I’m a Street addict, and Meredith Whitney has the good stuff. If you recall, a veritable witch’s brew wafted around her 31 October 2007 report on Citigroup ©, predicting Citigroup would cut its dividend because it was holding too much worthless paper. Some have said that Ms. Whitney is the Oracle of Wall Street. Some CEOs are probably still having nightmares of her flying around on a broom. Ms. Whitney has class and doesn’t call CEOs who cannot comprehend their own books liars, but rather errs on the safe side that they are just dullards. While Whitney had some rough […]
economics
2 posts
What a tragedy: Ello, the”Facebook Killer,” is receiving VC funding and has a plan in place to monetize its users. (Or, as they say in the industry, “sell eyeballs”). How dare they offer a free service then profit from our demographic information? Why must venture capitalists stick their talons in our social networks? What ever happened to our PRIVACY!!! As both Karl Marx and Adam Smith will tell you, economics is everything. Buying the servers required to house a big social network costs money. Keeping them powered up, cooling them down, giving them the bandwidth necessary to handle requests without […]