VentureBeat

Here’s the latest action:
Pirate Bay takes fascist funds — The large bittorrent tracker’s major financier, Carl Lundstrom, has been connected with neo-nazi groups and political parties.
Nortel lays off 3,200 more — The telecom company will cut its global workforce by 10 percent over the next several months as it tries to bounce back from bankruptcy.
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Here’s the latest action:

Pirate Bay takes fascist funds — The large bittorrent tracker’s major financier, Carl Lundstrom, has been connected with neo-nazi groups and political parties.

Nortel lays off 3,200 more — The telecom company will cut its global workforce by 10 percent over the next several months as it tries to bounce back from bankruptcy.

FriendFinder called out for risky business — The adult web site’s former human resources director is suing over scandalous behavior and violation of labor laws. Valleywag has the dirty details.

Facebook feeds Perez — Celebrity blogger Perez Hilton may hate the social networking giant, but it turns out he gets more traffic from the site than from Google.

Digg toolbar could take a bite out of StumbleUpon — TechCrunch takes a look at Digg’s secretive toolbar beta, which includes a big button for random browsing, much like StumbleUpon.

Netflix to launch streaming-only subscriptions — The video rental service plans to offer subscriptions for just its popular streaming movie capabilities alone.

Microsoft takes aim at TomTom — Microsoft is suing the maker of in-car navigation systems for allegedly violating eight of its patents, including three related to its use of Linux. Read more at TechFlash.



In the what the heck department, Nokia eyes the laptop market — The mobile phone company’s chief executive announced plans to produce laptops, arguing that mobile and PC technology are converging. With Intel looking to put out a phone, it seems anything is possible.

Facebook deep links on Yahoo search — Starting today, Facebook users can find friends, poke others, send messages and view other members’ friends through deep links on Yahoo’s search results page. The Yahoo Search Blog has more.

IDC states the obvious, online ad spending set to drop — The market intelligence firm says U.S. online ad spending will fall this quarter for the first time since 2001. See NetworkWorld for more.

Second major credit card breach exposes personal data — Just a month after the breach of payment processor Heartland Payment Systems released 100 million credit card numbers, authorities believe another has occurred.

Robert F. Kennedy Jr. joins VantagePoint Venture Partners — The son of presidential candidate Robert F. Kennedy will join the San Bruno, Calif. fund’s cleantech investment team, specializing in water projects.

Lehman Brothers spins off independent venture firm — Still unloading assets, the bankrupt securities firm has handed its venture capital arm over to five of its existing partners. It will rebrand itself as Tenaya Capital with $750 million. Reuters has more.

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