Peter Kafka

Recent Posts by Peter Kafka

Reed Hastings Has a Long Memory, Sharp Wit

Oh well. No one is right all the time.

– Netflix CEO Reed Hastings, on Facebook, linking to a 2005 MarketWatch story in which analyst Michael Pachter put a $3 price target on Netflix and said the company “continues to underestimate Blockbuster’s market position.”


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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