Steve Wilhite, the creator of the GIF, chiming in on the pronunciation of the word. (As everyone knows, choosy memes choose “jif.”) Wilhite, a former CompuServe employee, created the format in 1987 and is to receive an award for his creation tonight.
The Internal Revenue Service official at the center of the Tea Party targeting controversy will refuse to answer questions from lawmakers Wednesday.
Lois Lerner, the head of the exempt organizations division of the IRS, will exercise her rights under the Fifth Amendment when she appears before the House Oversight Committee as scheduled Wednesday.
Can’t say we’re shocked by this news, considering all those involved are likely to end up in court at some point in the future.
A cross-border exchange of fire in the Golan Heights between the Israeli and Syrian armies early on Tuesday triggered a claim by the Damascus regime that a jeep manned by Israeli troops had entered Syrian territory and was destroyed.
The Israeli Defence Forces (IDF) denied the claim, saying shots were deliberately fired at a patrol inside the Israeli-controlled the Golan Heights, causing minor damage and no injuries. “In response, IDF forces returned precise fire at the source and reported a direct hit,” it said.
It was the latest in a string of cross-border incidents in recent months, which have raised concerns that the two-year-old civil war in Syria could spill over into the neighbouring Golan Heights, which Israel has occupied for more than 40 years.
Israel has launched three air strikes against targets inside Syria in recent weeks, all of which the country claimed were targeting weapons/supplies intended for Hezbollah. It remains to be seen what sort of impact today’s exchange of fire will have on ongoing attempts to jump-start peace talks between the Syrian government and rebel fighters.
Apple CEO Tim Cook was facing a Congressional panel today with tough questions about the way the company has organized itself in an effort to lower its tax burden. But at the end of the questioning, John McCain had something else on his mind. That, friends, is what we call a softball.
We got an EXCLUUUUUSIVE first-hand look at the brand-spakin’-new Xbox One.
Check this out both for the exclusive story Wired just scored and the Verge-esque layout.
Watch: PCB gets a visual shout out on GMA’s Yahoo/Tumblr report
At the 41 second mark!
Congrats to PCB, and that interview had painfully obvious talking points. Stephanopoulos called Karp a hipster, leading to awkwardness all around.
13% of internet users ages 18-29 use Tumblr.
Compare Tumblr user demographics to other social networking sites: http://pewrsr.ch/VBAYby
Hey Pew, can you break this down into Dr. Who fans vs. Arrested Development fans for us, and see where the audiences overlap? Thanks.
Apple Operations International is registered in Cork, Ireland, but has “no physical presence at that or any other address,” according to the report. Indeed, the corporate entity has existed for 30 years and apparently never had a single employee. Of the three people on its board, all Apple employees, two live in California; 32 of its last 33 board meetings took place in Cupertino, and the Irish director participated in seven of them. Its assets are managed by a Nevada company, and held in bank accounts in New York.
How to make $30 billion and pay no corporate income tax, the Apple way (via wonklife)
The rotten financial Cork … er, core of Apple?
Yahoo wants to buy Hulu now too. They’re going on an “I...
I’m moving back to New York in a few days. Unlike past...
OMG. I got so...
In this week’s Newsweek, a little...
Tumblr this morning. [h/t anne]
#@#$%!.tumblr.com
Here’s a hidden feature that shipped in...
The confirmed death toll from the Oklahoma medical examiner was lowered from an earlier figure of 51, illustrating the confusion as day broke over the shattered city of Moore. It was not clear how many children were included in the revised death toll, and authorities cautioned the toll could change again.An NBC News story on the death toll from the Oklahoma tornadoes, which was revised down to 24, something the Associated Press reports was caused by counting victims twice during the early chaos of the storm.
…already Sen. Tom Coburn, R-Okla., says he will insist that any federal disaster aid be paid for with cuts elsewhere.
Roll Call (via brooklynmutt)
Not the time.
40 minutes, 20 miles, at least 37 dead: the New York Times maps out the path of the tornado that leveled Moore, Oklahoma
Note the varying count from the prior post.
At Plaza Towers Elementary School, the tornado tore the roof off, and authorities kept hysterical parents back because it was too loud to hear screams for help. A teacher told NBC affiliate KFOR that she draped herself on top of six children in a bathroom to shelter them.
It was not clear how many children were trapped. Students in fourth, fifth and sixth grade were evacuated to a church, but students in lower grades had sheltered in place, KFOR reported. More than two hours after the tornado struck, several children were pulled out alive.
Moore, Oklahoma is a target for tornadoes. As Buzzfeed notes, it’s the fourth to hit the city since 1999. The tornado in 1999, which caused $1.1 billion in damage, was the third-costliest in U.S. history; 36 people died in that tornado.
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