TheNewMedia Byte - 12/15/11

1. China protests in a village, Wukan has been removed from the web. The Chinese government has taken control over the web content and blocked all search material on revolt happening at Wukan. Users of Sina Weibo, the country's Twitter-like micro-blogging site, say searches for Wukan return no results.  Instead a message appears saying, "According to relevant law, regulations and policies, search results for Wukan cannot be displayed."


The dispute is that the local government has confiscated the land of villagers and selling it to the developers. The revolt has intensified when Xue Jingbo who was negotiating on behalf of the village with the authorities, died in police custody.


2. The much awaited Facebook IPO is going to create millionaires. People familiar with Facebook say that even by conservative estimates there are likely to be well over a thousand people at million-dollar-plus paydays after the company goes public. One of the Facebook employees that he expects his shares to be worth $50 million if the company is valued at $100 billion. He plans to fulfil his childhood dream of space travel when gets that money.
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