Peter Kafka

Recent Posts by Peter Kafka

Apple Shares Bounce Back

Apple says that things will run smoothly under new CEO Tim Cook. And after some reflection, Wall Street might agree. Apple shares are trading around $370, a little less than two percent below yesterday’s close — which was a few hours before Apple announced that Steve Jobs was giving up the top job at the company he co-founded. Which means they’ve actually improved since last night, when shares had dropped more than five percent in after-market trading.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald