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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Facebook’s General Counsel Ullyot to Depart the Company

The man who stopped the Winklevii leaves the building.
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Yahoo’s Mayer Has Met with Hulu Execs in a Preliminary Look-See at Premium Video Unit

How much is the Silicon Valley Internet giant willing to spend on turbocharging its video prospects?
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Content Gains Allow Demand Media to Beat Wall Street Expectations on Q1 Earnings and Revenue

Strong performance of media properties added to the results.
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Former Homestead Founder Returns to SV Curious — And With $7.5 Million in Funding

Justin Kitch is back with Curious, a lifelong learning startup aimed at connecting teachers and students on “subjects as varied as salsa dancing, integral solving, pipe soldering … and knife sharpening.”
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News Byte

Predictive Data Startup Infer Raises $10M From Redpoint

Infer, a Palo Alto, Calif., startup that makes data-focused business apps to help companies target their best potential customers, said it has raised $10 million in a Series A funding led by Redpoint Ventures. Andreessen Horowitz, Social+Capital Partnership, Sutter Hill Ventures and angel investors also participated in the round. Infer, which is profitable, mines a range of data to determine those with the highest propensity to buy. Along with the funding for its “predictive customer scoring model,” Satish Dharmaraj of Redpoint Ventures will join the company’s board.

Eventbrite Hires CFO in Expansion of Top Exec Ranks

In its first C-level hire from outside the company, Eventbrite has brought in experienced finance exec Mark Rubash as CFO.
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News Byte

Mango Health App That Games Taking Meds Launches With Target Partnership

San Francisco-based Mango Health — a new mobile app aimed at allowing people to manage their personal health by tracking medications and nutritional supplements they take — is launching after a 16-week pilot program and a strategic deal with retail giant Target. The app rewards users with gift cards or allows them to make charitable donations for correctly following their medical regimens by using game design principles. Consumers can also check for interactions between medications, supplements and foods, and get dosage reminders. Mango has raised $3.1 million in seed funding from venture firms First Round Capital, Floodgate and Baseline Ventures, as well as angel investors Mark Pincus and Keith Rabois.

Actually, Amazon Paid About $150 Million for Goodreads

Um, not one billlllllllion dollars.
Dr. Evil Billion dollars

Zynga CIO Debra Chrapaty Departs to Join Nirvanix as CEO

Yahoo Acquires Hipster Mobile News Reader Summly for Close to $30 Million

Jerry Yang Is Back (And Investing More Than Ever)

Moon Shot: Earthbound Investor Milner Talks About Origins of the Universe at SXSW

Yahoo CEO Marissa Mayer Gets a Million-Dollar Bonus After Six Months on the Job

Up Is Down and Down Is Up: Yahoo Stock Waxes, While Apple Wanes

Endless Marathon: A Health Setback for Brett Bullington

Groupon Earnings Miss Big, Sending Stock Into After-Hours Swoon

CFO Goldman Says Mayer Regime Has Been Improving “Quality of Life” at Yahoo

Exclusive: PayPal Co-Founder Levchin Launches New Payments Startup, Affirm

To VC or Not to VC: Former Square COO Rabois Leaning Toward Khosla Ventures Job

Adjusted for Reality, Neither Rackspace Nor Equinix Shine