Liz Gannes

Recent Posts by Liz Gannes

After Facebook and Twitter, SecondMarket Buyers Lust for Pinterest, ZocDoc and Klout

SecondMarket, the private market dominated by sales of stock by former employees at consumer Web and social media companies, had more than $558 million in transactions in 2011, for 55 percent year-over-year growth, it said today. Buyers tell SecondMarket they are still most interested in getting shares from regular targets like Facebook and Twitter, but some recent emerging targets include Pinterest, Practice Fusion, ZocDoc, Klout and Kickstarter. (Of course, just because there are would-be buyers doesn’t mean there are sellers.)


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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