After Rocky Year for Start-Ups, Investors Are Pickier
Call it the Facebook effect. Until recently, investors had been all too eager to pour millions into any Web start-up with rapid growth, regardless of whether it made money or even had plans to do so down the road. But after Facebook’s rocky initial public offering and flameouts at Zynga and Groupon, venture capitalists are entering a picky phase. Read more here.
Oracle Corp fixes Java loophole
Oracle released an emergency software update today to fix a security vulnerability in its Java software that could allow attackers to break into computers. The update, which is available on Oracle’s Web site, fixes a critical vulnerability in Oracle’s Java 7 that could allow a remote, unauthenticated attacker to execute arbitrary code. The attack can be induced if someone visits a Web site that’s been set up with malicious code to take advantage of the hole. [Source]
MIT.edu, DOJ.gov, W3.gov All Currently Down Following Investigation Into Swartz Tragedy
Following calls for an investigation into the prosecution and recent suicide of internet activist, Aaron Swartz, MIT’s website is currently down. MIT’s President L. Rafael Reif today called for an investigation into the handling of the case brought against Swartz for his release of pay-walled academic papers from popular database, JSTOR.
As of this writing, DOJ.gov, which redirects to the Justice.gov, the Department of Justice Website, was also down, as was the redirect for the World Wide Web Consortium, w3.gov. [Source] For more on Swartz, read TheSunnyMag.
Britain Set to Join High-Speed Mobile Party
This month, OfCom plans to remove the obstacle that has consigned most British consumers to the wireless slow lane — a lack of broadcast spectrum. The regulator, which has not announced a start date, plans to sell 250 megahertz of spectrum vacated by television broadcasters or freed up by the government, representing an 80 percent expansion of the licensed airwaves, in an auction involving seven bidders. [Source]