Liz Gannes

Recent Posts by Liz Gannes

Russian Search Engine Yandex Files for IPO

As expected, Yandex, the so-called Google of Russia, has filed to go public on NASDAQ. The search company hopes to raise $1 billion, and reported $143 million in net income last year based on revenues of $440 million, almost exclusively from advertising. It had previously planned to go public in 2008.


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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