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Source:Valleywag

Internet users are up in arms on Digg over a months-old report, mistakenly rehashed as news by Gizmodo, that Google’s YouTube site was considering adding 30-second ads to run at the beginning of its online videos. The problem? The report, from April, has been overtaken by events. YouTube’s current plans, unveiled last month, are to add “overlay” ads, like the teasers you see on TV for upcoming programming, to the bottom of some videos. In a statement, YouTube group product manager Shashi Seth says that testing found that users didn’t like the ads. Consider the outrage, however mistakenly founded, as further confirmation of Google’s testing.

Source:Valleywag

Investors in Parakey, a hot startup founded by Firefox creators Blake Ross and Joe Hewitt, were paid in cash, not shares, when Facebook bought the company. While they doubled their money in the $4 million sale, the cash payout means they were shut out of Facebook’s future growth, which has left some of them quietly grumbling. [TechCrunch]

This entry was posted on Tuesday, September 25th, 2007 at 5:40 pm and is filed under facebook, venture capital, Acquisitions, Parakey, blake ross, Joe Hewitt. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.