Mike Isaac

Recent Posts by Mike Isaac

Facebook Shares Jump as Employee Lockups Expire

Facebook stock saw a 10 percent surge on Wednesday morning, up to a high of $22.09, as nearly 800 million employee shares became eligible for trading for the first time. It was widely expected that the stock would fall with the possibility of many employees finally being able to cash out.


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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