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Showing posts from January 17, 2010

Google Co-Founders Plan To Sell Up To 10 Million Shares Over Next Five Years

Google co-founders Larry Page and Sergey Brin plan to steadily sell off up to 10 million shares of stock over the next five years, according to an SEC filing . At today's closing price of $550, those shares would be worth $5.5 billion if sold immediately. Although the two co-founders hold Class B shares with super-voting rights, if they sell all 5 million shares, their voting control will drop from 59 percent today to 48 percent. From the filing: Google co-founders Larry Page and Sergey Brin plan to steadily sell off up to 10 million shares of stock over the next five years, according to an SEC filing . At today’s closing price of $550, those shares would be worth $5.5 billion if sold immediately. Although the two co-founders hold Class B shares with super-voting rights, if they sell all 5 million shares, their voting control will drop from 59 percent today to 48 percent. From the filing: Larry and Sergey currently hold approximately 57.7 million shares of Class B common

Twitter Looks To Help Bring Hope To Haiti With Hope140.org

Since the crisis in Haiti began, Twitter has played a big part in helping raise awareness of the tragedy. It's also helped charities and celebrities reach out to the community to encourage donations toward the Red Cross and the other organizations working hard to help the situation. Today, Twitter is launching a portal at Hope140.org for people looking to help Haiti, but who don't necessarily know where to start. The site features a collection of recommended tweeters and Lists, including charities and people who are actually reporting from the field. A stream of recent tweets about the crisis is scrolling by in real time. And a large part of the page is dedicated to helping non-profits connect with the Twitter community, as a sort of best practices guide. It also calls out tonight's Hope For Haiti Now Telethon , which begins at 8 PM EST and is being hosted by George Clooney, Wyclef Jean, and Anderson Cooper. Since the crisis in Haiti began, Twitter has played a

Mobile Tech Developer Motricity Files For $250 Million IPO

Motricity , a Washington-based company that develops a software platform for mobile phones, has filed for an IPO of up to $250 million. Motricity's core product is the 'mCore Platform', which offers a mobile search engine, storefront, and channels that allow carriers to deliver content to their customers. The company often acts as "the brand behind the brand" as it builds mobile software. Motricity's carrier clients include AT&T, Verizon, T-Mobile, Sprint, and Virgin Mobile. Enterprise clients include TBS, Showtime, Vogue, and Yahoo. Motricity , a Washington-based company that develops a software platform for mobile phones, has filed for an IPO of up to $250 million. Motricity’s core product is the ‘mCore Platform’, which offers a mobile search engine, storefront, and channels that allow carriers to deliver content to their customers. The company often acts as “the brand behind the brand” as it builds mobile software. Motricity’s carrier client

The Apple Tablet Rumors The Other Blogs Are Afraid To Publish

CrunchGear is, as you know, the internet's primary nexus for trade secrets, corporation-breaking revelations, and the latest salacious home videos of tech CEOs (yes, Jen-Hsun Hwang, we have that one). Our power to elevate or crush giants in the industry is kept in check only by our unerring discretion — and by a set of laws, carved into amber slabs and venerated constantly in a hidden shrine deep beneath Mountain View. But now and then our vast intelligence network brings in news of such inestimable importance that we must share it with our readers regardless what empires it may topple. Apple's event on the 27th is whipping the internet into a foaming frenzy, but I think you'll agree that the rumors so far have been pretty tame. 3G? Front-facing camera? Aluminum casing? You people underestimate Apple's dedication to bucking expectations. We've heard things that will curl your toes, and now, after much deliberation (and fortification of the shrine against the a

Twitter’s Revamped SUL Has Greatly Crippled The SUL Advantage

As you probably heard, yesterday, Twitter rolled out its revamped suggested users list (SUL). The list was a source of much controversy because those on it (including the @TechCrunch account) were assured to gain thousands of followers a day. And many of the accounts on it long enough had over a million followers. Obviously, many users not on it didn't consider this to be fair — while plenty of those on it also thought it was kind of BS . After all, if you're on it, and followed by a million people, any link you send out is likely to get many, many more clicks then by someone followed by a few hundred people. Even Twitter co-founder Evan Williams didn't like it . So Twitter made a change. And guess what? It worked. While the numbers coming in are still very early (only based on one day), it appears that across the board, those who were on the SUL before and after the change are seeing dramatic drops in the numbers of users following them each day. In some cases, SUL