Also: Carl Icahn snaps up a 6% stake in Dell.
A significant round of layoffs is happening at the Bellevue headquarters of T-Mobile USA just ahead of its merger with MetroPCS, according to people inside the company.
Employees are expecting the cuts, which may affect more than 100 people in marketing and other groups, to happen Thursday, when conference rooms at the company are reserved for “integration” meetings.
Each Facebook post seen by one-third of friends, on average [THE NEW YORK TIMES]
On average, each post was seen by one in three Facebook “friends,” according to an analysis of 220,000 Facebook users’ posts last June. Over the course of that month, users reached an average of 61 percent of their friends.
Carl Icahn takes up to a 6% stake in Dell: Sources [CNBC]
When reached for comment, Icahn said he wouldn’t discuss Dell or any rationale he had for the investment. However, people familiar with the situation said Icahn has met with advisors for Dell’s special committee and urged them to pursue a leveraged recap of the computer maker—rather than the $13.65 a share leveraged buyout by Michael Dell and Silverlake that has been agreed to.
Ev Williams: Medium wants to help build a sustainable economic model for journalism [TECHCRUNCH]
While the economics of journalism “is a very tough problem,” Williams says, building an economic model that supports journalism “is a worthy goal” and something Medium is “definitely going to experiment with,” he concluded. The economics are different building a content platform than it is for a publication, any time you build a content platform, you will have commercial usage, and if it’s sizable than there’s money to be made, which is different than the problem The New York Times faces, for example. The idea is to create a bunch of people who are motivated to create content not because they’re getting paid, but because they want to create.
Path hires Ex-Google, Lytro finance head as new CFO [ALL THINGS D]
Jabal comes to Path after a year-long stint as VP of finance at Lytro, the experimental camera startup, where she handled the company’s finance, accounting and tax-related activities. Previous to that, she spent more than eight years at Google in multiple finance-focused positions, including directorships in the online sales department, investor relations, and ultimately as director of engineering finance.
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