Arik Hesseldahl

Recent Posts by Arik Hesseldahl

NetSuite Shares Fall as Loss Shrinks Only Slightly

NetSuite, the cloud-based enterprise resource planning outfit, reported a quarterly loss of $6.4 million, or 10 cents a share, today, fractionally better than its loss in the same period a year ago, even though sales rose 21 percent to $52 million. Excluding one-time items, the company earned four cents a share, about what analysts expected. Shares fell more than six percent in after-hours trading.


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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