Super-local news isn't paying what they thought it would, and Patch continues to implode. Today is a bloodletting day.

That didn't take long! Last Wednesday, Bang with Friends—the app that lets you find which of your Facebook friends are down to bone—released an iPhone and Android version of the service. But Apple has already booted it out. Cofounder and CEO Colin Hodge told Valleywag that he's working with Apple to get the app, which…

IPO price: $38. Today's price: $26.

Former Groupon chief Andrew Mason is either having a nervous breakdown or a spiritual reawakening: "I spent a week in LA earlier this month recording Hardly Workin', a seven song album of motivational business music targeted at people newly entering the workforce."

New rumors that Yahoo is eyeing Tumblr for a mega-pricy acquisition are startling at first. It'd be an expensive, desperate plan. But if you look over the company's past, you'll see history repeating itself—and a trail of blood.

Yahoo has a problem: it has no idea what it's doing, or how it's going to do it (outside of teenage dream hires). Some people who claim intimate knowledge say the company is going to do it by throwing a serious Hail Mary in its quest for cool: buying Tumblr for $1,000,000,000. That's one billion.