Peter Kafka

Recent Posts by Peter Kafka

Facebook Plans Press Event for “Gifts” November 1

Here’s yet another tech company with a press event lined up for the next couple weeks: Facebook is inviting reporters to “come see what’s new with Facebook Gifts” at the FAO Schwarz store in Manhattan Nov. 1. Facebook unveiled the ability to buy physical gifts for other users last month.

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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