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by Laura Rich
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Aug 05 2008 8:14am EDT

First Bytes: Yahoo Recount Edition; Friendster, LinkedIn, Apple, more....

--A major Yahoo shareholder is asking for a recount of last Friday's annual meeting. However it turns out, the company still rates second-fiddle to Google in the internet wars. [Portfolio.com]

-- Friendster, the one-time social networking darling, will today announce a $20 million investment and a new CEO. [NYT]

-- Now LinkedIn is letting current employees cash in stock options, like its larger rival Facebook. [Venture Beat]

-- In the wake of Apple's bungled MobileMe launch, Steve Jobs has admitted that the initiative is "not up to Apple standards" and "a mistake." [Ars Technica]

-- Ruh-Roh for the RIAA: Could the Jammie Thomas case, the recording industry's only successful prosecution case, be headed for a mistrial? [Wired.com]


-Sam Gustin

. □

Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.
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