Kara Swisher

Recent Posts by Kara Swisher

Jerry Yang Wins $8.25 Million! Oh, I Meant the Other Gambling Jerry Yang.

Many observers think that Jerry Yang needs to be a little bolder and has to really make big bets if he wants to turn Yahoo–which he co-founded–into a company with both momentum and excitement.


He could take a tip perhaps from the other Jerry Yang, a 39-year-old California psychologist with little poker experience, who won the World Series of Poker yesterday, taking in a kitty of $8.25 million in what is the largest annual tournament.

The Hmong immigrant from Laos, who has six children and whose profile is here, beat out almost 6,400 players in the no-limit Texas Hold ‘Em event.

“I study my opponents very carefully, and when I sensed something, when I sensed some weakness, I took a chance,” Yang told the Associated Press. “Even if I had nothing, I decided to raise, re-raise, push all-in or make a call.”

In fact, that’s not a bad strategy for Yahoo going forward.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work