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Submission + - I designed North Korea's new website -- by accident ( 1

Velcroman1 writes: Robert Westmore of Southern California designs websites for a living — but he was shocked to learn that he had designed a new homepage for the reclusive North Korean regime. “I had no idea,” he said in an interview. “Honestly, I didn't even know North Korea had a website.” While the notorious totalitarian government continues to spend hundreds of millions on failed rocket launches, North Korea skimps in other areas, notably web design. Indeed the country spent just $15 redesigning its national homepage, — a fact accidentally discovered by an unsuspecting college student. Westmore was surprised, but okay with it in the end. “As a web designer I'm always happy to see my work getting utilized,” said Westmore, who spent several months of development on the theme. “Especially when it's on a high-profile website.”

Comment What will do to Facebook's future IPO? (Score 4, Informative) 307

What will this do to Facebook's future IPO when potential investors see a "maverick" CEO who does what he wants without consulting the board? I can't imagine a lot of fund managers will like the idea of putting billions of dollars at stake with someone like Zuckerberg spending huge sums of money without getting input from people who already own a large percentage of the company.

How does Zuckerberg own only 28% of the stock but have 57% of the voting rights? Are there really that many non-voting shareholders?


Submission + - Bitcoin user gets robbed of his 1/2 million wallet (

anomnomnomymous writes: "One user claims that an unknown thief has stolen his virtual wallet with Bitcoins, worth the equivalent of half a million dollars. In a posting on the Bitcoin forum, a user with the nickname Allinvain claims 25,000 Bitcoins have been captured; An amount with a rough value of 467.500 dollar.
So are we going to see more of these robberies in the future? This clearly shows one of the downsides of the semi-anonymous currency, as a recourse or refund (or legal protection) is nearly absent."


Submission + - Facebook IPO In Early 2012 for $100 Billion (

CaptSwifty writes: CNBC is reporting that "Facebook will likely go public in the first quarter of 2012, with a valuation that could top $100 billion, according to people familiar with the matter... SharesPost, a private exchange that buys shares of non-public companies, last sold 100,000 shares of Facebook for $3.4 million, which put the company's valuation at $85 billion."

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