This guys is making fun of startups that are fighting HIV and cancer and he's working on a bookmarking site? If the word social was on his resume more, it would be a parody in itself.
This guy is a good example of a washed up dev who think he's smart because he can be mean.
Whats also fascinating is this guy is implying the his version of silicon valley is somehow 'true' and these startups who have managed to get users, launched product and revenue are 'hyped'.
Please maciej, leave the valley. You're right - too much hype and purists like yourself shouldn't be tainted with products that actually get users and make money.
Also, look forward to pinboard being the next big thing.
With a little bit of investigation, you can see this headline is alarmist. These aren't hijackings, they are just restaurants who are authorizing other companies to manage their online presence.
2% of Dubai's economy is petroleum based and that took decades of diversification.
Source: http://en.wikipedia.org/wiki/Economy_of_Dubai