Everyone online is sort of sniffing at the already-infamous "Why I'm Leaving Goldman Sachs" op-ed in today's Times, and much of that sniffing is understandable. Lots of people definitely know, assume or simply believe that Goldman has been for much of the last decade (or longer) in the service of steering their clients wrong in favor of profits. This is a totally reasonable (and valid!) conclusion, after all, after the activity of the last five years. (Particularly for anyone who saw their incredibly terrible returns on investment after ill-timed BRIC-chasing and plenty of other recession-era disasters.) And so their point is: well, what were you doing, Greg [...]
Everyone is losing their minds over Netflix's announcement that they'll split into two companies: one that does streaming (called "Netflix") and one that does DVDs, called… Qwikster? (This comes after last week's Netflix freakout, over changes to pricing which immediately sent its stock down 19%.)
Now everyone is making fun of CEO Reed Hastings on his own corporate blog. But not just there! Everyone is also making fun of them everywhere else for not securing the Qwikster Twitter account before announcing this new company, which is lackadaisically maintained by a madly inarticulate marijuana-loving gamer named Jason Castillo.
William Morrow/HarperCollins has pulled Neal Stephenson's brand-new book, Reamde, off Amazon after, one would guess, getting tired of hearing about just how many errors there are in the e-book production. (It's not clean.) Now the e-book version is no longer visible at all to U.S. visitors to Amazon, and appears as "unavailable in the U.S." to mobile viewers. (This was first noticed late last night by Macworld editorial director Jason Snell.) Reamde is #36 in books overall on Amazon this morning, so removal of the e-book, even temporarily, is a serious financial choice. (The Kindle version was #6 on the Amazon scifi list, while the print/audio was at [...]
While the lawsuit apparently filed today by the parent company of Nikki Finke's Deadline against the parent company of the Hollywood Reporter is largely about "misappropriating wholesale content" from Deadline, the fun begins when you see they accused the Reporter of straight up stealing code from their site TVLine. (The copyright infringement on the code seems pretty cut and dry. [PDF]) BUT THEN there's also a section on how the Reporter tried to "lure away" Deadline's employee, Ms. Finke, with a decent salary and a "ONE MILLION DOLLAR MALIBU HOME." Then there are like a thousand examples of stories that Deadline posted first and then the [...]
Have you read the story about the Amazon warehouse outside Allentown? You should! It's not… good. In short, Amazon largely staffs that warehouse with temporary workers through an agency, dangling the prospect of being promoted to full-time employee. Then it parks ambulances outside for when they pass out from heat exhaustion. Then, when they don't make quota, what with all the passing out, they're often dismissed. (Yes, to be fair, some are promoted, and some do fine.) Hold on to your Kindles!