1115 posts and columns on Industry Moves
Clinkle, a secretive, much-hyped payments startup, plans to lay off somewhere in the neighborhood of 20 percent to 25 percent of its employees, or about 16 people, AllThingsD has learned. The move was led by former Netflix CFO Barry McCarthy — now Clinkle’s new COO — who wants to bring in more experienced staff. Fortune’s Dan Primack was the first to report the news.
As AllThingsD reported she would earlier this month, Fab.com COO Beth Ferreira will soon leave the company. Ferreira’s departure was announced by CEO Jason Goldberg in a blog post on Sunday. This is the second major departure for the commerce company this month, as Fab co-founder Bradford Shellhammer also announced his plans to leave his day-to-day role at the company.
Lifefyre, the social commenting platform startup, announced Thursday it had acquired Realtidbits, a San Diego-based analytics startup. Terms of the deal were not disclosed, but Realtidbits will continue to work as a team based in Southern California. All Realtidbits users will be migrated over to Livefyre’s existing commenting platform, and the Realtidbits analytics software will eventually be offered to Livefyre’s enterprise customers.
Social commenting and curation startup Livefyre announced on Monday that it has hired Ramana Rao as the company’s new chief technical officer. Before joining Livefyre — which, disclosure, AllThingsD uses for managing site comments — Rao was VP of product at the Washington Post Company after his news aggregation startup, iCurrent, was acquired in 2010.
News Byteannounced on Monday that he will step down from the company he co-founded and launched seven years ago. Co-founder Shawn Colo will step in as board president and interim CEO after Rosenblatt’s resignation is final, effective Oct. 31 (Halloween, as it happens). Board member James Quandt has been named chairman, effective immediately.
News Byteannounced on Wednesday he has joined Wealthfront, the software-based financial advising startup. Johns’ new title is Director of Growth and Revenue, and will likely draw on the same experience he had on growth teams in the past at companies such as Facebook and Twitter. Most recently, Johns was a growth strategist-in-residence at the venture capital firm Greylock Partners.