Exclusive: Yahoo CIO Kirwan Bids Adieu

As part of BoomTown’s duty as internal jobs board for Yahoo, here’s another departure: CIO Mike Kirwan. According to his Yahoo bio, he had “global responsibility for Yahoo!’s Corporate Systems group, which includes the IT Infrastructure, Corporate Applications, CRM and Premium Services Infrastructure teams. These teams ensure Yahoo!’s internal systems and billing/anti-fraud services are available 24/7.” In other words, the guy who keeps the lights on!

Facebook Friends PayPal

So much for those rumors about Facebook Credits becoming a direct competitor to PayPal. This morning, the social network said it is adding PayPal as a payment option for both Facebook advertisers and users.

FCC Chief Seeks Broad Open-Internet Rules

Federal Communications Commission Chairman Julius Genachowski is proposing that the agency apply tougher open-Internet rules broadly, raising concerns of cable and phone companies and some lawmakers that the government could try to control efforts to offer products such as digital cable or premium business services.

Who Said Web 2.0 Was R.I.P.? Microblog Tumblr Raises $4.5 Million, Expectations.

Tumblr is exactly the kind of start-up that’s supposed to be gasping for air in today’s dismal economy: A trendy but niche Web service with a prominent founder and exactly zero revenue. Instead, it has raised a $4.5 million funding round from Union Square Ventures and Spark Capital, which values the company at around $15 million.