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First Bytes Liberty And Sirius Facebook Oracle Silicon Valley

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by Megan Barnett
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Last Bytes: Twitter, Obama's BlackBerry, iPhone, Green Cars   The Coming $200 Netbook

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Feb 17 2009 9:07am EDT

First Bytes: Liberty and Sirius, Facebook, Oracle, Silicon Valley

Sirius XM Radio was saved by John Malone's Liberty Media, which provided a $530 million loan in exchange for a 40 percent equity stake. [Reuters]

Many Facebook users were surprised to learn that they don't own the content they put on their profiles. Facebook does. And now Zuckerberg has another revolt on his hands. [New York Times]

Bucking the trend, Oracle has been on a buying spree lately. Amazing what you can accomplish with a cash-rich balance sheet. [Wall Street Journal]

The recession has officially hit Silicon Valley. [Wall Street Journal]

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