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Now that he's moved on to bigger and shinier things, Barack Obama has no need for his old mode of transportation. I'm actually pretty sure he ditched it a while back, but hey — now it can be yours. The eBay scourers over at BuzzFeed stumbled on an exciting opportunity to purchase Obama's 2005 Chrysler 300. For a paltry one million dollars, you can drive around in the same car then-Senator Obama may have used to travel between Washington D.C. and Chicago. That's right, no guarantees. At least the listing is honest? More »
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Chalk one up for middle-aged mundanity over the edgy glamour of youth. Disney will pay around $40 million for Babble Media, the oft-maligned blogging hub for hipster parents, sources tell Business Insider. Disney will also onboard Babble's founders, whose hyperliterate porn mag Nerve was a critical smash but never very financially successful. More »
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Surprise: Wildly unprofitable money pit Groupon canceled its investor roadshow and withdrew its IPO schedule, says the Wall Street Journal. Also, there's a new SEC inquiry into the company. But everything will be back on track just as soon as the tech bubble returns, honest! More »
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Rep. Gabrielle Giffords returned to the House of Representatives on Monday, receiving a standing ovation and enthusiastically greeting her colleagues after casting her vote (her first since being shot in January) for the debt ceiling bill, which passed 269-161. More »
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Senate Majority Leader Harry Reid tentatively signed on to a debt-ceiling deal, likely drawing to a close an unnecessary and wholly embarrassing episode in American history. Here's an outline of the not-quite-finished deal, if you want to ruin your Sunday. More »
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Three guys who refuse to answer for sleazy spam tactics on behalf of their startup might expect to be shunned. Circumstances being what they are, the same three guys are bathing in money and adulation. More »
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An ongoing fundraising round values Twitter at nearly twice what it was worth in December, despite the company having failed to create a discernible business model in the interim, and despite admitting it needs new leadership. Welcome to the new tech economics. More »
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Rumors of MySpace selling for scrap were correct: The dying social network has been sold to the advertising network Specific Media for $35 million, according to All Things Digital. Remember, News Corp. paid $580 for the site in 2005. More »
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Zynga, the maker of FarmVille and other Facebook games, is expected to file for its initial public offering tomorrow or shortly thereafter, seeking a valuation of $15 billion to $20 billion. It's one of the tech bubble's most rational IPOs. More »
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Well, this is embarrassing: News Corp. will probably sell MySpace for less than a tenth of what it paid for the social network, and for less than a third of its stated minimum bid. And, yes, big layoffs are coming. More »
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Weep not for Charlie Sheen, who lost one of his goddesses recently: The actor has reportedly signed a deal with Lionsgate Television to develop and star in a new sitcom. According to "an insider" who spoke with RadarOnline: More »
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Foursquare, the pointless check-in service with barely any revenue, is now worth more than six times what it was a year ago. Or so say the venture capitalists who just gave the hugely unprofitable company an infusion of cash. More »
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If somebody ran up to you on the street with a dog and said, "I'll give you this lovable animal right now if you can tell me which town is cheaper, New York City or Harlingen," which town would you pick? More »
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Web domain name giant GoDaddy is reportedly in talks to be bought out for more than $2 billion. Who knows what kind of exploits GoDaddy's ridiculous elephant-killing CEO, Bob Parsons, will get up to with that kind of dough. He'll probably fly to a remote island and hunt the world's most dangerous game: tech bloggers. Honestly, we're terrified. More »
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Hulu has put itself up for sale, moving to end the grand alliance between the broadcasters who own the TV website and provide it with shows. This is really going to suck. More »
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There are really no excuses for not cashing out on the tech bubble. A guy with grilled cheese sandwich did it. An app nobody uses did it. And now a 15-year-old hacker wunderkind has followed suit. More »
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A guy with a sign is begging Wall Street passersby to fund his iPhone app. He just needs $250,000. And with venture capitalists putting $10 million into a grilled cheese sandwich, is that really asking too much? More »
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Arianna Huffington was controversial back when she only oversaw 70 or so employees. Now that she's riding herd over 1,300 AOL journalists, the Huffington Post founder faces an army of disgruntled enemies. And they're leaking to the press. More »
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Good news: Miraculous internet jukebox Spotify will reportedly power Facebook's music service, bringing the world closer to a future in which music is much more freely shared, suggested and collaboratively compiled. As it should be. More »
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After buying MySpace for $580 million five years ago, News Corporation will sell the dying social network at a steep discount, with bids due this week. But don't even think about bidding below $100 million. MySpace has its dignity! More »
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Twitter is close to buying leading app maker TweetDeck for close to $50 million, says the Wall Street Journal. This way Twitter can get even more eyeballs on which to not make money. More »
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The protracted and contentious negotiations between AMC and Lionsgate (the network and studio that produce Mad Men) and Matthew Weiner (the Great Architect of its Womanizing Universe) have finally been resolved, bringing to an end a nail-biting waiting period to rival even that of Joan Holloway's own in a sterile OB/GYN reception room. And the news is good! More »
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Among businesses, the initial reaction to the concept of Groupon was: "Give our shit away for half price? Well, it's good advertising." But now, that reaction is changing to: "Give our shit away for half price? Ehhh." More »
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Remember Eduardo Saverin? The sad co-founder of Facebook who got strong-armed out of the company by Mark Zuckerberg in The Social Network (and also real life)? He's overcome his shattered dreams and is trying to get a piece of the next big tech thing. More »
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Mel Gibson, the violent anti-Semitic actor whose terrifying phone threats thrilled a nation last summer, has pleaded guilty to a charge of misdemeanor battery against his ex-girlfriend Oksana Grigorieva and will likely avoid jail. According to Gibson's lawyer Blair Berk, Gibson sought a plea deal with "the best interests of his young daughter... in mind"; in a remarkable stroke of luck, the best interests of young Lucia Gibson coincide with those of her father's upcoming movie, The Beaver, which sees a wide release in May. [NYT; image via AP] More »
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NMA, the company that brings you all those animated videos of recent scandals, just signed a five-year deal with SpikeTV to provide content for the cable channel. The first special in the works? Charlie Sheen's Winningest Moments, naturally. More »
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A new investment in Facebook by the venture capital firm General Atlantic puts Facebook's worth at $65 billion. Just last month, Facebook was valued at a measly $50 billion by Goldman Sachs. What happened in a month to make Facebook worth $15 billion more? They probably saw Mark Zuckerberg chilling with Obama and figured there was nothing to lose. More »
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According to the Wall Street Journal, both Google and Facebook have been in "low-level" talks to buy Twitter. As long as it keeps them from making some new dumb social-networking thing, we're all for it. More »
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Surprise, surprise: Michael Arrington is in another internal fight at AOL. But this time the TechCrunch founder isn't slamming a sibling blog; he's dissing his own, and what some mystery middle manager or sales guy has done to it. More »
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Legendary satellite radio DJ Bob Dylan just signed a six-book deal with Simon & Schuster, including two more volumes of memoirs and one book about his radio show. Somewhere a Dylan superfan is crushed that he's not writing a seventh. More »
]]> http://gawker.com/index.php?op=postcommentfeed&postId=5738276&view=rss&microfeed=true The FCC has approved the proposed combination of cable provider Comcast and NBC Universal. Pretty soon one corporation will own everything. More »
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On Monday, news broke that Goldman Sachs had invested $500 million into Facebook, valuing Mark Zuckerberg's social network at $50 billion. Tonight, Jon Stewart laid bare the real—and hypocritical—reason for the investment: an avoidance of government-regulated transparency. Uh-oh. More »
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Jersey Shore's Snooki has hired a firm to slap her name on every sort of product imaginable. And she's applying for trademarks on a variety of her catchphrases, too. The Snooki onslaught is coming—and it's scary! More »
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The Weinstein Co. is buying a 25% stake in Starz, putting lady-dragging Starz CEO Chris Albrecht and reporter-dragging monster Harvey Weinstein in business together. Good luck, kids! More »
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Goldman Sachs and Russian investment firm Digital Sky Technologies have invested $500 million into Facebook in a deal that values the social network at $50 billion—more than eBay, Yahoo! and Time Warner. What's cool now, Justin Timberlake? More »
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Google's snapping up of the massive 111 Eighth Avenue office building in Chelsea, where it already occupies 550,000 square feet, is an even pricier purchase than previously thought, the Post's Lois Weiss reports. More »
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The CEO of Twitter and the CEO of Microsoft last week had breakfast together in San Francisco, Twitter's hometown. Neither company will comment, but there's already speculation about a takeover. Maybe Microsoft will expand beyond productivity software into anti-productivity software. More »
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Google is reportedly buying online discounter Groupon for $2.5 billion. It's about time; the two companies have been flirting on Twitter for months. Get a room, already! More »
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The criminal that old people love to hate, Colton Harris-Moore, the "Barefoot Bandit," yesterday pleaded not guilty to charges related to his years-long spree of stealing airplanes and boats. And, unsurprisingly, he's now mulling over book and movie deals. More »
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Nations Trucks in Sanford, Florida has come up with a clever promotional deal to sell used trucks: With every purchase comes a free AK-47 assault rifle! Says manager Nick Ginetta, "My buyer is absolutely a gun owner, no question." Great. More »
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