Ina Fried

Recent Posts by Ina Fried

Clearwire Files to Sell $300 Million in Shares

Struggling wholesale wireless carrier Clearwire said on Monday that it plans to sell $300 million worth of stock as part of its effort to bolster its financial position. The company also plans to offer its underwriters an option to purchase up to an additional $45 million worth of shares.


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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