- Twitter experienced a security breach, as three waves of a malicious computer worm spread across the microblogging site. A 17-year-old from Brooklyn took responsibility for the attack, explaining that he did it because he was bored. Just as Twitter claimed it had taken control of the worm, a less-powerful copycat attack was set loose.
- The two European founders of Skype , who sold it to eBay for $3.1bn in 2005, are raising money to buy the company back, the New York Times reported. Ebay bought Skype in the hope that it would facilitate communications between buyers and sellers in its core marketplace business. That strategy hasn’t worked, and eBay is now facing pressure to sell the company at a steep discount.
- Current Media, the television and media company founded by former Vice President Al Gore, cancelled plans for a $100m initial public offering. Current said the economy was to blame, and that despite suffering a round of layoffs in November, it was not changing strategy.
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