Peter Kafka

Recent Posts by Peter Kafka

AOL Gets Out of Kayak

Forgive me if this is old news, but it seemed new to me: AOL says it has sold off its stake in Kayak, the giant travel site (okay, not giant, but big among the iPad-owning tech set, at least), for $19 million. The company mentions the deal as an aside in its Q2 earnings release and says the deal closed late last month. It had owned a chunk of Kayak since 2004; the sale is part of an overall slim-down effort that has seen the company dump Bebo and ICQ, among other assets.


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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