Kara Swisher

Recent Posts by Kara Swisher

Loeb Puts More Money Where His Ever Larger Yahoo Mouth Is

Hedge funder Dan Loeb of Third Point has bought another 2.5 million shares of Yahoo for about $40 million this week, bringing his total to 73 million shares, according to a regulatory filing. Loeb — who now owns above six percent of Yahoo — won a seat on the board of the Silicon Valley Internet giant after threatening a proxy battle and has recently been the key director in finagling the recent hiring of former Google exec Marissa Mayer as CEO. Yahoo’s stock has traded down slightly since the splashy appointment.


Latest Video

View all videos »

Search »

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