Summary: Pierre Omidyar is investing $250m in a news venture that focuses on investigative reporting. Who will cover Silicon Valley and his pals in the industry?
Ah yes, the fabled "civic-minded billionaire" - you'll find him two doors down from the tooth fairy.
For extra points check the realtime insider trading page for ebay, see how much Pierre is dumping/disposing. Pretty clear he doesn't care about ebay except to fund whatever his other projects are, and he has no faith in it's future
Omidyar invested in a third-world micro-loans company whose savage bullying of debtors resulted in mass suicides. Rather than acknowledge this tragedy, Omidyar Network simply deleted reference to the company from his website when the **** hit the fan.