Due to a disagreement between Tariq Krim and Pierre Chappaz about the future of Netvibes and Netvibes Universe efforts, Chappaz left Netvibes (while remaining a shareholder) to work fully on Wikio. Wikio is a news submission website with a voting system that is similar to Digg.
Through Wikio, users can customize the types of news they prefer to see though. How so? Users can create new tabs and then select tags or add tags that relate to the news they want to read.
Does Chappaz’s departure mean bad news for Netvibes? Not likely. I think Chappaz did the right thing because whenever there are disagreements between upper management, a business can only go down-hill from there.