Insider sales of stock at public companies increased at the end of April and beginning of May, with The Pragmatic Capitalist noting in a chart that Jeff Bezos sold $63 million of Amazon.com stock; Bill Gates disposed of $40 million of Microsoft stock and Mitchell Gold sold $15 million of Dendreon.
Pathway Medical Technologies has laid off 39 workers after it failed to reach targets on its latest venture capital round. According to Xconomy, the Kirkland medical device maker was looking to pull in $55 million, but only secured $42.3 million.
T-Mobile executive Joe Mallahan has pumped $200,000 of his own money into his campaign for Seattle mayor, with The Stranger reporting that the challenger to Greg Nickels now has $218,000 in total contributions. That compares to $318,000 for Nickels.
Fail Blog won two People's Voice awards from the Webby's in the humor and weird categories. That's four Webby's for Pet Holdings -- the parent company of Fail Blog and I Can Has Cheezburger -- in the past two years, said founder Ben Huh.
WhitePages has introduced its new application for the BlackBerry, including more than 600 million unpublished and hard-to-find mobile numbers.
Widemile, which provides testing and optimization technologies to enhance the value of Web site, has laid off five employees. The Seattle company now employees 25 full-time workers, with CEO Robert Bergquist saying it was tough to let good people go in a bad economy.
Headline of the day via ValleyWag: "Which venture capitalist is a closet pothead?"
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