wayn3chang

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'Social discovery' is not about making friends. It's about sex, narcissism, & gossip

“Social networking is what your social life looks like today, and social discovery is what your social life might look like tomorrow,” said ReadWrite editor-in-chief Owen Thomas during his opening remarks at Wednesday’s Glimpse Social Discovery conference.<p>In simpler terms: Social discovery is an …

US government begins loosening decades-old grip on the Internet

After incubating the Internet and overseeing it for decades, the US government announced Friday it's releasing the last elements of control it has.<p>The Department of Commerce originally handled core parts of the Internet, but gradually backed away from those duties through a contract with a …

The Zombie Numbers That Rule the U.S. Economy

Figures like gross domestic product were appropriate for their own time. But today, they paint a consistently misleading portrait of America.<p>This Thursday the Conference Board, a global business association, released its monthly index of “leading economic indicators.” Like the unemployment and …

With Fewer New Firms, the High-Tech Sector is Losing its Dynamism

Believe it or not, America’s high-tech sector has become less dynamic and less entrepreneurial in the last decade. That’s the key takeaway of a recent Kauffman Foundation report I co-authored.<p>Despite the fanfare this vital segment of the economy and its start-ups have received in recent years, the …

Entrepreneurs Don’t Have an Optimism Bias — You Have a Pessimism Bias

It comes as no surprise that entrepreneurs are an optimistic bunch. Research has confirmed as much, suggesting that entrepreneurs suffer from an “optimism bias,” one that is linked to both advantages and disadvantages. Optimism can help entrepreneurs persist in the face of a challenge, but it can …

US urges South Korea to move network traffic away from Chinese hardware, citing spying concerns

Seoul quietly moves away from Huawei amid concerns of cyberespionage<p>The South Korean government has decided to route sensitive data away from networks operated by Huawei, amid longstanding fears from the US that the Chinese company's infrastructure could be used to spy on communications. As the <i>Wall</i> …

The State Of The Mobile Advertising Industry Is Strong

Targeting, tracking, and attribution technologies are beginning to come into their own. The market is still fragmented among an alphabet soup of entities including, demand-side platforms or DSPs, and supply-side platforms, SSPs. But big companies are acquiring smaller ones along with their tech …

AdTech

Meet Jesse Cohn, The 33-Year-Old Hedge Fund Investor Laying Siege To Silicon Valley

In 2006, a 26-year-old senior tech analyst at a hedge fund walked into the office of a stressed out Harry Knowles and told the then 76-year-old CEO of Metrologic Instruments that he needed to sell the bar-code scanning systems maker he founded to a private equity firm. The hedge fund that employed …

You Can Explain eBay's $50 Billion Turnaround With Just This One Crazy Story

Between 2005 and 2007, its stock price was cut in half and its market cap shrank by $30 billion.<p>In October 2007, eBay admitted that Skype, a company it had acquired for $2.5 billion two years earlier, was actually worth less than half of that.<p>During the third quarter of 2007, eBay lost money for …

Startups

Twitter shares plunge on slowdown in tweeters and losses

Slow user growth knocks $6.5bn off micro-blogger's shares after results disappoint<p>Nearly $6.5bn was wiped off Twitter’s value in extended trading on Wednesday night, after the social media company’s first set of results as a listed company showed a dramatic slowdown in user growth.<p>The San …

Search

FORTUNE — Market prognosticators have conjured up many a reason for the two-day rout of stocks on Thursday and Friday, which sent the Dow Jones Industrial Average (INDU) plunging 494 points (3%) and the S&P 500 (SPX) down 55 points (3%). Some blamed the slowdown in China’s perpetual manufacturing …

The US is going to be a big winner in this currency crisis

Emerging markets are again being whipsawed by the two largest economies in the world.<p>The surging Chinese economy, a large contributor to world growth in recent years, shows signs of cooling. And with the US economy firming up, the Federal Reserve has started cutting back on its bond-buying programs.<p>…

Facebook will lose 80% of users by 2017, say Princeton researchers

Facebook has spread like an infectious disease but we are slowly becoming immune to its attractions, and the platform will be largely abandoned by 2017, say researchers at Princeton University (pdf).<p>The forecast of Facebook's impending doom was made by comparing the growth curve of epidemics to …

What five smart bulls say now

We hear far too much from gurus and strategists who have consistently missed the boat. But what about those who have been on the money? I’m talking, …

Law school enrollment is collapsing

The life of a budding American lawyer isn’t what TV shows like “L.A. Law” once made it out to be.<p>Fresh numbers from the American Bar Association show US law school enrollment tumbling 11% over last year to 39,675. That’s the number of full-time and part-time students who started law school studies …

The City

How Google Sold Its Engineers on Management

Artwork: Chad Hagen, Graphic Composition No. 1, 2009, digital<p>Since the early days of Google, people throughout the company have questioned the value of managers. That skepticism stems from a highly technocratic culture. As one software engineer, Eric Flatt, puts it, “We are a company built by …

FTC questions whether online 'sponsored' content is deceptive advertising

The FTC's advertising rules strictly prohibit deceptive advertisements: ads that readers or viewers probably won't recognize as ads. Online, though, those distinctions can become unclear. Even if something is labeled "native advertising" or "sponsored content," its placement or writing style can …

House of Representatives passes widely supported bill to fight patent trolls

A bipartisan bill that cracks down on potentially frivolous suits from "patent trolls" has passed the House of Representatives. Rep. Bob Goodlatte's (R-VA) Innovation Act passed committee in November and reached the House floor today, where it was approved in a vote of 325 to 91. It has gained wide …

Institutions Have Been Dumping Billions Of Dollars Of Stocks All Year, But Now The Selling Is Really Accelerating

During the week ended November 29, in keeping with a trend the bank has been observing since it started compiling these data in 2008, big institutions that do business with BofAML unloaded $2.3 billion from their U.S. equity portfolios.<p>"Institutional flows suggest waning confidence in U.S. …

Best Buy Made One Important Change That Is Saving Its Business

The retailer's share price has more than doubled in the past year as CEO Hubert Joly makes changes that are helping Best Buy compete against retailers like Amazon and Wal-Mart.<p>One change has been especially instrumental in saving Best Buy, according to a recent note by analysts at Piper …

Profit

Dropbox Seeks Funding Round at $8 Billion Valuation

Online-storage service Dropbox Inc. is raising a funding round that could value it at more than $8 billion, according to people familiar with the …

Venture Capital

How Much Is A Pinterest Pin Worth? Much More Than A Tweet

We know just how much Pinterest has been valued at–$3.8 billion–but how much is a pin on the social media cork board worth to brands?<p>Social media marketing and analytics firm Piqora thinks it has the answer, after undertaking a nine-month study of more than 1,000 brands on the site. Stats please, …