Anne Wojcicki thought she might be able to get the FDA off by her back if 23andMe stopped advertising its $99 genetic testing kits. But when your company is five years late on "analytical and clinical" studies that prove your product does what it promises and ignored the agency's questions for five months, they're not inclined to shrug it off.

According to a Business Insider report, a new regulatory filing unearthed by VCExperts, which measures data on private companies, shows that Snapchat will only raise $54 million, a steep drop from the rumored $200 million round. But the biggest nosedive is the ephemeral trendsetter's valuation. The filing says investors value Snapchat at $2 billion—not the $3 billion, or $3.5 billion, or $4 billion previously reported.

For years, Ambiguous New York Media Person par excellence Rachel Sklar has maintained a private email list for her close friends. It's a power cluster of well-connected-on-paper women in media, technology, and the blurry outskirts of each, a ceaseless mill of congratulations and networking. Now, you can buy your way inside for just $850 every year.

According to Digg founder turned investor Kevin Rose, Tim Ferriss "is a humper." It's amazing what you have time for when your work week is only four hours.

Palantir, the CIA-backed company that recently emerged "from the shadow world of spies and special ops to take corporate America by storm" is about to announce a new round of funding that values the company at about $9 billion, reports the Wall Street Journal.

A fawning, sprawling writeup from TechCrunch and the co-sign of a pop boy-deity looks like it wasn't enough: the hyper-hyped Shots of Me app is already sliding into oblivion.

No more dick jokes: Twitter's streak of dude-only directorship ends today, with the appointment of Marjorie Scardino to its board. All it took was everyone yelling at them for a few weeks. Sarah Lacy shrugs.

For all their court-mandated blogging and self-promotion, venture capitalists keep the details of their decision-making to themselves. But newbie VC Ryan Sarver, Twitter's former director of platform, broke ranks about his first month on the job as partner at Redpoint Ventures.

Valleywag has obtained detailed internal financial information indicating that Uber, the e-hailing app that has spawned a hundreds of half-baked pitches, is making a lot more money than its investors had anticipated.

As we previously reported, WSJ alum Jessica Lessin's new site—"The Information"—is live, and it's behind a big ol' paywall. A $400 per year paywall. "We need to write articles that deliver value worth paying for," she says. Will you?

For weeks, a benevolent bar-crawling superhero has been lighting up his tabs with astoundingly generous tips, totaling over $50,000. Now we know how he does it: he's Jack Selby, a former PayPal VP with more money than the real son of God.

When you can afford something like this, why not turn down $3 billion? Ha ha, joking, that's still baffling. At least Bobby Murphy, the other, 25-year-old, slightly less Machiavellian guy behind Snapchat, can ponder his business moves in a new, $2.1 million, ultra-modern Venice Beach fortress. [via Curbed]

There are many ways for a startup to burn through $326 million in venture capital. You could hire lobbyists, grease political levers, launch a 24/7 hotline for complaints from the disrupted, and even build a conference room for software developers modeled after the War Room in Dr. Strangelove. Airbnb opted for ALL OF THE ABOVE.

Words have power. Words have weight. And words—particularly when leveled against the underprivileged tech sector workers of Silicon Valley—can hurt. What might seem like a silly term to you is someone else's cultural nightmare—so cool it with the "t*chie" talk, OK?

That Darth Vader selfie is just the beginning of a partnership between Facebook and Disney "to promote Instagram without the disliked sponsored ads." Trust no one.

While Alibaba plans a possible IPO on NASDAQ or the NYSE, founder Jack Ma is taking selfies with prime minister David Cameron. Hearts and minds, people.

It's hard out there for a rule-flouting, heavily financed disruptor. If it's not government regulators, then it's "frivolous lawsuits," amirite? This time, it's a class action lawsuit filed in California accusing 23andMe of "falsely and misleadingly" advertising their $99 genetic tests. The complaint, which asks for at least $5 million, also says the tests are "not supported by any scientific evidence."

Silicon Valley's anti-government fervor hasn't spread to the main-est of the mainstream so far: no calls for secession from Zuck or Dorsey. But that doesn't mean big tech money isn't reaching radical elements. The Washington Post reports that Google's given money to the people grinding federal politics to a halt.