Tuesday, May 1, 2012
  • Gavin O'Malley, May 1, 2012, 12:27 PM
  • Report: WaPo Taking Digg's Tech Team No, despite reports by The Next Web, The Washington Post isn’t buying Digg, nor, as TechCrunch later reported, is the publisher buying the social news site’s full staff. WaPo is, however, hiring away -- or buying in bulk -- Digg’s technology team, AllThingsD reports, citing multiple sources. “The Post plans to put the new hires to work alongside the people who built the publisher’s Social Reader Facebook app,” according to AllThingsD. Remarkably, though, Digg’s remain management doesn’t see the development as a death blow. “Once the deal closes, Digg won’t shut down, at least not immediately,” AllThingsD reports. Rather, the once high-flying tech darling will try to figure out how to take advantage of its brand name and traffic, sources say. “Its current management team … has been gamely trying to broaden the site’s appeal by courting mainstream users.” Yet, “Given the fact that Digg has been looking for a buyer for months, it’s hard to see how they’ll be able to find another home for the remainder of the company,” AllThingsD adds.   Read the whole story...
  • Is Discovery Channel Buying Revision3? Rumor has it that The Discovery Channel has been engaged in acquisition talks with online video programmer Revision3 for between $30 million to $40 million. That would put the deal in the range of what YouTube paid for rival video content company Next New Networks last year, TechCrunch points out. Word is that the acquisition could go down as soon as this week, but is Revision3 worth the investment? “ Seven years in, Revision3 and its stable of stars have more than survived the tough early days of building a video content business on the web,” TechCrunch notes. What’s more, “The San Francisco company is now bringing in a respectable 100 million video views per month, following a big 2011.” Revision3 reported ad-based revenue growth of 53% in 2011 -- while leaving the hard numbers to our imaginations. That year, meanwhile, video views skyrocketed by 359% to 800 million views. Over the same period, the company also grew its YouTube subscriber base to more than 4.5 million people, which represented a 400% annual gain. To date, Revision3 has raised $10 million in two rounds from Greylock Partners, with additional funding from Marc Andreessen and Mark Cuban.   Read the whole story...
  • Facebook Tackles Organ Donor Shortage Social media as lifesaver? It sounds like hyperbole or spin, but according to Mark Zuckerberg, Facebook is getting into the business of saving lives. Specifically, Facebook will let patients broadcast their need for organ transplants, and, thus, help eliminate the critical shortage of organs. “Facebook is really about communicating and telling stories,” Zuckerberg told ABC News in an exclusive interview. “We think that people can really help spread awareness of organ donation and that they want to participate in this to their friends. And that can be a big part of helping solve the crisis that’s out there. According to Zuckerberg, he arrived at the idea during dinner conversations with his med-student girlfriend, and was inspired by the experience of his friend and Apple founder Steve Jobs, whose life was extended by years following a liver transplant. Starting this week, users in the United States and U.K. will be able to add that they’re organ donors to their Timelines, and if they’re not organ donors, they can find links to official organ donation registries and instantly enroll, ABC News reports. “We want to make it simple,” said Zuckerberg. “You just put in the state or country that you’re from, so that we can help link you to the official registries.”   Read the whole story...