Ina Fried

Recent Posts by Ina Fried

Verizon Wireless Plans $7 Billion Dividend to Parent Companies

Verizon Wireless said on Monday it plans to pay out $7 billion to its two owners — Verizon Communications, which owns 55 percent of the venture, and Vodafone, which owns 45 percent. The move comes amid renewed talk that Verizon Communications might be interested in buying out its joint venture partner.


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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