Apple has acquihired Particle, a Web app development firm, according to a report from CNET. The firm, which was backed by Justin Timberlake, previously worked with Motorola, Google, Apple, and other large companies.
“Sources say there has been a “bloodletting” at DTP, with numerous layoffs beginning this morning. Employees have been called in for individual meetings and entire teams have been cut from the payroll.” – Las Vegas Weekly
EBay announced today that it plans to spin-off PayPal into an independent, publicly-traded company in 2015. The current head of eBay Marketplaces will become the chief executive of the new eBay; former American Express executive Dan Schulman will join the new PayPal as its president and chief executive designee. [Source: eBay]