According to Fortune, Sean Parker will no longer be making new investments on behalf of Founders Fund (which, full disclosure, is a Pando investor). He will, however, maintain his board seats on active investments like Spotify. [Source: Fortune]
This morning, Newsweek published a story that reportedly identified bitcoin founder Satoshi Nakamoto as a man living in the LA suburbs. Now, reporters from the LA Times, Buzzfeed, and other outlets are chasing the man around the city in what might be the lamest thing that has ever happened in the history of the world. [Source: Buzzfeed]
The Electronic Privacy Information Center (EPIC) has called on the Federal Trade Commission to investigate Facebook’s $19 billion WhatsApp acquisition: “Our complaint urges the FTC to investigate whether there are sufficient privacy protections in place to continue to shield the data of WhatsApp users from access by Facebook—which (for many users) was the very feature that made WhatsApp so appealing in the first place.”
Newsweek claims to have found the creator of Bitcoin, Satoshi Nakomato, in a Los Angeles suburb. The profile, sourced from interviews with Nakomato’s family and co-workers, offers little more than circumstantial evidence. The author suggests that he created the crypto-currency because he was irritated by the current financial system and distrustful of the government. So, basically, that he was like almost every other Bitcoin fanatic.
Journalist/activist Barrett Brown is no longer facing the possibility of 100 years in prison. He was arrested in September 2012 for posting a chat room hyperlink to credit card information Anonymous hackers had stolen. Today a federal prosector filed a motion to dismiss most the charges levied against him. [Source: Mashable]
Re/code reports that Founders Fund — an investor in Pando — has closed a $1 billion fifth fund. The fund will be used to invest in early-stage startups in the consumer, enterprise, and intelligence sectors. [Source: Re/code]