Peter Kafka

Recent Posts by Peter Kafka

Wall Street Yawns at Google’s China Deal

“We view this news as a non-event,” writes J.P. Morgan analyst Dick Wei. Wall Street seems to agree, more or less; it has pushed Google shares up a modest two percent in a flat market. More from Wei: “We maintain our view that Google is likely to gradually lose market share in China, with an inferior search experience.”


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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