Mobile Payments. Women in Silicon Valley. Freemium + Emergence Capital Partners. Pearltrees & Web 2.0 expo. Facebook. Is Facebook worth twice what Yahoo is worth? - ...ifindkarma... Facebook Cofounder Dustin Moskovitz Backs California Pot Legalization While Facebook Blocks Pot Campaign Ads. UPDATE: Napster founder Sean Parker, the first president of Facebook, has kicked in $100,000 to back marijuana legalization in California, according to Sasha Horwitz, a spokesperson for Proposition 19. Parker's contribution follows a $50,000 donation from cofounder Dustin Moskovitz. While Facebook's cofounders are backing the initiative, Facebook the company is blocking ads from Just Say Now, an organization backing the same proposition. A Facebook spokesman says that the image of a pot leaf violates its advertising terms.
"Our advertising policies prohibit the paid promotion of illegal content, and when we find this, we take action as necessary," said Facebook's Andrew Noyes. Facebook has recently blocked ads supporting the legalization of marijuana, but its cofounder Dustin Moskovitz has contributed $50,000 to the organization leading the effort in California on behalf of proposition 19, which would legalize marijuana.
The New Face Of Venture Capital, Part 1.
Facebook. Private equity. It’s the time of year when a young man’s fancy lightly turns to thoughts of deductions and write-offs. One select group of Americans, though, has a more pressing tax-season task on its mind: preserving a lucrative loophole in the I.R.S. code. The provision allows money managers at privately held partnerships—like hedge and private-equity funds—to treat most of the money they make as capital gains rather than as ordinary income.
That means that their income is often taxed at fifteen per cent, a much lower rate than it otherwise would be. In December, the House of Representatives passed a bill closing this loophole, the third time it has done so in three years. But it’s an open question whether the Senate will even take up the bill, let alone pass it. In a typical private-equity fund, the managers get paid two per cent of assets as a regular fee, plus twenty per cent of the fund’s profits. They pay regular income tax on the two per cent. The State of the Internet Operating System. I’ve been talking for years about “the internet operating system“, but I realized I’ve never written an extended post to define what I think it is, where it is going, and the choices we face. This is that missing post. Here you will see the underlying beliefs about the future that are guiding my publishing program as well as the rationale behind conferences I organize like the Web 2.0 Summit and Web 2.0 Expo, the Where 2.0 Conference, and even the Gov 2.0 Summit and Gov 2.0 Expo.
Ask yourself for a moment, what is the operating system of a Google or Bing search? What is the operating system of a mobile phone call? What is the operating system of maps and directions on your phone? What is the operating system of a tweet? On a standalone computer, operating systems like Windows, Mac OS X, and Linux manage the machine’s resources, making it possible for applications to focus on the job they do for the user. But wait. Your phone knows where you are. Keep following the plot. It was. Search.
Exclusive: Mozilla CEO John Lilly to Step Down and Head to Greyl.