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Calacanis Drops TechCrunch50 Lawsuit

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Calling the lawsuit a "PR stunt/blatant shakedown that so many tech journalists fell for," Arrington said that Arrington filed a court document asking for dismissal of the lawsuit. The news comes on the same day it was reported that Mahalo made a 10 percent cut to its staff, due to Google's recent search ranking changes.

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Calacanis Plans Competitor To TechCrunch

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Jason Calacanis , the CEO of Mahalo, is planning some direct competition to Michael Arrington's technology blog empire, TechCrunch , according to a report today from the Guardian. According to the report, Calacanis is developing a property called Launch , which will focus on deep analysis of companies.

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