Word: defunction
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...founder Dennis Crowley says Foursquare counts on users' becoming protective of their little territories. Foursquare is birthed from Crowley's previous effort, a now defunct site called Dodgeball that was bought by Google in 2005 but stuggled to expand beyond a few thousand users. Dodgeball had the map part but lacked the game, and when Crowley left Google in 2007, he tried to figure out how to make his next effort more fun. "Once we started resurrecting Dodgeball, we thought adding game mechanics might make it something really interesting," Crowley says. "And it really took off and became sticky with...
...left the Met in 1977 and went on to do a number of things. In the early days of the ABC-TV newsmagazine 20/20, from 1978 to 1983, he was its on-air arts correspondent. For a few years after that, he was chief editor of Connoisseur, a now defunct magazine of the arts, which I contributed to for awhile, so I can say with authority that an editorial meeting with the very tall, tirelessly enthusiastic Hoving was like sitting across a table from a windmill...
...February - after advertisers pulled out. This happened around the time that two state attorneys general began investigating the site for possibly violating consumer-protection laws and its own terms of use. But wannabe sites are eager to replace the once mighty JuicyCampus. So eager, in fact, that the defunct site was paid by ACB to redirect traffic to the upstart gossip...
...shares and options worth about $1 billion at their peak. He got less than $1 million when he sold them after the firm went bankrupt. (He still took home, before taxes, $490 million from his stock-based compensation, so don't cry for him.) James Cayne, CEO of the defunct Bear Stearns, was in a similar situation. If Fuld and Cayne had known their firms were as badly at risk as they proved to be, don't you think they'd have sold as much stock as they could before their firms imploded...
...Rajaratnam, the world's 559th richest person according to Forbes magazine at an estimated worth of $1.3 billion, has long faced suspicions of financial misconduct in the island nation where he was born in 1957. He has been accused of being a supporter of the now-defunct Liberation Tigers of Tamil Eelam (LTTE) and of using his financial strength to gain a foothold on the Sri Lankan stock market and manipulate it to suit Tiger strategies to undermine the Sri Lankan economy. Though he has not faced any formal charges in Sri Lanka, Rajaratnam and the Galleon Group, the hedge...