Liz Gannes

Recent Posts by Liz Gannes

Wal-Mart Acquires Social Ad Targeting Start-Up OneRiot

OneRiot, which targets mobile advertising based on social data, has been bought by Wal-Mart, or more specifically @WalmartLabs, the Silicon Valley unit founded out of the acquisition of Kosmix. OneRiot will contribute to @WalmartLab’s “Social Genome,” which targets products to customers. OneRiot had been through many iterations, starting as a social browsing plug-in called Medium, and had raised nearly $30 million (most of it way back in 2007) from investors including Commonwealth Capital Ventures, Spark Capital, Appian Ventures, Brad Feld and Elon Musk.


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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