Jason Calacanis makes Disneyland the saddest place on earth

After laying off most of his staff, how is Mahalo CEO Jason Calacanis watching his pennies? By spending some of the Web directory's $21 million in funding to take nine remaining employees to Disneyland.

An informant familiar with the startup's excursion tells us that Calacanis had instructed workers to dress warmly and expect to be away from the office all day. This provoked a frisson of excitement, as rumor spread that Calacanis had sold Mahalo and the trip would be a chance to meet their new owner.

How depressing, then, to find themselves greeted by Mickey Mouse in Anaheim, Calif. "I am assuming he forced them to leave their phones behind to avoid all the Twitters of how much it sucked," our tipster tells us.