Former Yahoo VP Jim Stoneham Joins Payvment as COO

Payvment, the Palo Alto, Calif. company that is focused on bringing e-commerce to Facebook, has named Jim Stoneham to the position of chief operating officer. As the former VP of Yahoo!’s Communities, Stoneham led the group that included Flickr, Yahoo! Answers, and Yahoo! Groups. Stoneham was also at Yahoo when it redefined its social strategy, by integrating Facebook and Twitter across several properties.


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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