"It is great we are entering a period where we care about metrics and start asking the right questions. But there are no bullshit metrics as long as they represent the business in the right way. And any metrics that don’t represent the business are automatically BS."
- Greylock principal Josh Elman on the debate over "bullshit metrics"
Rolling Stone and Buzzfeed reporter Michael Hastings died early this morning in a car accident at the age of 33. Hastings’ uncompromising 2010 profile of General Stanley McChrystal led to the general being recalled to Washington by President Obama and resigning shortly thereafter. [Source: Buzzfeed / Rolling Stone]
The same day Carl Icahn proposed that Dell offer to buy back as many as 1.1 billion shares at $14 a share, Dell’s special committee struck down the proposal, saying it’s “not, in its present state, a transaction that the special committee could endorse or execute.” [Source: AllThingsD]
According to a White House statement, the US and Russia have reopened a Cold War era hotline to help prevent cyberwar. The countries will use the hotline to share information about hacking attacks. [Source: Verge]
Alternative search engines seem to be on the rise. Today, search engine DuckDuckGo tweeted that it received more than three million direct searches in a single day. [Source: Search Engine Land]
Cloudera has announced that its current CEO Mike Olson will become chief strategy officer and chairman of the board. In his place will be former Arcsight CEO Tom Reilly. [Source: GigaOm]
Toshiba has announced that it plans to cut about 10 billion yen ($104 million) in TV business costs by the end of this fiscal year. This comes after the company lost almost 50 billion yen in the last business year. [Source: Reuters]
FiftyThree, the company behind the iPad app Paper, has just closed a $15 million round of funding. This round was led by Chris Dixon at Andreessen Horowitz. [Source: VentureBeat]
Blekko has released a new iOS and Android version of its Izik search app. The Izik app makes use of Blekko’s “Dynamic Inference Graph.” [Source: TheNextWeb]
“I feel we’re moving into a world that was described pretty accurately by one of the founders of Google… Some reporter asked Eric Schmidt if this was an invasion of privacy … and he said ‘If you’re doing anything that you don’t want to be on the internet, you shouldn’t be doing it.’”
Dish today issued a response to Sprint’s lawsuit against Dish claiming its bid to buyout Clearwire is illegal. According to Dish, the lawsuit is a “transparent attempt to divert attention from its failure to deal fairly with Clearwire’s shareholders.” [Source: GigaOm]
It looks like Amazon will not be taking a cue from Netflix in terms of episode release. According to the Verge, when it released its new program “Alpha House,” it will not release every episode all at once. [Source: The Verge]
Last night the BBC announced six London-based digital media startups that will join its BBC Labs accelerator program. This is the BBC Labs’ second class. [Source: GigaOm]
GE, in a presentation today, announced it will be building new Hadoop-based appliances and software. This is to go towards GE’s new goal of connecting devices to the “industrial internet.” [Source: GigaOm]
A few months back Google added a new visualization for its Local Searches on tablets: a top results carousel bar. Today, Google introduced this feature to the desktop Local Search as well. [Source: TechCrunch]
Today Carl Icahn published a letter to Dell shareholders stating that a bank has agreed to help fund his buyout offer of the computer company. According to the letter, a major investment bank is willing to make $1.6 billion available. [Source: Reuters]
Today marks the release of 25 solar-powered charging stations at various outdoor spaces in New York City. The initiative is a joint venture between the city and AT&T. [Source: BetaBeat]
Parakweet, which offers Bookvibe, a service that recommends books based on natural language processing and social-media analytics, has raised $2 million in funding. [Source: VentureBeat]
Today web browser Torch announced it surpassed 10 million monthly active users after over 10 years on the market. It also launched its new version with a new download accelerator and music service. [Source: TechCrunch]
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FiftyThree raises $15 million from Andreessen Horowitz to move beyond Paper
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Matrix Partners’ Antonio Rodriguez on his investment in Oculus Rift
