LinkedIn founder cancels trip for layoffs

Owen Thomas · 11/05/08 02:20PM

LinkedIn, the richly funded business-networking website, is indeed laying employees off today. (No numbers available yet; if you know more details, please send them in.) But we know of at least one person who's skipping sticking around for the cuts: Reid Hoffman, the company's chairman and cofounder. He's in Japan, speaking at a conference. A convenient absence. Hoffman is described by his underlings as generous and kind, but we hear he didn't oppose the layoffs. We also notice he wasn't kind-hearted enough to cancel his trip and console his employees in person. Update: We're now told Hoffman did cancel his trip to Japan for the conference, at the last minute.

Election's Biggest Losers: TV News

Pareene · 11/05/08 02:16PM

Every four years, for 200 years or so, American sat down to watch Peter Jennings, Dan Rather, or Tom Brokaw announce who the next president will be. Those anchors did it with authority, and the networks took their solemn duties seriously. Even when things went wrong, as in 2000, we could rely on those anchors to relate clearly and simply what was actually Going On. This year, though, was a goddamn mess. Jennings is dead, Brokaw's an ignored old man at a circus sideshow, and Rather was probably exiled to some channel only Dish Network subscribers get, or overseas. The options were CNN, the choice in 2004 of the world's most disappointed liberals, Fox News, a hideous death rattle already in progress, or MSNBC, where Pat Buchanan and Keith Olbermann and Chris Matthews shout nonsense, nonstop. No one won. CNN had the holograms. What was that? What was the point of that? NBC lost Tim Russert this year, and we missed his whiteboard. It was definitely preferable to Chuck Todd—who we like!—standing on the holodeck with magical 3D graphic map that kept slowly turning from side to side for no reason. John King and his stupid magic map still serve no actual purpose. Meanwhile CNN refused to call any states too early, because of the 2004 debacle, even though no states were prematurely called in 2004, so to figure out that Obama won Pennsylvania and Ohio and hence the presidency (all before the polls closed on the West Coast!) you had to turn to MSNBC. And finally, Wolf Blitzer needs to get off of TV. He's everything that's wrong with CNN—a complete inability or unwillingness to ever say anything, just mindless equivalence and hedging and cliche, because CNN is the "unbiased" network. Gah. We're with Jack Shafer on this: Blitzer's infuriating. In 2012 we'll probably have to watch PBS. And then everyone loses.

Election 08's Biggest Losers

cityfile · 11/05/08 02:10PM

The list of election '08 losers is a long one: There's John McCain, of course, who will die angry and bitter, notwithstanding his rather gracious concession speech last night. Steve Schmidt, McCain's chief strategist, will probably have trouble finding a Little League team to advise, unless he manages to redeem himself somehow. From Republicans on the Hill to GOP strategists to snowmobile and hunting enthusiasts, plenty of people will feel the cold wind of electoral defeat for a long time to come. After the jump, a roundup of New York City's nine biggest losers.

Elisabeth Hasselbeck Delivers Her Concession Speech

Kyle Buchanan · 11/05/08 02:05PM

If there's been anything more contentious and exhausting than the battle to become the nation's next president, it has been The View's high-octane coverage of the election. Emotions still ran high on today's show, as an overcome Sherri Shepherd cried on camera about the impact of Barack Obama's victory. Before that, though, Barbara Walters turned to Elisabeth Hasselbeck and rightly noted, "All eyes are gonna be on you."

Thanks, Barack

cityfile · 11/05/08 02:05PM

The market was up big yesterday as investors looked forward to an end to the political uncertainty in Washington. Now they're back to reality, apparently. The Dow tumbled 486 points today amid "renewed worries about the struggling economy." [CNNMoney]

Michelle Obama Debuts at New Museum

cityfile · 11/05/08 02:01PM

You can't fault the New Museum for trying to capture a bit of the election buzz. The institution unveiled an oil portrait of Michelle Obama today by Elizabeth Peyton, which features the First Lady-to-be listening to her husband address the crowd at the Democratic National Convention with daughter Sasha sleeping in her lap. It's now part of Peyton's exhibition, "Live Forever: Elizabeth Peyton," and will be on display until January 11th. [Unbeige]

One day left to win a free Balenciaga bag from ideeli

Chrissie Lamond · 11/05/08 02:00PM

Join ideeli, the first members-only shopping community offering up to 80% off on top brands. ideeli members enjoy privileged access to sales and giveaways featuring Christian Lacroix, Dior, Fendi, Lanvin, Balenciaga, Estee Lauder, and Janet Jackson concert tickets. Join today and you'll automatically entered to win this gorgeous Balenciaga Giant City Arena bag. After the jump view the Balenciaga bag!

Wiggling out of deals for fun and profit

Adriana Nunez · 11/05/08 02:00PM

If you've ever signed an unfair contract, don't wallow in regret. Take it back! As part of Astia's "Doing it Right" series, a bunch of attorneys will show you how to weasel your way out of unfavorable terms that could cost you and your employees precious bling. To learn to play hardball, head to Fenwick and West from 3:30-5 p.m. Feeling inspired today? Break the glass ceiling at the eWomans Network's accelerated networking dinner at Villa Ragusa from 5-8:15 p.m. Also for the ladies, Janet Fouts, of Tatu Digital Media, and Anna Billstrom, of MarketingSherpa, are sharing their social marketing tips at tonight's SFWoW meeting at McCann Worldgroup from 6-9 p.m. (Photo via Inman News))

Yahoos, stock traders wish Jerry Yang rumor were true

Owen Thomas · 11/05/08 01:40PM

When will Yahoo CEO Jerry Yang figure out that everyone wants him to leave? Matt Marshall at VentureBeat aired a rumor that a memo had gone out at 8 a.m. to Yahoo's workforce to expect some kind of "historic announcement" later today — a coded way of saying Yang was on his way out. Marshall wondered if it was true, or just an attempt to manipulate Yahoo's stock price. We called some Yahoos we know, and, alas, no such email exists. Even debunked, the rumor is telling: Sentiment against Yang is so strong that people are willing to believe a rumor he's leaving. (Photo by Yodel Anecdotal)

We Don't Know Why Steve Guttenberg Is Pantsless, But It Fills Us With Hope

Seth Abramovitch · 11/05/08 01:35PM

We realize you might need a hope-infusion after seeing the voting results on Florida's Amendment 2, Arizona's Prop 102, Arkansas's despicable Measure 1, and of course our own little slice of backyard hatefulness, Prop 8. So it's time to bring out the big guns: Cocoon star Steve Guttenberg, running through Central Park without his pants on, for some reason that eludes us at the moment. Perhaps he was late for his Bottomless Ultimate Frisbee League game in the Sheep's Meadow. Swing free, Gutt! It's a new dawn in America. [YouTube via Videogum]

It's A Great Day To Be A Newspaper

Hamilton Nolan · 11/05/08 01:21PM

We all know that print is dead and so forth but, darn it, nobody can deny that today is a great day to be a newspaper. Everybody wants a souvenir of Obama's victory, and you know what makes a great souvenir? That's right, a newspaper. This is a photo of a line outside the NYT building on 40th Street of people waiting—for a newspaper! Incredible. Reports of news stands from Brooklyn to Manhattan actually selling out are flooding into Gawker HQ!:

Black, Jew to Run Nation

Pareene · 11/05/08 01:15PM

America, now you've done it. You just elected an African-American from Chicago President, and traveling with him to the White House will be his good friend Rahm Emanuel. Congressman Emanuel will probably be the new Chief of Staff, which is quietly the most important job in most administrations. Emanuel is the powerful young former head of the Democratic Congressional Campaign Committee, and his reputation is that of a political bruiser. The Emanuel selection demonstrates that unlike Clinton in 1992, Obama is not fucking around. The Chief of Staff runs the White House internally, and this is a signal that Obama's transition will not be beset with the public infighting and embarrassing selections of the Clinton takeover. Emanuel is perfect for the role, because it's not a particularly public one, and Emanuel is a dirty-mouthed vicious partisan. It also sounds like Obama's going to work hard to get Congress in line with his Administration early on, which he'll need to do, once again, to avoid the mistakes of Bill Clinton, who got pushed around by old Democratic party leaders in the Senate and House. Also, yes, Hope time is over. All the complaints that Obama's an aloof, vague hope-monger who won't accomplish anything, Jimmy Carter-style? We're going to see those stories switch to "Obama's a mean, hard, Chicago-style hack who'll run the White House with an iron fist." Rahm's brother is, of course, super-agent Ari Emanuel. The Emanuel brothers are a treat, and we look forward to them enraging Conservatives almost as much as we look forward to four hilarious years of Vice President Joe Biden.

Michael Crichton Loses Cancer Battle At Age 66

Seth Abramovitch · 11/05/08 01:13PM

This comes as a sad shock: Megaselling author and blockbuster machine Michael Crichton has died at age 66 from what a spokesperson is calling "courageous and private battle against cancer." He's best known for his science-based cautionary thrillers like The Andromeda Strain, Sphere, and Jurassic Park, many of which he had a hand in adapting for the big screen. He also directed a few movies, including Yul Brynner animatronics-run-amuck classic Westworld and The Great Train Robbery, and created ER based on his own experiences as a resident. A statement from his representatives follows after the jump:

Diddy Keeps Humble

cityfile · 11/05/08 01:05PM

Diddy on the election last night: "I felt like my vote was the vote that put him into office." Also, he says he felt like Martin Luther King when he stepped into the voting booth yesterday. [AP]

Michael Crichton, 1942-2008

Alex Carnevale · 11/05/08 01:05PM

After a long battle with cancer, science fiction's biggest crossover novelist Michael Crichton died today. Though the lanky Harvard graduate was most well known for his 1990 novel Jurassic Park, he leaves behind a sometimes controversial legacy of investigation into the most prominent scientific issues of our time. We review the highlights of his storied career:The Chicago-born author made his stunning debut under his own name with The Andromeda Strain, which would inspire the first film taken from his oeuvre. Books like Disclosure and Rising Sun veered from his science fiction interests into cultural criticism and formed the template for his NBC series, ER. In his 2004 novel State of Fear he aroused indignation from the scientific community. Crichton's right-wing politics didn't usually endear him to other writers, resulting in memorable clashes with Susan Faludi, Al Gore and Michael Crowley, who he memorably portrayed as a child molestor in his novel Next. Crichton's public notoriety was balanced by his closeness with his family during his illness. "He did this with a wry sense of humor that those who were privileged to know him personally will never forget," his daughter said today. At his best, Crichton was able to anticipate emerging cultural and technological trends, and surround them with a compelling narrative that never failed to address issues of the moment in a non-contrived fashion like no other. He'll be missed.

Kyle Buchanan · 11/05/08 01:00PM

Palate Refresher! And now, we offer you something completely different: a picture of Jessica Alba in character as, uh, "a young woman who has retreated from the world and is consumed by numbers and math" in her upcoming film, An Invisible Sign of My Own. Here in California, we're still a little consumed with the number 8, so it's relief to lose ourselves in Alba's mousy brown hair, Ugly Betty garb, and shocking lack of makeup (this proves that she is smart because smart girls do not wear makeup, say the movies). Jess, we know you're trying to pull off the Oscar move known as "the Charlize," but we think we like you better when you're glammed up and muzzling the chick from Heroes. Click through for full-size. [Flynet]

LinkedIn to start layoffs today?

Owen Thomas · 11/05/08 01:00PM

A tipster reports high drama at LinkedIn, the business-networking site. The company is funded in part by Sequoia Capital, the Valley's new high priests of doom and gloom — and, our source claims, Sequoia has told all of its portfolio companies to cut costs by 10 percent. LinkedIn's big-hearted chairman, Reid Hoffman (shown here), reportedly doesn't want to lay people off, but he and CEO Dan Nye are said to be engaged in a power struggle over this and other issues. Layoffs could come today — possibly an exercise in cleaning house rather than a reaction to the economy, though we hear LinkedIn has been missing financial milestones. Here's the tip:

OMG Weeping Tears of Joy: Election-Night Overshares

Sheila · 11/05/08 12:54PM

The election was called early last night—but not so early that people weren't drunk off their asses, social-networking technology in hand. Many embarrassing and over-earnest prounouncements were Twittered and texted last night. Crying seemed to be a badge of pride for the melodramatic (don't want to see one more blog post about your tears of happiness), and everyone had Something to Say. (We'll admit that we did.) But now we have a snark-break hangover. Hackneyed revelations from the usual suspects were out in force:First off, our notoriously cold-hearted publisher Nick Denton just admitted that he cried last night. "And I'm not even a Democrat!" And there were a thousand different versions of this statement across the blogs: "I am so proud of all of you." Thanks, Mom. Here's another anonoblogging overshare:

Madonna Concert Breaks Out at Massive Political Rally

Seth Abramovitch · 11/05/08 12:45PM

Key Democratic disco-strategist and AARP leotard-model Madonna had much to celebrate as she brought her Sticky & Sweet tour to San Diego last night. The male species was offered a temporary Shit List reprieve as the singer led the crowd in rhythmic clapping, declaring it "a historical evening. This. Is. A motherfucking important evening! This is the beginning of a whole new world. ARE YOU FUCKING READY?!!!" She then shooed security away and encouraged the crowds to rush the stage and embrace each other in "one evening of togetherness." (Got that? Togetherness, America. Togetherness.) Shit. Now we want to see her at Dodger Stadium. [YouTube]

Interested in Attending the Inauguration?

cityfile · 11/05/08 12:42PM

The Mayflower in Washington has quite the offer for anyone interested in going to D.C. for Barack Obama's inauguration. The "Ultimate Presidential" package includes a three-night stay, limo service, "his and hers inaugural jewelry," Dom Perignon champagne, in-room massages for two, 24-hour butler service, and his and hers "inaugural garb" from Burberry ("to keep special guests warm during the inaugural ceremony"). And it's only $51,000. What a steal! As for whether you'll be staying in the same room where Eliot Spitzer shared some special time with Ashley Dupre, you'll have to call and ask. [HotelChatter]