Liz Gannes

Recent Posts by Liz Gannes

Tiger Global Invests Another $75M in Automattic, Buying Out VC Shares

Tiger Global has led a $75 million purchase of Automattic stock, mostly buying out the WordPress.com company’s venture capital investor Polaris Partners, said founder Matt Mullenweg. The Wall Street Journal reported that the deal valued the company at a 25 percent higher valuation than in May, when Tiger Global bought $50 million worth of stock from Automattic shareholders.


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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