Source: Yahoo Is Investing $20 Million In Snapchat

Nitasha Tiku · 10/03/14 03:20PM

Earlier today, the Wall Street Journal broke the news that Yahoo, the corporate equivalent of Remember the 90's is "close" to investing in Snapchat, the fratty harbinger of our ephemeral future, at a $10 billion valuation. A source told Valleywag the amount Yahoo is investing is only $20 million and that the deal has closed.

Top Netflix Employee Perk Goes Up In Flames

Kevin Montgomery · 10/02/14 12:05PM

Here's a little shuttle schadenfreude: last night, a dozen Netflix employees were being driven back along 280 to their San Francisco bedrooms when their bus turned into a bonfire. Fortunately, no one was injured.

Now There's Surge Pricing For Food

Kevin Montgomery · 10/01/14 01:05PM

Surge pricing is Silicon Valley's most insidious trend. Popularized by Uber—a company synonymous with fucking people over—surge pricing allows companies to randomly jack up prices whenever demand is running a little high, reaping profits for startups while customers on a budget are left behind. And now techies have brought the brutal manifestation of supply and demand economics to food.

Facebook Apologizes For Discriminatory "Real Name" Policy

Kevin Montgomery · 10/01/14 10:10AM

Facebook sparked a fierce backlash three weeks ago when it began enforcing a "real name" policy against performers and members of the LGBT community. The company initially dug in its heels, refusing to stop requiring people to use their legal names, inciting hundreds of thousands of people to flee to the quasi-anti-corporate network Ello. Now Facebook is feeling the heat and is slated to apologize for the situation later today, sources tell Valleywag.

Nitasha Tiku · 09/30/14 06:05PM

Yahoo made $9.4 billion by selling 140 million shares in Alibaba, according to a new SEC filing. Never have so many billions seemed so doomed.