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:
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Freshdesk:
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