Owen Thomas is working on a treadmill desk for the next four months.

Dear Ryan:

As I head to NBC to run its Bay Area site, I'm leaving you one Silicon Valley gossip blog, used but in good condition. A few thoughts on how to keep it that way.

Day in, day out, as I've collected tweets from the media elite in our daily Twitterati, readers keep asking: Is this the best you can do? A fundamental misunderstanding: Twitter is best at its worst.

Sony Pictures employees can now waste their time on MySpace again, thanks to Valleywag. (You're welcome.) Here's the tale, from inside Sony's Internet operations, of how our story got the ban lifted.

These tweets are made for venting. Joanna Pearlstein, Susan Orlean, Jim Louderback, and other media twits found plenty to complain about on Twitter:

What do you get the social-networking mogul who has everything? Click to see Valleywag's gift to the 25-year-old blunderkind CEO of Facebook!

A tipster tells us that when Sony employees in L.A. try to log onto MySpace, "it directs you to google.com." Bizarrely, Sony's IT staff is saying it's MySpace's fault.

Give the newspaper bosses this much: In their desperation to fix their dying businesses, they are going after logical targets. Google's rise has exactly nothing to do with their fall — but Google has money.

An hour-long outage of some Google services this morning has turned into a full-fledged Twitter storm. What this really shows is a failure of Twitter to be meaningful and relevant to anything but Twitter.

It's one of many casually accepted, unchecked assumptions in Silicon Valley: Peter Thiel, the cofounder of PayPal and Facebook investor, is a billionaire, right? Leaked documents from his hedge fund, Clarium Capital, show he's not.

Did contractors pave imperfection into Apple's parking-lot paradise? A controversial photo showing a misspelled traffic warning sent one employee out on the asphalt to disprove yesterday's report of a chip in Steve Jobs's flawless facade.

Oh, the rebellious minions of Rupert Murdoch! The Wall Street Journal has issued precious new rules for how its reporters and editors must conduct themselves on social networks. They are, of course, being ignored.

Here's the backwards result of the legal crusade against Craigslist: The site never used to make money from its "erotic services" ads. But the service tells Valleywag that it's now planning to profit from porn.

The Twittersphere is up in arms over a move the message-broadcasting service made to make its site a bit less noisy: You can no longer easily eavesdrop on conversations with strangers. Hurrah!

Under pressure from state officials after a Boston medical student reportedly killed a masseuse he met on Craigslist, the classifieds site is cancelling its racy "Erotic Services" section with a new one reviewed by employees.

What happens when Apple's famously perfectionist CEO takes a six-month medical leave? Everything at Apple goes to hell. Like the parking lots. Feel better soon, Steve!

Don't take an iPhone to a movie screening, don't Twitter when you should be making coffee, don't buy a 2002 Honda, and don't be Meghan McCain. This and more we learned from Twitter today!

FuckedCompany creator Philip "Pud" Kaplan will soon be a married man. So why did he just unveil Flirt140, the world's most awesome online flirting site?