Mobile payment startup Square lands $ 100 million venture investment
News from San Jose Mercury News:

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Jim McKelvey, co-founder/instructor for Third Degree Glass Factory, presents the Square, a new electronic payment system developed by Twitter founder and St. Louis native Jack Dorsey, December 21, 2009, in St. Louis, Missouri. McKelvey and Dorsey are partnered on the development of the Square. (Dawn Majors/St. Louis Post-Dispatch/MCT)

It’s been a busy week for Jack Dorsey.

On Tuesday, Twitter — which he co-founded, from which he was dumped in 2008 and to which he triumphantly returned this spring — announced that another co-founder, Biz Stone, was leaving. …………… continues on San Jose Mercury News
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Justin Timberlake buys his own social network with Myspace investment
News from The Guardian:
Josh Halliday

Justin Timberlake has taken a stake in Myspace after News Corp sold the social network for $ 35m. Photograph: Kevin Winter/Getty Images

Justin Timberlake is to take a “major role” in the new direction of Myspace after he emerged as one of those behind a $ 35m deal for the ailing social network.

The singer turned actor, who starred as Facebook investor Sean Parker in the Hollywood hit The Social Network, took a stake in Myspace along with the online advertising company, Specific Media.

The unlikely entrepreneur will “lead the business strategy” f…………… continues on The Guardian

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