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Monthly Archives: May 2012

Enough Facebook, Anyone Remember AOL?

Tl;dr AOL is operating at near FB levels of P/E, on tiny earnings, and this is probably unsustainble. Tim Armstrong, CEO of AOL, did a talk at Techcrunch Disrupt. In it, Mr. Armstrong said, inter alia, that AOL was “becoming a house of strong brands” as it transitions to be more of a content company: […]

From Techcrunch: How the Media is Wrong About Facebook’s IPO — But I’m Still Bearish

Tl;dr Though the FB IPO may have gone of a lot more smoothly than many critics are saying, FB needs to post consistent, high growth in order to justify its valuation, which looks unlikely. Techcrunch contributor and VC member Dan Scholnick has makes three very astute points about the Facebook IPO, worth reiterating: 1. The […]

Password Security: When the Problem Exists Between Keyboard and Chair

Tl;dr When a third party asks for information that allows them to reset your passwords for other services, you should be very wary. Technology Review has an interesting story about a potential security hole in gmail. Basically, it works like this: 1. Hacker site offers a user a discount/teaser/whatever and asks them to enter their […]

Gmail, Why Do You Choose to Spite Me So?

I used to do a lot of front end development, so I find bad user controls to be particularly vexing. I doubt this makes me special, as it probably annoys most other humans, too. However, some things just pop off the page at me. The below is one of them. Gmail, despite the fact that […]

Free Does Not Mean Valueless

Tl;dr People are unwilling to pay for baseline content; make your baseline content free and use it as a loss-leader to sell naturally scarce premium services crafted to engage your target audience. A coworker forwarded me this article today, entitled “The Emperor has no Content.” It is a short read, and worth reading. Let me […]

Three Digit PE! / How much bigger can Facebook get?

Apparently, Facebook’s IPO will put it in the fabled faery lands of companies with three digit P/E ratios. Specifically, it looks like Facebook may well have a P/E of 100 when it goes public. For reference, Apple’s P/E is currently 13.6 and Google’s is 18.55. If Apple’s P/E was 100, it’s market cap would roughly […]

Better Math on Online v. TV / Forgive Me, for I am Mortal

In an earlier post, I did a very rough comparison of the economics of television v. online users. I committed a pretty big mathematical blunder, and, also, found some better data. So let me correct myself. Apparently, Pinterest users spend about 15 hours a year using the service, which would give a per-hour valuation of […]

Orwell’s Armchair

A former Professor of Mine, Derek Bambauer, has recently written a very interesting article on on-line censorship. You can read it here. Abstract reproduced below: America has begun to censor the Internet. Defying conventional scholarly wisdom that Supreme Court precedent bars Internet censorship, federal and state governments are increasingly using indirect methods to engage in […]

Last One on Apple Passwords… For Now

In previous posts, I have complained, at length, about Apple’s new password policy. This weekend, the first time I wanted to use my new Apple password, after nine attempts, I discovered I could not remember it. Then I went back to my security questions, and, once again, on my first attempt, I got one wrong. […]

“Cyber” Attacks on America’s Pipelines

Disclaimer: I am not a security expert. However, this guy is, and he posted that story just about a week before this one hit the net-waves. Summary: DHS has issued a statement saying that what they suspect was a single entity made a bunch of so-called ‘spear-phishing’ attacks at companies that control oil pipelines. It […]