Peter Kafka

Recent Posts by Peter Kafka

News Corp Buys Storyful, a Social Video Sorting Startup

News Corp has acquired Storyful, a video news startup, for $25 million. Storyful specializes in verifying and clearing amateur and user-generated video so news organizations and brands can use the clips. News Corp, which owns this website, says Storyful will keep operating as a standalone business.


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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