Ina Fried

Recent Posts by Ina Fried

Investors Flock to Twitter, Like Facebook, as Year Draws to a Close

Sure, Facebook has a huge valuation, and Twitter trades at like a billion times earnings, but that hasn’t stopped shares of both companies from surging.

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Part of it is the realization that, to the degree that social media actually is a big thing, it really is all about those two companies. And while Facebook and Twitter are tech names, social media has emerged as a key place for all manner of companies, from automakers and airlines to Coke and Pepsi.

In an interview on CNBC, I likened it to the early days of Google’s stock, as investors realized that search advertising was here to stay:


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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