Jaron Lanier’s latest book, Who Owns the Future?, begins by noting an instructive coincidence: the bankruptcy of the photography giant Kodak occurred within months of Facebook’s billion-dollar acquisition of the photo-sharing site Instagram. This would be just one example of the destructive dynamism of American capitalism, a process …
Technology & Media
Bait and Switch: Beware Low-Price Guarantees
Retailers love that price-matching guarantees attract shoppers. At the same time, they hate it when customers actually try to take advantage of these policies.
Tom Wheeler, Former Lobbyist and Obama Fundraiser, Tapped to Lead FCC
U.S. President Barack Obama named prominent venture capitalist Tom Wheeler as his nominee to be the new chairman of the Federal Communications Commission, as expected. In a brief White House ceremony on Wednesday, Obama said that …
Why Mobile Growth is the Key to Facebook’s Future
The future of computing is in the palm of your hand — and Facebook knows it. That’s why the most encouraging thing about the tech giant’s generally solid earnings report Wednesday was the fact that mobile revenues represent a …
TIME Tech 40: The Most Influential Minds in Tech
Trouble With Your Investment Portfolio? Google It!
In the stock market, there are countless strategies for making a buck. Some investors like to focus on the fundamentals of the companies they invest in — poring over financial statements to figure out which firms are over- or under-valued. Others invest based on trends or macroeconomic events, like whether the Fed is raising or lowering …
The Internet Doesn’t Hurt People — People Do: ‘The New Digital Age’
The rise of the Internet has been one of the most transformative developments in human history, at least comparable in impact to the advent of the printing press and the telegraph. Over two billion people worldwide now have …
Time Inc.’s 10 NYC Startups to Watch for 2013
Each Spring, Time Inc. highlights New York-based startups that exhibit the greatest potential to transform their respective industries, which can range from shopping, personal health, and dating to customer service, social media, and data analysis. Click through to see the class of 2013.
Need a Babysitter in a Pinch? There’s an App for That
Finding a babysitter can often be a challenge for parents who lack a trusted friend or relative to fill the role. Things only get worse when one’s needed on short notice. But a quickly growing online service aims to make
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Cornell NYC Tech: Here’s Why a Qualcomm Billionaire Gave $133 Million
New York City’s plan to establish a world-class applied sciences university received a major boost on Monday with the announcement of a $133 million donation from prominent tech billionaire and philanthropist Irwin M. Jacobs, …
How Google Beat Viacom in the Landmark YouTube Copyright Case — Again
Media giant Viacom just can’t win — at least when it comes to the company’s long-running, landmark copyright infringement lawsuit against Google‘s YouTube video service. A federal judge handed a major victory to YouTube on …
Does Kmart’s Hilarious New Ad Acknowledge That Kmart Stores Are Hopeless?
In just over a week, Kmart’s 30-second “Ship My Pants” spot — go ahead, say it quickly — has received close to 13 million views online. The viral hit should give the struggling retailer some much-needed buzz. It might also call …