There’s a lot going on these days. It’s almost as if the silent dam of Memorial Day has broken and the rush of water has deafened us with its mighty roar. I should have been a poet. Here it goes:

1. Last.fm is bought by CBS for $280mm. A pretty successful site and one that was able to integrate community really nicely into the delivery of music. This comes after CBS acquired Wallstrip for a paltry $5mm. Looks like CBS is trying to move into the digital space, rapidly. Gee, I wonder what it’s worried about.

2. eBay pounces and acquires StumbleUpon for $75mm. I’ve used the service and I didn’t find it very useful, unless I REALLY wanted to waste some time or really didn’t have anything to write about. I found that it always sent me to a page that was created in 1997. For those of you who don’t know, 1997 pages are NOT aesthetically pleasing. If you’re wondering why eBay made this acquisition, keep on wondering. It looks like another corporate diversification move (possibly to bring in some community talent). This is a hiccup.

3. Who cares if the Chinese stock market plunged by 6.5%. We saw similiar action in February and we rebounded, the housing market continues its slow burn, and the economy is lumbering forward. Let’s set a record! The S&P 500 jumped and reached a new record high yesterday. Shhh… don’t tell anybody that if you adjust the index for inflation, we’re still in negative territory. Or that if you look at the Nasdaq, you’ll still sit in front of your computer screen and cry yourself to sleep. I could have, I should have… Yes, I know.

4. Microsoft Surface Computer: Microsoft releases a really cool addition to its maturing technological lineup. Check out the attached video. This conjures memories of the scenes in Minority Report where Tom Cruise does the widescreen criss-cross and acts as the judge, jury, and executioner (or prison guard). Microsoft plans on selling the surface computer to enterprises at first. It will bring down the cost of the machine, develop additional apps, and then sell it you and I. Smart move.

That’s it for now, folks!