Tuesday 21 August 2012

Facebook director Thiel cashes out

Last Thursday and Friday, Facebook Inc director Peter Thiel sold roughly $400 million worth of Facebook shares, according to a regulatory filing. Thiel sold his shares at average prices ranging between $19.27 and $20.69 per share after the end of the first lockup, which barred early investors and insiders from selling shares following the IPO.

Thiel, who co-founded PayPal and was among Facebook's earliest backers, still owns roughly 5.6 million shares of Facebook.

Thiel, the libertarian entrepreneur who pays students $100,000 each to drop out of school and pursue business ideas, is one of Silicon Valley's more prolific investors. After selling his then-startup PayPal in 2002 for $1.5 billion, Thiel bankrolled Facebook in its early days.

Monday 20 August 2012

Mt Dew had to shutdown a public poll to name new soda

Mt. Dew had a "Dub the Dew" campaign to let Internet users choose the name for a green-apple infused soft drink... Awfully optimistic.

The Mt. Dew marketing team forgot just what they were dealing with. After all, they were asking the same people who exiled rapper Pitbull to a Walmart in Alaska for advice. As could have been expected, the results of Dub the Dew were so offensive and useless that the entire promotion needed to be shut down.