Amazon’s Stake in LivingSocial Reveals Steep Losses for the Groupon Competitor

LivingSocial’s financial results for the past year were reported by Amazon today, revealing that the company continues to trail behind Groupon by a wide margin.
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Gone in a Flash: Seattle Tech Bloggers Abruptly Leave Business Journal for All-New GeekWire

After spending the past two and a half years building the Seattle technology news site, TechFlash, Todd Bishop and John Cook have broken ties with the Puget Sound Business Journal and have started a site of their own.

Microsoft Starts the Layoff Machine Again With Thousands of Cuts: Steve Ballmer’s Memo to the Troops

Here comes the second round of layoffs at Microsoft, following a first round that started in January. Today’s cuts will likely end up costing about 3,000 workers their jobs. Microsoft had previously warned that it would cut up to 5,000 jobs by 2010. The good news, says CEO Steve Ballmer: The newest round means “we are mostly but not all done” with layoffs. Here’s Ballmer’s memo to the troops.
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Another Newspaper Down: Hearst About to Pull the Plug on Seattle’s Post-Intelligencer

Anyone in Seattle want to buy a money-losing hometown paper? If not, owner Hearst says it will either turn the Seattle Post-Intelligencer into an online-only pub with a skeleton staff or just shut it down altogether. Bet on the latter.