Peter Kafka

Recent Posts by Peter Kafka

Verizon Q2 Numbers Hit Wall Street Estimates

Verizon delivered the Q2 results that analysts were expecting this morning: Earnings of 64 cents a share on revenue of $28.6 billion. The company said its wireless unit added 888,000 net customers, compared to the 666,000 consensus, but Wall Street would still like something else — shares are down 1 percent in pre-market trading.


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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