Technology, Culture, Commentary on the Internet Revolution

August 8th, 2008

Rackspace IPO: $1.45 Billion

The tech IPOs are back, baby. Rackspace has a longstanding reputation as the luxury hosting company, the one you get before your business grows into needing a CDN. They were actually YouTube’s first hosting company: just two years ago, Chad and Steve had over a hundred servers there. Their IPO this morning is an overnight […]

By Mike Abundo -- 0 comments

July 19th, 2008

Yahoo Shareholders See the Light

I say Yahoo did the right thing by fighting off Microsoft. Dvorak says shareholders who disagree are sick and greedy. Carl Icahn, champion of the sick and greedy, proposes a board full of losers.
Good to see Yahoo’s biggest shareholders finally see the light.
Tags: Bill Miller, Carl Icahn, Investment, Jerry Yang, Legg Mason, Microsoft, Yahoo

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By Mike Abundo -- 1 comment

July 18th, 2008

Leave Google Alone!

Why are tech shareholders so greedy? Yahoo defends itself from a hostile takeover, and Wall Street punishes them for shunning a suicide payday.
Now, Google reports spectacular growth, and Wall Street punishes them for not growing spectacularly enough.
Uh, what?
Tags: Google, Investment, stupid

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By Mike Abundo -- 0 comments

April 5th, 2008

Pizza.com Sold for $2.6 Million

Recession? Not on the Web, baby!
A US man has sold the domain name pizza.com for $2.6m - after maintaining the site for just $20 a year since 1994.
Chris Clark, 43, accepted the offer from an anonymous bidder after a week-long online auction.
“It’s crazy, it’s just crazy,” Mr Clark, who lives in North Potomac, Maryland, was […]

By Mike Abundo -- 0 comments