Samsung Shares Plunge After Patents Verdict

Shares of Samsung Electronics Co. fell sharply Monday, with analysts saying the company’s loss in its court battle against Apple Inc. in the U.S. increases uncertainty over the South Korean company’s future products.

The stock opened 6.8 percent lower, and at one point fell by as much as 7.7 percent to 1,177,000 won (US$1,037), the lowest intraday level in a month.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald