Here’s all the action you may have missed:
Veoh calls it quits: Veoh, an early YouTube-style site that burned through $70 million in venture funding, will file for bankruptcy. After it launched in 2005, Veoh focused on full-length, long-form, high resolution content, while YouTube really sought to own short-form content. Although the service attracted 28 million active users a month, a copyright infringment lawsuit from Universal Music Group dampened its hopes for being sold. Veoh eventually won, but it was too little, too late and it underwent massive restructuring earlier this year.
YouTube feels the need for speed: The Google-owned video site may feel the need to shift some of the blame onto ISPs for slow service as it launched a speed dashboard today. It shows users how their video playing speed compares to other YouTube viewers. Google management seem to be feeling a bit of angst these days about shoddy Internet service. Yesterday, the company announced that it would be testing a gigabit fiber network with different communities around the country.
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4chan founder moot defends anonymity: moot, who created the online community responsible for the LOLcats and Rickroll memes, urged attendees of the TED conference in Long Beach to reconsider the rush to eradicate online anonymity. Today, companies like Facebook, Twitter and Google are pushing people to use their real identities online. But he said there was value in being anonymous when considering issues around free speech and censorship. moot also said that 4chan isn’t just silly cat pictures and porn. The site’s community was able to track down an animal abuser and have them arrested in less than 48 hours once.
LinkedIn is now 60 million users strong: The company tweeted the news earlier today. That’s up from 55 million two months ago.
Motorola to split into two in 2011: The mobile handset manufacturer will become two separate entities next year; one will handle phones and set-top boxes while the other will support enterprise radio services.
Silicon Valley loses 90,000 jobs amid recession: San Mateo and Santa Clara counties, which cover the bottom and Western peninsula of the San Francisco Bay Area, lost 90,000 jobs this year, according to a report from the Silicon Valley Community Foundation. The report mysteriously excluded San Francisco, which has increasingly becoming home to consumer-facing web startups.
Silicon Alley Insider says Apple earns $100 million a year from Google: The East Coast technology blog says Google pays its newfound rival this much for the privilege of coming installed on iPhones and Apple mobile devices.
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