Update: A source with knowledge of the Yahoo/Tumblr discussions says they are proceeding rapidly and likely to result in an offer as soon as Yahoo CEO Marissa Mayer can get her board’s approval. She is said to favor an outright acquisition rather than an investment or partnership. As mentioned above, a lockup agreement prevents Tumblr from holding a bake-off with Facebook, Microsoft or anyone else.
Part of Mayer’s courtship has involved working overtime to convince Karp that his fears of being “absorbed into a behemoth” and “raided for talent and traffic” are unfounded. Karp has made it clear that he would like to run Tumblr for a long time. According to my source, he would remain CEO under the outline of the deal being worked out.
Yahoo chief executive Marissa Mayer thinks that what Blogger did for Google, Tumblr could do for her aging Internet company — make it relevant and a major player on the modern web. And for that she is willing to spend a billion dollars (or perhaps higher) in order to buy New York-based social publishing and sharing platform.
The news of the pending deal was first reported by AllThingsD and later Adweek reported rumors of their deal as well. At least a couple of our own sources say that the talks are serious. We have also learnt that the deal is being championed by CEO Mayer who according to Kara Swisher, has met with the team from Tumblr. We have learned that Yahoo’s New York-based corporate development team is leading the process, though like all deals, talks could fall apart. (We have reached out to respective parties for their comments, but so far we have not heard back from them. We are going to update the post to reflect their responses.)
What could possibly go wrong?
Minutes after Mayor Rob Ford arrived at a contentious community council meeting in Etobicoke on Tuesday evening, he bolted out of his seat, sprinted up an aisle, and left the building — to wander around the parking lot and slap “Rob Ford Mayor” fridge magnets on the doors of cars.
When a reporter told Ford that some people might find his behaviour strange, he retorted that some people find the reporter strange. Magnets in hand, he made no further comment.
Gawker has a story tonight saying there is a video of Ford smoking crack cocaine within the last 6 months, available for any news organization that will pay $1 million. That is not hard to believe, given this behavior.
I don’t know if that’s even ‘likely’ true, but I doubt Cook would say it publicly if he didn’t have a solid reason to believe it. This is an interesting interview to read, and pretty brief. I’m a believer that it is shitty for companies to keep cash overseas just to avoid paying taxes (and whine like 4-year olds about tax rates, which are *not* too high, especially since most of them never pay shit), but it’s worth hearing what Cook’s suggestions are to make it easier and less expensive to get them to move that money back to the States, wherever it makes sense. (by that, i mean, there’s no reason apple or other companies should invest exclusively in the u.s.; other countries buy and sell their products, make them welcome, provide public services and infrastructure, and they should get their fair share of the cash, too. but it shouldn’t be sitting in banks in Singapore just because apple or oracle or google don’t want to pay u.s. taxes on it.)
Brian Chen, reporting for the NYT Bits blog:
Google on Wednesday said it would sell a version of Samsung’s Galaxy S4 running its own “stock” version of Android, not Samsung’s modified version. The device will go on sale in Google’s online store, called Play, on June 26, according to Hugo Barra, vice president of product management for Android. The phone will cost $650 and will come unlocked.
DF reader Jim Lipsey asks: Why doesn’t Google buy up a mobile device company and offer their own phone rather than resell a Samsung handset?
Great question. Why doesn’t Google do that?
If you haven’t vomited yet today, here’s your chance! California startups make a rap video.
As Valleywag says, “Even TechCrunch thinks this is stupid.” And that’s saying something.
Thrifty Startup by 500 Startups (Parody of Macklemore’s Thrift Shop)
WTF? This is amazing. In most states, the highest-paid public employee is a college football coach. In many, it’s a college basketball coach. In one (NH), it’s a college hockey coach. And in every case, it’s someone associated with a college or university.
Once the attackers had access to one Onion employee’s account, they used that account to send the same email to more Onion staff at about 2:30 AM on Monday, May 6. Coming from a trusted address, many staff members clicked the link, but most refrained from entering their login credentials. Two staff members did enter their credentials, one of whom had access to all of our social media accounts.
After discovering that at least one account had been compromised, we sent a company-wide email to change email passwords immediately. The attacker used their access to a different, undiscovered compromised account to send a duplicate email which included a link to the phishing page disguised as a password-reset link. This dupe email was not sent to any member of the tech or IT teams, so it went undetected. This third and final phishing attack compromised at least 2 more accounts. One of these accounts was used to continue owning our Twitter account. [more + advice at the link]
They’re interviewing each other by camera, like they’re in different places, but they’re sitting right next to each other. Why not just talk to each other like normal people? Okay, Nancy Grace can’t be normal, but still, this is weird.
Each year in the Creative Review Annual we choose a Design Studio of the Year. Our winner this time is an in-house studio which has consistently delivered powerful, original work that has revived a sector of the media industry
There’s some brilliant design work in this year’s Annual, as you might expect. Spin has several outstanding projects in our pages, while it’s great to see Brazil, Canada, Australia, the US and mainland Europe represented.
But we have chosen to recognise an in-house design team which has had an enormous impact on its industry.
It strikes me as unusual to select an in-house creative design team for an award like this, but they cite good examples for why they made their choice.
May Day in Seattle [via Seattle Times]
UPDATE AT 9:50 P.M. (PT): Police have made another arrest, this one at Cal Anderson Park. The man was suspected of throwing rocks at police. That brings the total to 14 arrests.
UPDATE AT 9:23 P.M.: Seattle police say one officer was injured when he was hit by an object that was thrown near Minor and Pine shortly after 8 p.m. The extent of the officer’s injuries was not immediately known.
A total of 11 adults and two juveniles have been arrested, police said.
A police official said officers began making arrests after they were pelted with “boulders,” rocks and bottles.
UPDATE AT 9:16 P.M.: Some people on Capitol Hill are cleaning up the mess left behind by the protesters/vandals.
UPDATE AT 8:56 P.M.: Protesters set up a blockade of overturned newspaper racks and trash cans at East Pine Street and Harvard Avenue. A lot of trash in the street.
Police continue to push the mob. Several windows on the Walgreens at Pine and Broadway have been shattered.
This is not important. The important thing is that CEOs are paid better than ever! Yay!
From Bloomberg News: CEO PAY 1,795-TO-1 MULTIPLE OF WAGES SKIRTS U.S. LAW (the law is Dodd-Frank, which requires companies to report the ratio of executive-to-average worker pay; the SEC is dragging its stupid heels on publishing the rules and big businesses are lobbying like motherfuckers to avoid having to publish the information out of shame)
A 64-year-old Chester man allegedly shot a dog he believed was threatening him and his wife, but the bullet passed through the animal’s neck and struck the hand of its owner, police told reporters over the weekend. According to police, Charles Holland who reportedly walking his dogs near Rose and Upland Streets in Chester Park, along with his wife about 7:30 p.m., according to reports by NBC10 and The Delaware County Times Holland, who was licensed to carry a weapon, was also walking his own dogs when he encountered an English bulldog. Holland allegedly fired his weapon at the dog, which was unleashed.
Both the dog and its owner survived the shooting. Holland was arrested and charged with aggravated assault, according to court documents. Bail was set in Delaware County district court at $50,000.
A tumblr dedicated to gun owners shooting themselves or others; usually accidentally, but, sometimes, as in this case, it’s intentional and crazy. It’s a pretty relentless stream of people shooting family members while cleaning their guns, or leaving them out for their kids to shoot each other, but I’d recommend following it.