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The CEO Of Buzzfeed Says Marissa Mayer Has Made A Strategic Mistake (YHOO)

jonah peretti ceo buzzfeedIn January 2013, Buzzfeed, the huge new media brand with 150 million readers and viewers worldwide, was worth $200 million.

In April, Buzzfeed raised $50 million from Silicon Valley’s fanciest venture capital firm, Andreessen Horowitz, at a $850 million valuation.

Things are going well there.

So, it’s worth hearing what Buzzfeed CEO Jonah Peretti has to say about things.

Yesterday over coffee, Peretti told me something interesting.

He said he can’t figure out the sense of Yahoo CEO Marissa Mayer’s strategy.

He noted that Yahoo seems to be doing two things.

In media, it’s investing in big media stars like Katie Couric, David Pogue, and Bobbi Brown. It’s investing in longform video content to compete with comedies and drama from HBO and Netflix.

Then, on the other side of the spectrum, Yahoo is building consumer tech products. It’s trying to build the next app that everyone will use instead of Gmail, Instagram, or Snapchat.

Peretti told me he thinks this strategy is a big mistake.

He said that Mayer, perhaps because she grew up at Google, seems to be taking on the competition where it is strongest.

“I’m not saying that Yahoo is doomed or anything,” Peretti wrote me in a follow-up email today. “I just think it is a strategic mistake to take on big media where they are strongest (stars, scripted shows, etc) and take on big tech where they are strongest (email, mobile tech, social networks, search, etc), especially when there is a huge open space at the intersection of media and tech where it hard for other big cos to compete.”

“They are needlessly picking the harder path.”

“But who know it might still work!”

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Joe Budden Is Hitting The Road With Emilio Rojas And Emanny


Are you in that mood yet? Why not? Joe Budden is setting up the table for his fans in preparation for his newest endeavor entitled Some Love Lost. With his EP set to be released Nov. 4, Joe announced today (Oct 21) that in addition to his project, he will embark on a small tour featuring Emilio Rojas and Emanny.

Joe will kick off his tour in NYC at S.O.B.’s the day of his release to celebrate his highly anticipated project. He will then hit seven other cities and round out his tour in Providence. Don’t fret, Joe plans on adding more dates in the future. Until then, check out Joe’s “Ordinary Love Shit 4″ to hold you over.

Previously: Joe Budden Sets A Release Date For His ‘Some Love Lost’ EP
Joe Budden Featuring Tsu Surf And Ransom “Nothing Changed

Joe Budden Featuring Crooked I “Devil In My Room”
Joe Budden Featuring Ransom “Make A Deal”

Mac Miller Signs to Warner Bros Records


Mac Miller has found a new home, the 22-year-old Pittsburgh rapper has inked a deal with Warner Bros Records. According to FADER, Miller has reportedly signed a deal worth $10 million, also bringing over his own independent label REMember Music.

Continue after the jump……

Warner is the most independent thinking company I met with,” Mac says of his new home. “It is a partnership and now I can focus on building my label Remember through music and let them handle everything I don’t like doing. Nothing will change in how I do things. They have Prince.

Previously, Mac had been signed to Rostrum Records from 2010-2013, where he released his first two albums Blue Slide Park (2011) and Watching Movies with the Sound Off (2013). Both albums debuted No. 1 and No. 3 respectively on Billboard’s album charts. Along with the label announcement, Mac Miller has also dropped the song “Just Some Raps, Nothing To See Here, Move Along,” which can be streamed below.

New Music: Mac Miller – “Just Some Raps, Nothing To See Here, Move Along”

Mac Miller’s Mom Recites Lyrics to “Watching Movies” on Jimmy Kimmel Live! (Video)
Mac Miller – “Diablo” (Video)

After reports of iCloud phishing attempts in China, Apple shows users how to stay safe

After recent reports of iCloud logins being harvested in China through purportedly state-sponsored phishing attempts, Apple is doing some damage control.  In an update to its iCloud support documents, the company clarifies that it’s “aware of intermittent organized network attacks,” but that its servers were never breached. It then proceeds to describe guidelines for users to keep safe online when using their iCloud logins, laying out how to detect whether you’re on a safe site when using Safari, Chrome and Firefox by indicating the various methods each browser uses to show the user he or she is on an encrypted connection…

This story continues at The Next Web

New Music: DJ Infamous Feat. 2 Chainz & Jeezy “Dikembe”


DTP Records own DJ Infamous gives fans of southern rap a double-dose of new releases. With tip-off to the 2014-2015 NBA season near, DJ Infamous, 2 Chainz, and Jeezy pay respect to Atlanta Hawks Dikembe Mutumbo by titling their latest collaboration “Dikembe.” Along with the new record for the streets, Infamous also drops the visual for “Somethin’ Right” with Big K.R.I.T. and Yo Gotti.

Both records will appear on Infamous’ Talk 2 Me mixtape, due in December.

Continue after the jump……

New Music: DJ Infamous Feat. 2 Chainz & Jeezy – “Dikembe”

DJ Infamous Feat. Big K.R.I.T. & Yo Gotti – “Somethin’ Right”
DJ Infamous Feat. Yo Gotti, Ace Hood, Kirko Bangz, Jim Jones, Snootie Wild & Tiffany Foxx – “Double Cup (Remix)” (Video)

Here’s Why The Government Is Filing Lawsuits Against Huge Piles Of Money

world series of poker cash dollars

A recent Washington Post series on a law that lets police seize your cash or property sheds light on a bizarre kind of lawsuit that doesn’t even list a human or company as a defendant. 

Under a federal law known as civil forfeiture, the police can seize your assets if they believe they were obtained through illegal means — even if you haven’t been convicted of a crime.

In order to keep those assets, the US government has to file a civil complaint, which looks something like this: United States of America, Plaintiff v. $13,630 in United States Currency, Defendant. As Sarah Stillman explained in The New Yorker last year, “civil forfeiture amounts to a lawsuit filed directly against a possession, regardless of its owner’s guilt or innocence.”

Of course, a human being is attached to these cases: the person whose cash or property was seized. In some cases, that might be a drug trafficker whose cash would have gone to fuel the violent drug trade.

In the case of the $13,630, the person was José Cristobal Guerrero, a North Carolina resident who was stopped in Atlanta in July 2005 while picking up his young relatives to go see family in Mexico. Guerrero, a legal US resident, was carrying several years of savings to pay family members’ bills and buy land in Mexico, as The Washington Post reported.

Like others who want to get their cash back, Guerrero had to go to court to say he was the rightful owner of his own cash. Luckily, the construction firm he worked for helped pay his legal fees. He got his savings back in August 2008, more than three years after the police took it.

Others might not have the wherewithal, or the resources, to wage such a lengthy battle for their own property. Unfortunately for those people, civil forfeitures have been surging in recent years and providing a steady revenue flow for police departments. The amount seized rose to $4.2 billion in 2012 from $1.7 billion the year before, Forbes has reported.

The practice recently attracted the attention of the comedian John Oliver. Watch his take below:

SEE ALSO: How A Small, Family-Owned Company Taught Cops Around America To Seize Millions In Cash

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