Ben Baer, Senior Producer - Jul 24, 2009 2:22 PM ET
Barry Diller, the chairman and CEO of IAC, just left the stage and left some zingers floating in the heads of folks here at the Brainstorm Tech conference.
On making money on the Internet: "We're still at this point of mythology where the Internet is free. In reality it's not, and it's not going to be."
On the video production company that IAC is launching in tandem with a team from College MORE
Michael V. Copeland, Senior Writer - Jul 24, 2009 1:10 PM ETBen Baer, Senior Producer - Jul 24, 2009 11:32 AM ET
Investors in the technology, information, and media space should expect a "culling of the herd," say two of the sector's big players.
"Looking at our portfolio today, it's either feast or famine," said Jonathan Nelson, CEO of Providence Equity Partners. "Some [companies] are knocking the cover off the ball." In subscription-based businesses, "growth has developed undisturbed," while those that have been hurt the most rely on an advertising model.
"People right now MORE
Beth Kowitt, Writer-Reporter - Jul 24, 2009 11:14 AM ETJennifer Lai - Jul 24, 2009 10:34 AM ET
To the delight of an armada of tech writers, Palm (PALM) has responded to the shot Apple (AAPL) fired across its bow last week with a cheeky little blast of its own.
The issue is whether Apple will continue to allow the Pre to sync seamlessly with iTunes, the feature of Palm's whizzy new smartphone that got the most attention in advance of its launch in early June.
Apple unleashed an iTunes MORE
Philip Elmer-DeWitt - Jul 24, 2009 9:24 AM ET
Biz Stone says site soon will launch "Twitter 101" for corporations
In an interview that was alternately irreverent and earnest, Twitter co-founder Biz Stone on Thursday said he expects the company this year will reveal its plans making money. He also noted that Twitter still does not have a head of sales.
Stone said the public's infatuation on Twitter making money was like a "nice loving mom who wants make sure you're MORE
Beth Kowitt, Writer-Reporter - Jul 24, 2009 3:44 AM ET
Don't give up on eBay yet. Despite posting a second quarter drop in earnings for the second quarter, the company beat analyst estimates. Merrill Lynch and Bank of America upgraded it to neutral on the news, while Goldman Sachs and Credit Suisse raised their earnings targets. Since the announcement yesterday evening, eBay's stock has jumped over 10% to $21.52.
eBay (EBAY) CEO John Donahoe helped explain that show of faith today MORE
Jessica Shambora, Writer-Reporter - Jul 23, 2009 10:13 PM ETPenelope Patsuris - Jul 23, 2009 9:33 PM ET
Penelope Patsuris - Jul 23, 2009 8:44 PM ET
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.29 | -0.01 | -0.14% |
| Ford Motor Co | 12.21 | -0.53 | -4.16% |
| Frontier Communicati... | 4.31 | -0.16 | -3.58% |
| Microsoft Corp | 29.23 | -0.27 | -0.92% |
| Juniper Networks Inc... | 21.69 | -0.68 | -3.04% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,660.46 | -74.17 | -0.58% |
| Nasdaq | 2,816.55 | 11.27 | 0.40% |
| S&P 500 | 1,316.33 | -2.10 | -0.16% |
| Treasuries | 1.90 | -0.03 | -1.71% |
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