DST

Today in Tech: MacBook Pros refresh coming, Alibaba CEO resigns over fraud

February 22, 2011: 5:00 AM ET

A curated selection of the long weekend's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to your inbox every morning.

  • Major executive shakedown over at Chinese business-to-business service Alibaba.com. CEO David Wei and COO Elvis Lee took responsibility and resigned over fraudulent company activity that they were reportedly not involved in. An internal probe found that 2,000-plus vendors on the e-commerce site submitted fake business registration papers, a situation which some 100 employees knew about. (Wall Street Journal and TechCrunch)
  • Is blogging already on the wane? That's what The New York Times is saying. Apparently, blogging from 12 to 17-year-olds dropped by half from 2006 to 2009 -- instead, they're taking to Facebook and Twitter. But the situation may not be as dire as the publication makes it out to be. According to entrepreneur Matt Mullenweg, all the major blog services, including WordPress and Blogger, are still growing.
  • Apple is expected to announce a new high-speed connection technology that would be faster even than USB 3.0, a technology offered on PCs but has yet to find its way into the Cupertino company's Macs. "Light Peak," as it's currently been dubbed, as originally touted by Intel as the holy grail of connector technology: a single replacement for the myriad cables that connect to monitors, external drives, scanners, printers, and anything else that plugs into a computer. Sony is also expected to be an early adopter. (CNET) More
  • Facebook's friend in Russia

    DST's Yuri Milner makes big bets on social media companies and brings new clout -- along with a mysterious oligarch backer -- to Silicon Valley.

    Yuri Milner has 50 friends on Facebook. Mark Zuckerberg is one of them. They met a couple of years ago when Zuckerberg, the Facebook founder and CEO, was trying to learn more about a Russian social network that Milner partly owned. Then, in the spring of MORE

    - Oct 4, 2010 3:00 AM ET
  • Who is Alisher Usmanov?

    By Bill Powell and Jessi Hempel

    Alisher Usmanov is one of Vladimir Putin's "oligarchs," as the businessmen in Moscow with deep ties to the Kremlin have come to be called. That he is one of Putin's oligarchs is to say that he was not one of Boris Yeltsin's. In the early 1990s, Yeltsin's disciples got hugely rich buying formerly state-owned enterprises in Russia on the cheap. Usmanov was virtually unknown at MORE

    - Oct 4, 2010 3:00 AM ET
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