Kara Swisher

Recent Posts by Kara Swisher

How Deep Is the Ocean, How High Is the Sky? Apple Stock's Wild Ride After Huge Quarterly Earnings Report.

After Apple turned in stellar second-quarter earnings yesterday, its shares surged above $260 in after-hours trading and then fell back down to close at $244.59.

What’s next is anyone’s guess, including Wall Street’s.

So it will be interesting to see where the stock opens today, especially as there seem to be more innovations en route from Apple (AAPL), as suggested by the unscrupulously obtained news about a handsome new iPhone coming soon.

In any case, the computer giant continues to flirt with the possibility of reaching the market cap of Microsoft (MSFT). Apple’s valuation is now at $222 billion, while Microsoft is at $275 billion.

Until this happens or doesn’t, let’s enjoy a video of the incomparable Billie Holiday singing, “How Deep Is the Ocean (How High Is the Sky)”:

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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