Tech 2.0 for Monday, February 20, 2012
Former Google CEO Eric Schmidt plans to sell up to 2.4 million shares of stock currently worth nearly $1.5 billion. According to a regulatory filing, Schmidt will stagger the sale of the shares over a one-year period. The company says Schmidt is trying to raise some money and diversify his investment portfolio. Schmidt's decision to sell some of his shares comes 10 months after he ended his 10-year stint as Google's CEO, turning the job over to Larry Page. Schmidt now serves as Google's executive chairman.
A startup backed by media billionaire Barry Diller has launched a service that sends live local TV feeds to
iPhones and iPads. But the service may be short-lived, since TV stations are likely to challenge its right to use their broadcasts. Aereo, launched in New York, is available only by invitation. But it hopes to broaden access to more people next month, and then launch in other cities.
Forget circling the block, hoping a parking spot will open up, just park at my house. The website parkatmyhouse.com matches desperate drivers with homeowners looking to score some cash. It's set to launch in the U.S. early next month, according to "Smart Money" debuting in northeastern cities like Washington D.C., Boston and Philadelphia. The owners say they already do a booming business in England. Homeowners can rent out their driveways or other parking property by the hour, day, week, or month. And the website takes a cut.
