Techcrunch is reporting that Yahoo CEO Terry Semel has resigned. You can read more at Techcrunch or MercuryNews.com.

I’m sure most of you are aware of the Firefox memory leak problem. It’s been so bad on my computer that I have to shut down FireFox multiple times a day. Even then, with only 6-7 windows open, Firefox can start draining the memory on your computer. This morning for example, I’ve already restarted Firefox once and with 7 tabs open and a few add-ons running ( Allpeers, Colorzilla, del.icio.us, Firebug, ScribeFire, SEO for Firefox, Session Manager, Web Developer, Talkback and Video Downloader) my Firefox memory usage is over 700k. I’ve tried several different adjustments including changing the “browser.cache.memory.capacity” to 16384. Nothing seems to work. With Apple making Safari available for windows, it might time to switch. I think the only thing that’s keeping me from switching is the fact that I’ve become dependent on the Firefox extensions. If anyone has suggestions for fixing the memory leak, I would love to hear it. Otherwise, I think Firefox better get to fixing this problem or they will see their market share dwindle.

Me.dium announced today that they’ve secured a second round of financing, to the tune of $15 Million. You can read the press release here and the CEO’s blog post here.

This latest round raises Me.dium’s total funding to $20 million since being founded in June of 2006. Me.dium reveals the hidden world of people and activity behind the browser, building a new Social Exploration Environment (SEE) for the Web. The funding will be used to build out the infrastructure to support its launch to the general public later this year.

I just wrote last week about Casey Serin and his blog iamfacingforclosure.com and how he announced that he had closed the blog for ever. Well, guess what, he’s back. He promises an explanation soon for why he came back.

The worst site on the web just happens to be one of the most popular.

Zappos.com is closing in on the $1 billion sales club. The online shoes retailer expects to generate web sales of $800 million in 2007, an increase of 34% over sales of $597 million in 2006, and $1 billion in 2008. There’s no wonder that Amazon is trying to get a piece of the action with their new offering Endless.com. It’s amazing the growth that Zappos has experienced  since launching in late 1999.

Read my earlier post on Endless.com

One of my favorite web companies are rumored to be getting a good payday. The BBC is reporting that Last.fm has been acquired by CBS for $280 million. Not bad, however it seems to me that Last.fm could have gotten more, upwards to $500 million. I’m not sure how I feel about an oldschool media company like CBS getting there hands on a company like Last.fm. I guess we’ll just have to wait and see.

You can check other posts that have done on last.fm, here and here.

Read what other blogs are saying:
BBC
Techcrunch
Valleywag
Mashable

Google adds a cool new feature to their Google maps, “street view”. The street view feature puts you in the middle of the street with a 360 degree view of everything around. You can navigate street view by moving around a little avatar or double clicking on the blue line. Google street view is only available in a few cities, like San Francisco, New York and Las Vegas.

Here’s what others are saying about street view.
GigaOm
Techcrunch
Mashable

Technorati Tags: google, streetview, sanfrancisco

Donald Trump and Mark Cuban have had a few choice words for each other lately. I just read Mark Cuban’s blog and he’s right on point with a few things.

Or best of all, you can go back to NBC and ask for one more season of The Apprentice. Me against You. We let the audience pick the tasks and our teams and we let Rosie O’Donnell and Melania be in the boardroom and decide who wins or loses. I would do it just to see those two sitting next to each other.

I would pay to watch that. Read his full post here.

Techcrunch is reporting that the folks that bring us The Pirate Bay, is planning to launch a streaming video site. The new site is expected to be at thevideobay.com. This new site will be Youtube-like except that they’ll probably be ignoring DMCA take down notices. Look for thevideobay to get a lot of attention quickly and be the subject of many legal inquires.