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PayPal to cut several hundred jobs, say reports

PayPal is cutting 3 percent of its workforce, or from 300 to 400 jobs, as new President David Marcus looks to streamline operations and trim costs, according to reports.

Bloomberg cited an unnamed source in reporting the news, and Reuters followed with its own report later in the day, also citing an anonymous source.

PayPal's product and technology groups would be hardest hit by the cuts, which will occur in the next few weeks, Bloomberg said. PayPal currently employs about 13,000 people.

The company is facing competition in the online-payments market from startups like Stripe and WePay. It'… Read more

Stripe Connect gets the money train rolling for online shops

Merchants or community managers that sell goods or accept donations through larger platforms like Shopify, Reddit, or Skillshare can now quickly start taking credit cards, thanks to a new system from the online payments company Stripe.

Called Stripe Connect, the new system is designed to make it easy for any online shop or group to process credit-card payments from donors or customers.

At the same time, Stripe Connect is also giving Stripe partners a way take advantage of analytics software, CRM systems, and other financial packages in order to see real-time account data. Indeed, the company is hoping that developers … Read more

SecondMarket banks on rising tech stars, new markets

SecondMarket, which runs a market for shares of private companies, took a big hit when it lost Facebook as a customer, even letting go of 10 percent of its staff.

So who will replace Facebook, which since SecondMarket got into this business has been its most actively traded stock? That's a tall order, and it's unlikely that any one company will make up for all the trading that went on with Facebook.

Moreover, it's hard to assess what's going on with SecondMarket since the company doesn't disclose much. It won't say, for instance, which … Read more

Jack White's triple-decker LP

Jack White (White Stripes, Raconteurs, Dead Weather) has a cool video demonstrating his "triple-decker," three-records-in-one 12-inch single, "Blue Blood Blues." You have to watch the video to see exactly how the technology works, but let's just say for now it's a 7 inch 45 rpm single glued to one side of a 12-inch single; but the 12-inch can be pried open to retrieve another 45! It's a limited to 300 edition so I'm sure it'll sell out quickly. The Triple-Decker Record is a Jack White invention; and it's assembled by … Read more

GM Aerodynamics Laboratory turns 30

What do the Canadian Alpine Ski Team, the America's Cup-winning Stars & Stripes yacht, and the 2011 Chevy Cruze Eco have in common? They've all been tested in the GM Aerodynamics Laboratory.

For 30 years, engineers have used the GM Aerodynamics Laboratory to improve the capability of vehicles and athletes to slip through the air more efficiency.

The GM wind tunnel, the largest of its type dedicated to automotive work, began operating in August 1980. During the past three decades, engineers have used it to cut the coefficient of drag of GM vehicles by about 25 percent, according … Read more

Jimmy Page, The Edge, and Jack White turn it up to '11'

"It Might Get Loud" is definitely one of the best rock documentaries I've seen in a while. Thankfully, it doesn't have a narrator spouting somber lines about the importance of it all. You don't have to suffer through inserted clips of celebrities and other musicians babbling about how great Jimmy Page, The Edge, and Jack White are.

The filmmakers cover the three guitar greats individually doing their things, but the film is at its best when the musicians get together on a film sound stage to talk shop and jam.

There's a great little … Read more

Radiohead, Beck, White Stripes live on DVD

I was never much of a fan of music videos or MTV. I couldn't understand why anyone would want to watch a band act out a silly story or lip-sync to a make-believe "performance." Why not just shoot the band playing for real in a studio?

The geniuses at IFC have done just that with Nigel Godrich's "From the Basement" series, which is now coming to DVD. There's an amazing roster of talent to see and hear.

High points include the White Stripes. Jack's wailing vocal acrobatics and scorching guitar riffs bouncing … Read more

Make slick Web 2.0 site backgrounds with BgPatterns

Want a cool looking background for your site or favorite nanoblogging service like Jaiku, Pownce, or Twitter? Check out BgPatterns, a site that's not unlike the Web 2.0 stripe generator in that it lets you put together really slick looking repeating backgrounds with a simple builder.

To make one you just pick out what kind of pattern you want, and choose the colors. It'll blend all the elements together and give you a simple JPEG file you can use wherever. Advanced users who want a little more control can tweak things like scale, image rotation, and opacity … Read more

The Rolling Stones, The White Stripes, Bruce Springsteen DVDs--why just listen when you can watch?

The CD may be on its way out, but music and concert DVDs are doing just fine, thank you very much! Late last year I wrote a feature for Home Entertainment magazine running down some of my favorite music DVDs of all time. They were all "live" recordings--there wasn't a single MTV style "music video" in the bunch. This is an abridged version of the article, check the Home Entertainment website to check out the complete article. Oh, and I've added a few DVDs that didn't make the article.

Led Zeppelin

With a … Read more

Raconteurs to avoid leaks with quick release

Back in the old days (like 2007), the marketing strategy for new albums included a prerelease "rolling thunder" PR campaign. First came a single, followed shortly by the video.

Then a few chosen reviewers would get early copies with "NOT FOR RESALE" imprinted across the front, allowing them to have their reviews ready slightly before or on the release date. Retail outlets would receive promotional matter, like cardboard cutouts of the band standing in front of the album cover. A few warm-up shows would feature songs from the record. Meanwhile, somebody--a reviewer, a disgruntled record … Read more