We love the fact that Michael Eisner, the former Disney CEO and once one of the most feared men in the media business, was reduced to staking his claim for media influence with only his shitty little chat show on CNBC. It's almost as satisfying as when former New Yorker editor and dressed up gossip hound Tina Brown…
Late Sunday night, JP Morgan Chase agreed to buy cash-strapped investment bank Bear Stearns for $2 a share, or $236 million. Last week, the company was valued at more than $14 billion. This is one of the swiftest corporate falls in history. But just how bad was it? Here's a list of things that cost more than the…
Buried in CEO Eric Schmidt's blog post about the company's greenlighted acquisition of DoubleClick:
Forbes magazine reports that, worth $58 billion, Bill Gates is no longer the world's richest man. He's the third-richest. Although more than half of his wealth is invested outside Microsoft, Gates can likely blame the bad news on his oldest buddy. Steve Ballmer's unsolicited bid for Yahoo tanked Gates's net worth.…
Missed earnings, recession fears, and dodgy deals are eviscerating the stock portfolios of tech titans like Steve Jobs, Bill Gates, Steve Ballmer, Larry Page, Sergey Brin, and Eric Schmidt. Here's the damage.
Justin Long, the sci-fi actor who also plays "Mac" in Apple's TV commercials, dropped his precious iPhone into a swimming pool according to celebrity blog Out All Night. "I do [have an iPhone], but it fell in a swimming pool, so it's a little broken right now," says Long. That's too bad, Justin. Maybe you and Digg…
A tipster writes from the San Jose airport:
Google founders Larry Page and Sergey Brin collectively own 57,806,476 shares of Google stock. One month ago, Google's stock was trading at $710.84 — putting Larry and Sergey's combined holdings at $41.1 billion. That'll buy you a few party planes, right? Not so fast. In the past month, Google's stock has fallen…
Apparently not. Love that waiting-for-a-quote journalism! (Click to enlarge.)
Daily Brief: The Incredible Shrinking Board [Portfolio]
We missed this until we saw it on Kottke: McSweeney's, which apparently doesn't have any money, is opening an actual business! Dave Eggers and pals are opening Timothy McSweeney's Design House, which will specialize in what has been dubbed that "distinctive po-mo, neo-classic proto-post-victorian sensibility" that all…
