Techmeme
March 6, 2014, 7:50 PM

Top News

Leah McGrath Goodman / Newsweek:
Elusive bitcoin founder Satoshi Nakamoto is reportedly a 64-yr old living in California  —  The Face Behind Bitcoin  —  Satoshi Nakamoto stands at the end of his sunbaked driveway looking timorous.  And annoyed.  He's wearing a rumpled T-shirt, old blue jeans and white gym socks …
Mark Gomes / Seeking Alpha:
Pixelworks Discloses Relationship With Apple  — Wednesday afternoon, Pixelworks made a major (and mandatory) disclosure to the SEC that Apple represented more than 10% of its revenue.  — The stakes couldn't be higher for Apple.  Any consumer device that can run a smart phone operating system is strategically important.
Brian Solomon / Forbes:
Pixelworks Surges Over 80% After Revealing Relationship With Apple  —  From televisions to tablets, the world is going high definition — and companies that produce the technology to enable ever smaller and higher-def packages are going to profit.  —  That's the operating thesis under …
Brooks Barnes / New York Times:
Disney's Game and Internet Division Cuts One Quarter of Its Workforce  —  GLENDALE, Calif. - Disney's struggling video game and Internet division laid off roughly 700 employees on Thursday, or 26 percent of its global staff, in a major retrenchment that includes a shift in advertising strategy at Disney.com.
Dan Primack / Fortune:
Sean Parker formally leaves Founders Fund  —  Sean Parker will not make new investments for Founders Fund, but will maintain board seats like Spotify.  —  FORTUNE — Sean Parker is no longer making new investments on behalf of Founders Fund, a San Francisco-based venture capital firm …
More: Forbes, TechCrunch, Gawker, bizjournals and Pulse 2.0Tweets: @tim
Darrell Etherington / TechCrunch:
Spotify Acquires The Echo Nest, Gaining Control Of The Music DNA Company That Powers Its Rivals  —  Spotify has acquired The Echo Nest, as revealed by an official blog post today.  The financial details of the acquisition haven't been revealed, but The Echo Nest is a self-described …
Neil Chenoweth / Financial Review:
Apple moved $8.9B in untaxed profits from Australia to Irish subsidiary in last decade  —  How Ireland got Apple's $9bn profit  —  US tech giant Apple has shifted an estimated $8.9 billion in untaxed profits from its Australian operations to a tax haven structure in Ireland in the last decade …
Romain Dillet / TechCrunch:
DigitalOcean Raises $37.2M From Andreessen Horowitz To Take On AWS  —  Cloud hosting company DigitalOcean raised a Series A round of $37.2 million at a $153 million valuation led by Andreessen Horowitz.  Previous investors IA Ventures and CrunchFund also participated, but Andreessen Horowitz …
Peter Kafka / Re/code:
Machinima to lay off 42 sales employees as it raises $18M more, led by Warner Bros.  —  Warner Bros. Gets Ready to Bet on YouTube With a Machinima Investment  —  Screengrab courtesy of Machinima via YouTube  —  Machinima, the YouTube network for gamers, has finally found the money it has been looking for.
Emily Price / Engadget:
‘Wello’ iPhone case can track your blood pressure, temperature and more  —  Last year, Scanadu caught our attention with Scout, its simple-to-use tricorder-style health monitor.  Now a new iPhone case promises to make monitoring your vital signs even easier.

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