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Tracking the Silicon Valley Shake-Ups

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Shutdown: Mygazines, a web site that allowed folks to share digital copies of magazines, has shut down. It was sued by magazine publishers and later settled. It was a bad idea to begin with, no surprise it is gone. (Folio)

Shutdown: Skyrider, a P2P software company, has apparently shuttered its doors after treading water for a very long time. (NewTeeVee)

Restructured: Tesla chairman and investor Elon Musk has taken over as CEO of the company, is cutting staff and scaling back ambitious plans. (Earth2Tech)

Restructured: Twitter has swapped the roles of its CEO and chairman — Ev Williams is the new CEO, and Jack Dorsey is the chairman. No layoffs. (Twitter Blog)

Also….

  • Pandora, an online music startup, is cutting 20. (GigaOM)
  • Heavy.com, an online video site, is laying off 12 employees in a second round of cuts. (Paidcontent)
  • Zillow, an online real estate service, is cutting 40 employees, or roughly 25 percent of its work force. (Zillow Blog.)
  • SearchMe has slashed 25 percent of its work force. (VentureBeat.)
  • Zivity and Hi5 have trimmed their staffs. (VentureBeat)
  • Seesmic has cut 10 jobs. (NewTeeVee)

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