AOL’s Patch Gets New CEO, as Just Under Three Percent of Staff Is Laid Off in Consolidation (Memo)

The hyperlocal content efforts gets trimmed in profit push and a new leader too.
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Study: Online Media Pays Off for Consumers More Than Offline

Apparently, you can get digital media satisfaction.
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Ready for His Close-Up: Ross Levinsohn to Join Zefr Board

The former Yahoo exec joins the Venice, Calif.-based video start-up, which is about to celebrate one billion monthly views.
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Exclusive: Is Andrew Mason on the Bubble as CEO of Groupon?

Is a boardroom showdown looming for the troubled daily deals company and its affable co-founder?
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VCs Still Chasing Web Companies, but With Less Cash

Venture investors still have a healthy appetite for early-stage consumer Internet companies, but those startups are having a harder time raising follow-on financing.

Furthering Its Monetization Strategy, Foursquare Launches Promoted Updates Pilot Program

Foursquare continues its steady trudge towards creating a viable business model for the social network.
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Twitter Poised to Close a Two-Stage $800M Funding, With Half Used to Cash Out Investors and Employees

In a move reminiscent of one done by Facebook in 2009, Twitter is zeroing in on a complex $800 million funding deal, which includes a tasty $400 million payout for its current investors and also employees.
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Exclusive: Andreessen Horowitz Invests $80 Million in Twitter

Andreessen Horowitz has invested more than $80 million in Twitter via purchasing stock in secondary markets. When called about it by BoomTown, a spokeswoman at the high-profile Silicon Valley venture firm confirmed the purchase. The move is an interesting one, since Andreessen Horowitz was not part of the recent $200 million round on venture funding at the San Francisco microblogging company, led by Kleiner Perkins and which valued it at $3.75 billion.

YooMee Games Opens the Chuck E. Cheese of Online Arcades

What do you get when you give casual game players the chance to compete for cash and prizes? A really addictive experience. Or at least that’s the hope of YooMee Games.

Is Jason Kilar Trying to Get Fired?

Password Manager LastPass Acquires Xmarks

Here's a Promoted Tweet Survey From TWTRCON

Pandora's Tim Westergren Speaks!