Ina Fried

Recent Posts by Ina Fried

Boingo Wireless Drops in First Day of Trading

Paid Wi-Fi specialist Boingo Wireless saw its stock drop Wednesday in the first day of trading after its public offering. The stock priced at $13.50 a share, toward the high end of its expected range. However, it opened down and kept going, closing at $12.10, down 10.37 percent.


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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