Mike Isaac

Recent Posts by Mike Isaac

Facebook Closes Above $38

For the first time since Facebook debuted on the Nasdaq last year, its shares closed above its IPO price, finishing at $38.05 on Friday. The company has traded far beneath that number since Day One, but recently rallied on the strength of a solid earnings report and particularly impressive gains in mobile advertising.


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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