CafePress Shares Hold Steady on First Day of Trading

CafePress shares rose three cents during the company’s market debut today, to close at $19.03 a share. Yesterday, the e-commerce company sold 4.5 million shares in its IPO at $19 each, above its expected price of $16 to $18. Earlier in the day, the stock jumped as much as 17 percent before settling back down. The company now has a market value of roughly $320 million.


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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