Techmeme
March 6, 2014, 9:10 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 …
Timothy B Lee / Bottom-up:
Nakamoto's disappearance was essential to Bitcoin's growth  —  Why Satoshi Nakamoto worked so hard to hide his identity  —  We may now know who Satoshi Nakamoto, the creator of Bitcoin, is.  According to Newsweek, he's a reclusive 64-year old Japanese man who lives in Temple City, California.
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: TechCrunch, Forbes, bizjournals, Gawker 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 …
Zachary M. Seward / Quartz:
Twitter ad rates down 18% Q4 2013 according to annual report  —  Twitter's ad rates continue falling, down 18% last quarter  —  Twitter's advertising rate keeps falling.  —  The average cost to advertise on Twitter's website and mobile apps dropped 18% in the last three months of 2013 …
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.
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 …

Sponsor Posts

Microsoft:
Teachers use Bing home page lesson plans to encourage critical thinking skills  —  Find out how free lesson plans based on images like this Siberian tiger from Bing's home page encourage students to explore subjects in creative and thought-provoking ways.
Intel:
Disrupting the Data Center to Create the Digital Services Economy  —  I had the pleasure of joining Tom Krazit on stage at the Gigaom Structure'14 conference to share Intel's vision of the data center in support of the growth of the digital services economy.
VMware:
Top Five Reasons Why Your Organization Should Consider Cloud-Based Disaster Recovery  —  Few organizations can afford the downtime caused by a disaster.  Those capable of weathering such events usually have the datacenters …
Zoho:
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Syncano:
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