how-things-work

Born Rich: How to Launch a Startup without Really Trying

Ryan Tate · 01/12/10 01:29PM

Startup founder Sam Lessin's reputation as an entrepreneur was already overshadowed by his partying in Cyprus and very wealthy father. Now a key investor has spilled the real reason he invested in Lessin's Drop.io. D'oh.

Facebook's Great Betrayal

Ryan Tate · 12/14/09 03:08PM

Facebook's privacy pullback isn't just outrageous; it's a landmark turning point for the social network. Facebook has blundered before, but the latest changes are far more calculated. The company has, in short, turned evil.

Craigslist's Dirty Secret

Ryan Tate · 12/10/09 05:54PM

This is pretty huge, at least for those who buy the myth of angelic Craigslist: eBay has effectively confirmed that cyber cherub Craig Newmark screwed over an early employee to enrich himself, then tried to cover it up.

Investors Punish Online Scam Trafficker with $15 Million

Ryan Tate · 11/17/09 01:56PM

Just as the public was learning that a huge chunk of Zynga's social gaming revenue came from scammy "quizzes" and "special offers," Silicon Valley's most prestigious venture capitalists rewarded the company with $15 million. Hey, that's just how VC's roll.

Barack Obama Has Better Things to Do Than Tweet

Ryan Tate · 11/16/09 10:17AM

You would have been delusional to think that the president didn't use a ghostwriter to update his Twitter account, @BarackObama. Still, it's now been confirmed that he didn't write any of his 418 tweets. Geeks are scandalized.