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Warren Buffett’s Berkshire Hathaway 2011 annual shareholder letter was just published this week. For years, Buffett has provided a glimpse into his strategies for success through these letters. I look forward to reading the letter each year. Never fails, I learn from Buffett’s insights and am reminded of fundamental business concepts that never go out of style.
The Wall Street Journal has a bizarre story about Twitter today. I've read it three times. And I'm just confused.
YouTube gaming channel Machinima is shopping a new round of funding worth up to $50 million, according to several sources familiar with the situation. The LA-based company, which earns money through an ad revenue sharing agreement with YouTube, has a pre-money valuation of between $200 million and $250 million.
The tale of "Inspector Spacetime" is one of the Internet at its finest.
Earlier this week, we received a tip that the popular reading application Instapaper was looking at clipboard data without prompting users for their permission. Shocked that an application would be so bold as to do anything without user permission, we investigated. What followed was a look inside one of the most corrupt and illegal privacy breaches of...well, at least the past few days.
Today, the Israeli-based taxi service GetTaxi launched in Moscow. The company had previously launched in 13 cities in Israel, in addition to London last summer. This most recent launch in Moscow means that GetTaxi now has access to 60% of the available taxi market in Europe between London and Moscow alone. GetTaxi is well on its way of reaching its eventual goal to launch in every major European city.
In the past, Roamz has been called a "reverse Foursquare." As far as two-word explanations go, I'd say that fits it pretty well. Rather than telling Foursquare, Facebook, Twitter, or Instagram where you are, Roamz scrapes all of those services for nearby events and happenings to tell you where to go.
Plyfe has raised $1 million from a handful of angels, Initial Capital, General Catalyst, and Brad Harrison Ventures. On the surface, this sounds like just the kind of company I would hate.
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