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Carl Icahn sent a letter to Yahoo stating that he was perplexed by the board’s decision to reject the Microsoft bid, and now wants to replace the entire board. Meanwhile Yahoo’s chairman Roy Bostock shot back with a letter that says Icahn suffers from a “significant misunderstanding of the facts.” In the meantime, Yahoo is working on that advertising experiment with Google to prove they don’t need Icahn OR Microsoft. Microsoft is now floating the idea of a “transaction” with Yahoo…

An Interactive Advertising Bureau report says that online ad revenues jumped over twenty-five percent last year vs. the year before. The lion’s share of the market belongs to keyword search advertising, with over forty percent of the market.

Another thriving industry is the gaming industry. Nintendo leads the pack — they sold more Wii’s and DS’s than all the other consoles COMBINED. GTA4 may be the saving grace for Sony and Microsoft. It’s number one for software sales, and since it’s only available on the PS3 and X-Box, maybe it’s big success will sell some more consoles.

ArsTechnica is now part of the Conde Nast family, along with Wired and Reddit. The founders and employees are staying on for the transition.

Facebook Connect is here, but they don’t want to connect with Google. They say it’s because of privacy issues - which raised some hackles - and also raises the question - who controls your data?

The mother involved in the MySpace suicide case has been indicted by a federal grand jury for violating MySpace terms of service by creating a false profile, as well as cyberbullying. If she’s guilty, she deserves to be punished, but what kind of precedent does this set for people who violate user agreements?

Honda’s ASIMO robot conducted the Detroit Symphony!

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via webbalert