Spotify Is Working on an Online Radio Service [REPORT]
Spotify is working on an online streaming radio service, similar to Pandora, Bloomberg reports. Citing people with knowledge of the company's plans, Bloomberg says the new service would be supported by advertising, with an expected launch near the end of the 2012.
Nintendo Posts First Annual Loss
Nintendo posted the first annual loss -- $459.54 million -- in the history of the company. The company missed expectations on all its key products: it sold only 9.8 million Wii consoles, 13.5 million 3DS handhelds and 5.1 million DS consoles. Nintendo hopes to turn things around with its upcoming Wii U console and a cheaper 3DS.
Andreessen Horowitz to Give Half of Their Earnings to Charity
Andreessen Horowitz's six general partners -- Marc Andreessen, Ben Horowitz, Jeff Jordan, Peter Levine, Jon O'Farrell and Scott Weiss -- have made a pledge to donate at least half of their earnings to charity, Fortune reports. Taking a cue from the Buffett/Gates Giving Pledge, these VCs hope to inspire other entrepreneurs to donate to charity, too.
"We hope other venture capital firms are inspired by what we're doing, and maybe do something similar," said Ben Horowitz.