Kara Swisher

Recent Posts by Kara Swisher

Wall Street Likes Bartz’s Firing — Yahoo Stock Spikes on News

Yahoo shares are up more than six percent in after-hours trading, as news of the firing of its troubled CEO Carol Bartz got out (from here, actually).

The stock is at $13.72, up 81 cents so far, as you can see below. It will be interesting to see what happens tomorrow when the markets open.

Bartz and the company confirmed (she in a feisty email) it had let her go after the veteran tech exec could not seem to turn around the Silicon Valley Internet giant.

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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